Wedoany.com Report on Feb 2nd, indicating that the annual average zinc price on the London Metal Exchange (LME) for 2026 is expected to remain flat compared to the previous year, hovering around $3,000 per ton. The company's analysis suggests that zinc prices will fluctuate within a range of $2,900 to $3,300 per ton, with the overall market trend being relatively stable.

According to Mitsui Metals' supply and demand analysis, the global zinc market in 2026 is projected to have a supply surplus of approximately 200,000 tons. However, the company specifically emphasizes that due to persistently low global zinc inventories at historically low levels, the actual market perception of this surplus will be relatively limited. Market analysts note that the impact of inventory levels on zinc prices is often more critical than raw supply and demand data alone.

Mitsui Metals further elaborated in the report: "The continued weak environment of the US dollar, along with the influence of other supply and demand factors, will collectively impact zinc prices." The company believes that the interaction of multiple factors necessitates a comprehensive consideration of various variables for zinc price forecasting.

As one of the world's most important metal trading platforms, the price movements of zinc on the London Metal Exchange have always been closely watched by the market. This forecast report from Mitsui Metals provides important reference material for industry participants. Despite the expectation of a supply surplus, the low inventory status may cushion its impact on prices to some extent.

Industry insiders point out that as an important industrial metal, price fluctuations in zinc directly affect the production costs of downstream manufacturing industries. Mitsui Metals' annual forecast report, based on a comprehensive analysis of the global macroeconomic environment, supply-demand dynamics, and inventory conditions, provides data support for the strategic planning of related enterprises.