Zinc Oxide Price Trend and Forecast

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 First Half of 2023

Asia

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.

Europe

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.