Product
Zinc Sulfate Price Trend and Forecast
Zinc Sulfate Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Zinc Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Zinc Sulfate Price Trend for the H1 of 2023
Asia
The price trend of zinc sulfate in the first and second quarters of 2023 was influenced by the strong consumption rates from the downstream sectors and the rose in sales of downstream products that helped in improving the market dynamics. However, in the late months of H1, the price trend of zinc sulfate fluctuated due to the ample availability of the product and the increase in supply pressure.
Europe
The rising level of inventories and striking inflation rates negatively impacted the zinc sulfate market sentiments. The region also saw a striking decline in the purchasing power of end-user sectors. However, the agrochemical industries showcased some positive movement, but it was not enough to drive the price trend of zinc sulfate.
North America
In North America, the price trend of zinc sulfate showcased a mixed trend in the prices in the first two quarters of 2023. The market in this region was highly affected by the slow movement of downstream industries. The reasons for this feeble movement of the market were the hike in interest and inflation rates, the increase in volatility of energy production costs, and strong monetary policies adopted by the government that eventually led to the falling trend in the prices of zinc sulfate.
Analyst Insight
According to Procurement Resource, the price trend of zinc sulfate is estimated to follow a downward trajectory, given the current pricing fundamentals and sluggish downstream demands.
Procurement Resource provides latest prices of Zinc Sulfate. 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.
About
Zinc sulfate or ZnSO4 is a white powder or colorless crystalline solid that is extremely soluble in water. Common uses for zinc sulfate include nutritional supplements to supply the body with critical zinc nutrients, fertilizer in agriculture to make up for zinc deficiency in the soil, and industrial operations such the creation of dyes, pigments, and battery electrolytes. It is also employed in the production of other zinc compounds and in topical medical treatments.
Product Details
| Report Features | Details |
| Product Name | Zinc Sulfate |
| Chemical Formula | ZnSO4 |
| Industrial Uses | Fertilizers, Rubber, Dyeing and Printing, Pharmaceuticals, Water treatment |
| HS Code | 28332990 |
| Molecular weight | 161.47g/mol |
| Synonyms | White vitriol |
| CAS Number | 7446-19-7 |
| Supplier Database | Balaji Industries, Changsha Haolin Chemicals Co Ltd, Tianjin Topfert Agrochemical Co, Rongqing Chemical Co Ltd, Clean Agro, Oasis Fine Chem |
| 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.
Production Processes
The process involves the submersion of zinc metal in the sulfuric acid solution. The final product of this reaction is zinc sulfate and water molecules.
Methodology
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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