Asia
In Asia, zinc oxide prices showed a mostly weak to stable trend during Q4’25. Operating rates at zinc oxide plants stayed below normal as demand from major downstream sectors weakened. The tire industry, which consumed a large share of rubber-grade zinc oxide, saw slower order growth, leading to rising inventories at tire factories. This reduced fresh buying interest. Environmental inspections in northern China also caused intermittent production stops, but these supply limits were not strong enough to support prices due to soft demand. The ceramic sector further added pressure, as several plants reduced output or paused operations.
Europe
In Europe, zinc oxide prices followed a subdued trend during Q4’25. Demand from rubber, ceramics, and chemical applications remained weak amid slow industrial activity. High energy costs and strict regulations continued to limit production efficiency, while downstream buyers remained cautious. The tire sector showed limited recovery, and export-related uncertainty further reduced consumption appetite. Producers focused more on managing inventories than expanding output. Although some supply adjustments occurred, they did not significantly tighten the market. As a result, zinc oxide prices in Europe stayed soft and competitive throughout the quarter.
North America
In North America, zinc oxide prices moved in a narrow range during Q4’25, showing mild weakness. Demand from tire manufacturing and industrial rubber products remained steady but lacked growth momentum. Buyers preferred short-term purchases and avoided bulk stocking due to uncertain market conditions. Supply availability remained sufficient, and producers faced limited pricing power. Trade concerns and cautious manufacturing activity kept sentiment restrained. Overall, the market stayed balanced but lacked the demand strength needed to support higher zinc oxide prices.