Zinc prices have been declining lately amid stronger dollar and infirm trade dynamics

Zinc prices have been experiencing a decline in the week ending march 2. The major reason for the change is attributed to a stronger dollar and ongoing trade uncertainties, which has been weighing on market sentiment. The confirmation of impending tariffs has added to concerns over global trade disruptions, affecting investor confidence. Meanwhile, China’s central bank has acknowledged economic challenges and weak domestic demand, signaling potential policy adjustments to support growth.

Market conditions indicate fresh selling pressure, with increasing open interest suggesting further downside risks. If bearish momentum persists, zinc prices may continue to face downward pressure, although potential stimulus measures and supply constraints could offer some support in the long term.

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Although zinc prices saw a slight upward trend last week as global mined zinc production continued to decline, shifting the market from a surplus to a deficit, the price rally lost momentum as demand concerns and broader market uncertainties limited sustained gains.