Zinc Oxide Price Trend and Forecast

Zinc Oxide Regional Price Overview

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 Q1 of 2024


Zinc oxide is produced by processing zinc. Thus, the price trends for both zinc and zinc oxide align closely with each other. During the discussed tenure of Q1’24, the zinc oxide market in China saw some rise in operation as the post-COVID economic and manufacturing recovery in the country has been sluggish.

Zinc Oxide Price Chart

Zinc Oxide Price Trends

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The rubber industries, electronics, manufacturing, construction, etc., sectors were putting out some demands; however, the general depreciation, in the end, consumer consumption pulled the markets down in general. During the Chinese New Year, the market plummeted even more in China. In the Indian market, too, the supply and demand balance was very distraught, which kept the price trend tilted southwards.


The zinc oxide prices in the European market saw dwindling patterns in the first three months of 2024. The European market saw a depreciation in Euro values against US Dollars, which affected the common man’s purchasing capacities. These purchasing patterns were anyways tottering since the region has been struggling with inflation for a long time now.

Nyrstar put its Netherland plant on maintenance closure which brought some parity in the region’s supply and demand dynamics. However, the balance was very short-lived as the prices started plunging again, surrendering to the demand depreciation. The ever-stretching Russia and Ukraine war has been majorly disturbing the supply chains, which got even more disturbed during this time as the shipping hurdles unfolded in the Red Sea. Overall, a dull market performance was witnessed in Q1’24.

North America

The US’s influence on geopolitical and geoeconomic matters played a detrimental role this time as the domestic markets were facing the wrath of trampling customer interests and capacities.

Piracy was on a steep rise in the Red Sea and the Indian Ocean disturbing the trade for global suppliers. This was reflected in the American zinc oxide market as well. Both domestic and offshore orders were largely underwhelming. Inventories were bulking with unused stocks and maintained the downward pressure on the regional price trend. Conclusively, the zinc oxide prices remained wavering on the lower side of the price curve.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Zinc Oxide price trend moving ahead as well since the demands are not projecting any rise.

Zinc Oxide Price Trend for October - December of 2023

Product Category Region Price Time Period
Zinc Oxide Chemicals Asia 20,000-22,000 RMB/ton December 2023

Stay updated with the latest Zinc Oxide prices, historical data, and tailored regional analysis


The zinc oxide price trend saw a significant fluctuation in the fourth quarter of 2023. The prices in October saw a dramatic upheaval in the price trajectory of zinc oxide. Zinc prices, the crucial feedstock for zinc oxide, were in the range of 20,000-22,000 RMB/ton. However, zinc saw a dipping motion in mid-October compared to the initial week of the month. The reported slump in the prices was around 3.1% in the Chinese market. However, owing to the downstream demands and extenuation in the downward pressure, the end of the fourth saw an improvement in the prices on the back of upstream zinc-involving industries.


The zinc oxide price trend in the European region faced a wavering trend throughout the quarter, mimicking the Chinese market outlook for the fourth quarter of 2023. The primary reasons were the tottering demand dynamics and dynamic spot prices for the feedstock, zinc. However, towards the end of the quarter the zinc oxide prices seemed optimistic.

North America

In the fourth quarter of 2023, the US zinc oxide market experienced fluctuations following the imposition of sanctions by the Office of Foreign Assets Control on Russian mining entities, particularly impacting global zinc supplies. This led to a slight increase in zinc prices, as evidenced by a 1.4% rise in the spot price on the London Metal Exchange.

The US non-ferrous metal sector saw a general rise due to a weakened US dollar, positively affecting zinc prices. However, the market faced an oversupply of zinc ore, making the long-term rise in prices uncertain. Analysts predicted a period of price fluctuations and consolidation, balancing the reduced supply expectations against the existing oversupply.

Analyst Insights

According to Procurement Resource, the zinc oxide prices may increase in 2024 majorly slated to the gaining zinc market and increase in the non-ferrous metal prices.

Zinc Oxide Price Trend for the July - September of 2023


The zinc oxide price trend were heavily influenced by the significant decline in the cost of raw materials and struggling downstream demand. The third quarter also faced contraction in the rubber, polymer, and automotive sectors, but only during the initial period. As the quarter approached the end, the support from the infrastructure market and the growth of automotive sectors helped the zinc oxide price trend to surge.


The severe oscillations in the downstream sector posed a significant problem for the manufacturers as well as traders of zinc oxide. Additionally, the persistent inflation and rise in the rates of interest charged by the banks lowered the appetite of consumers. This reduction in the purchasing potential was well evident in the functioning of the end-user sectors, and further, the increased availability of zinc oxide forced the traders to lower their price quotations for zinc oxide.

North America

The zinc oxide price graph moved southwards in the third quarter as the contraction in the demand outlook of the domestic and overseas industries raised the concerns of traders. Among the end-user industries, the paints and coatings sector took the major hit of rising inflation and poor economic growth, and thus, these industries were forced to reduce their capacity for zinc oxide orders. However, the domestic market moved swiftly towards the end phase as the product supplies were well balanced by the improving momentum of the zinc oxide market.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Oxide are expected to showcase a declining trajectory. The dynamics of the zinc oxide market are expected to be down, driven by poor procurement from the end-user industries.

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.

North America

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.

Analyst Insight

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.

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About Zinc Oxide

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.

Zinc Oxide Product Details

Report Features Details
Product Name Zinc Oxide
Chemical formula ZnO
Industrial Uses Rubber industry, Ceramics production, Sunscreens and skincare products, Pharmaceuticals
HS Code 28170010
CAS Number 1314-13-2
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.

Zinc Oxide Production Processes

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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