Zinc Phosphate Price Trend and Forecast

Zinc Phosphate Regional Price Overview

Get the latest insights on price movement and trend analysis of Zinc Phosphate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Zinc Phosphate Price Trend for Q1 of 2025

Asia

In Q1’25, zinc phosphate prices in Asia showed a generally stable to slightly upward trend. This movement was influenced by the steady zinc market and rising phosphoric acid costs. In China, zinc prices remained relatively stable despite weak domestic demand, while phosphoric acid prices rose due to higher raw material costs and reduced supply during plant maintenance.
 

Zinc Phosphate Price Chart

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The Chinese Spring Festival also caused temporary disruptions, limiting output and pushing prices higher. In countries like India, demand for zinc phosphate stayed firm due to continued growth in the renewable energy and agricultural sectors. These combined factors kept the regional zinc phosphate market supported, with occasional fluctuations but no major downturns.

Europe

In European markets, zinc phosphate prices followed a moderate upward trend during Q1’25. Although zinc supply was tight due to falling inventories and limited growth in refined output, demand for zinc in the manufacturing sector saw slight improvement. At the same time, phosphoric acid prices climbed initially, driven by higher production costs and logistical challenges, before seeing a mild decline later in the quarter. The zinc phosphate market remained balanced as steady demand from industries such as coatings, construction, and food processing kept prices from falling. Overall, prices showed some resilience, supported by constrained supply and stable consumption patterns.

North America

Zinc phosphate prices in North America rose slightly through the first quarter of 2025. Zinc markets were volatile due to policy-related uncertainties and tight logistics, which pushed regional premiums higher. Meanwhile, phosphoric acid prices increased on the back of rising raw material costs and solid demand from the agricultural sector. Industrial users of zinc phosphate, particularly in manufacturing and construction, maintained consistent purchasing despite seasonal fluctuations. Supply chain issues and continued strength in end-use demand helped maintain elevated pricing levels throughout the quarter.

Analyst Insight

According to Procurement Resource, Zinc Phosphate prices are likely to stay firm, with steady demand from agriculture and industry expected to support moderate price growth.
 

Zinc Phosphate Price Trend for the Second Half of 2024

Asia

In the second half of 2024, the zinc phosphate market in Asia experienced a relatively stable pricing trend, with mild fluctuations. During Q3, prices rose slightly, influenced by strong demand from coatings and anti-corrosion segments, especially in countries like India and China. This increase aligned with higher costs of upstream materials like zinc, which itself saw consistent price hikes due to supply constraints and feedstock pressure. However, by Q4, the pace of price growth slowed down.

A cautious buying approach from downstream industries, especially in China, and stabilized feedstock costs helped cap further increases. Additionally, weather-related disruptions during Q3 and logistical bottlenecks at ports created supply pressures, but these eased somewhat in Q4, supporting a more balanced market environment.

Europe

In Europe, zinc phosphate prices saw a more stabilized pattern during the second half of 2024. Q3 marked a period of firm price growth due to disruptions in feedstock supply, including zinc, which was affected by both production issues and logistical delays. These disruptions were driven by broader geopolitical factors, including sanctions and energy supply concerns.

Demand remained steady across protective coatings and construction applications, supporting price strength. By Q4, however, pricing leveled out as feedstock costs moderated and logistics improved, particularly with better port operations and fewer disruptions. Although the automotive and construction sectors showed only modest recovery, stable industrial activity helped maintain demand for zinc phosphate through year-end.

North America

In North America, zinc phosphate prices trended upward in Q3, mirroring the broader rise in zinc costs. Feedstock challenges, including high freight rates and port congestion, played a role in supporting these price movements. The rubber and coatings sectors, especially those tied to automotive production, maintained healthy demand.

However, by Q4, the market environment turned more cautious. Despite stable demand, higher inventory levels and improved domestic supply limited further price increases. Competition from international suppliers and slightly weaker consumer sentiment also softened the market dynamics, leading to more stable pricing toward the end of the year.

Analyst Insight

According to Procurement Resource, Zinc Phosphate prices are expected to remain stable to slightly firm, depending on feedstock trends and demand from coatings and industrial applications.
 

Zinc Phosphate Price Trend for the First Half of 2024

Asia

During the first half of 2024, the price trend of zinc phosphate in Asia closely followed its key feedstocks—zinc oxide and phosphoric acid. In the first quarter, the zinc oxide market in China experienced sluggish demand across sectors like rubber, electronics, and construction, due to post-COVID economic recovery challenges. Similarly, phosphoric acid in Asia showed price stability during Q1, with narrow fluctuations, as the demand for fertilizers remained low. As a result, zinc phosphate prices mirrored this subdued market sentiment, with weak demand and soft pricing dominating the landscape.

In Q2, zinc oxide prices in Asia surged as demand picked up after the holiday season, driven by a revival in manufacturing and supply chain disruptions. The global zinc supply saw pressure from production decline, pushing zinc oxide prices upward. Phosphoric acid, however, remained mostly stable, with the supply-demand balance keeping prices from significant movements.

Europe

In Europe, the first quarter of 2024 saw zinc oxide prices following a downward trajectory, impacted by economic challenges such as inflation and weakened purchasing power due to the depreciation of the Euro. Phosphoric acid in Europe also faced a similar fate, as suppliers struggled to maintain price levels amid an oversupplied market.

Russian and Ukrainian exports, despite the war, continued to reach the market, which kept the supply side relaxed and forced suppliers to lower prices to balance the market. Consequently, zinc phosphate prices in Europe during Q1 were weighed down by weak feedstock markets. In Q2, zinc oxide prices in Europe showed improvement, driven by rising demand from downstream industries and constrained supply due to trade disruptions. Phosphoric acid prices, on the other hand, continued to face pressure from oversupply, keeping price movements minimal. As a result, zinc phosphate prices in Europe saw moderate upward movement in Q2.

North America

In North America, the zinc oxide market experienced price fluctuations in the first quarter of 2024, driven by weak demand and logistical challenges. Inventories were high, with both domestic and offshore orders underwhelming, keeping prices on the lower end.

Phosphoric acid prices in the region also followed a downward trend, with regional supplies and large inventories exerting pressure on prices. As winter ended, demand weakened further, leading to a muted market for both feedstocks. However, by Q2, zinc oxide prices in North America increased, driven by stronger demand and supply challenges. Phosphoric acid prices remained relatively stable, with little market movement. The combination of rising zinc oxide prices and stable phosphoric acid prices led to moderate price increases for zinc phosphate during the second quarter.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Phosphate is expected to trail the trend set by its feedstock commodities meanwhile the demand sector is estimated to exert positive influence on the overall dynamics of the market.
 

Zinc Phosphate Price Trend for the First Half of 2023

Asia

In the Asia Pacific region, the first quarter witnessed robust demand from downstream industries, particularly supported by a steady zinc phosphate supply.

The expensive imports from the overseas industries also contributed to an upward price trend. However, this upward trajectory was short-lived, fading in the later part of the first quarter and into the second quarter. Demand, especially from the automotive sector, declined due to elevated inflation rates and reduced market activity. The situation was further downgraded by increased production capacities, leading to an oversupply of zinc phosphate and a consistent decline in its prices.

Europe

In Europe, the market grappled with disruptions and tensions stemming from the Russia-Ukraine crisis throughout the first quarter of 2023. This resulted in a significant and gradual price decline observed in both the first and second quarters.

While operating activities improved in the second quarter, subdued demand caused inventory levels to rise. High extraction rates and heightened miner interest in the sector further contributed to the issue of overstocking, significantly impacting the falling zinc phosphate prices.

North America

In North America, the gradual decline in zinc phosphate prices in the first quarter was attributed to low demand and waning market sentiments. While there was some improvement in the rubber, ceramics, and paint sectors, it was overshadowed by inflationary pressures. In the second quarter, demand from the automobile and construction industries steadily decreased with the onset of the monsoon season. The weakening economy further eroded buyer confidence and exacerbated the decline in zinc phosphate prices.

Analyst Insight

According to Procurement Resource, the price trend of Zinc phosphate will trace a declining trajectory as the demand from the end-user sectors and the performance of the feedstock materials seems weak.

Procurement Resource provides latest prices of Zinc Phosphate. 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.