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Global Commodity Prices Rise Again

Zinc prices: Zinc mine production is expected to increase by just under 2 % in 2017, while refinery production is expected to decline by 1.5 % in several countries (including Canada). Consumption, on the other hand, is increasing slightly by 0.75 %, which should lead to a supply gap of 400,000 tons. For 2018, the experts expect demand to rise by about 2.5 % to around 14.3 million tons for pure zinc. This increase in demand is primarily due to an increase in the production of galvanized steel grades. The market is likely to register another supply deficit, which should amount to about200,000 tons. This further stimulates the zinc price development, even without infrastructure projects in the USA. IKB predicts the zinc price to be at around $ 3,100 per ton with a fluctuation margin of $ 400 per ton by the end of Q1 2018. arrow back arrow forward Image Zoom
Zinc prices: Zinc mine production is expected to increase by just under 2 % in 2017, while refinery production is expected to decline by 1.5 % in several countries (including Canada). Consumption, on the other hand, is increasing slightly by 0.75 %, which should lead to a supply gap of 400,000 tons. For 2018, the experts expect demand to rise by about 2.5 % to around 14.3 million tons for pure zinc. This increase in demand is primarily due to an increase in the production of galvanized steel grades. The market is likely to register another supply deficit, which should amount to about200,000 tons. This further stimulates the zinc price development, even without infrastructure projects in the USA. IKB predicts the zinc price to be at around $ 3,100 per ton with a fluctuation margin of $ 400 per ton by the end of Q1 2018. (Picture: see picture)
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