Get the latest insights on price movement and trend analysis of Zinc Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Zinc Oxide Price Trend for the First Half of 2023
In Asia-Pacific, the downstream industries showcased positive demand in the first quarter, which was adequately balanced by the steady supply of zinc oxide. The import of high-priced products in the market also supported the inclining price trend. But this inclining trajectory did not sustain in the later months of the first quarter and also in the second quarter.
Soon the demand dynamics slumped, especially from the automotive industries. This plunging trend in demand was due to high inflation rates and falling market activities. Many mining mills increased their production capacities, which caused the oversupply of zinc oxide in the Asian market and eventually led to the downfall of the prices.
In the European region, the market struggled from the disruptions and tensions caused by the Russia-Ukraine crisis throughout the first quarter of 2023. A significantly gradually declining price trend was thus observed in both the first and second quarters of 2023.
The operating activities, however, showed improvement in the second quarter, but due to subdued demand, it only caused the level of inventories to rise. In addition to this, high extraction rates and enhanced interest of miners in this sector further added to the overstocking problem and majorly affected the falling trend of zinc oxide prices.
Low demand for zinc oxide and slowing of market sentiments caused zinc oxide prices to decline gradually in the first quarter of 2023. There was some improvement in the rubber, ceramics, and paints sector, but the high pressure of inflation overshadowed this. In the sector quarter, demand from automobile and construction industries steadily decline at the onset of monsoon season. The falling economy also deprived the North American market from the confidence of buyers and further aided the fall in prices of zinc oxide.
According to Procurement Resource, the price of Zinc oxide is estimated to observe a downward trajectory given the current pricing fundamentals amid falling demands and volatile supply chains.
Procurement Resource provides latest prices of Zinc Oxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Zinc oxide is a white, powdery substance that occurs naturally as mineral zincite but is also synthetically produced. With a wide range of applications, zinc oxide is commonly used in sunscreens due to its ability to absorb and reflect harmful ultraviolet (UV) rays. It is also utilized in various industries, including cosmetics, rubber manufacturing, ceramics, and as a catalyst in chemical reactions. Additionally, zinc oxide possesses antimicrobial properties, making it useful in medical and healthcare products.
|Product Name||Zinc Oxide|
|Industrial Uses||Rubber industry, Ceramics production, Sunscreens and skincare products, Pharmaceuticals|
|Molecular weight||81.38 g/mol|
|Supplier Database||Ace Chemie Zynk Energy Limited, AG CHEMI GROUP , LANXESS, Tata Chemicals Ltd, TOHO ZINC CO LTD, TP Polymer Private Limited, Yongchang Zinc Industry Co Ltd, Zochem Inc|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
During the process, zinc metal is first melted and vaporized. Then in subsequent steps, the metal undergoes oxidation to give zinc oxide that is then cooled and separated.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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