Latest Zinc Oxide Prices: Price Chart & Forecast Data

APAC Zinc Oxide Prices Movement Q2:

Zinc Oxide Prices in India:

Product

Category

Price

Zinc Oxide

Chemical

2565 USD/MT

In Q2 2024, zinc oxide prices in India saw a significant increase, reaching 2,565 USD/MT by June, marking a notable shift in the pricing trend for this crucial industrial material. The price hike was primarily driven by robust demand across key industrial sectors, with coatings and rubber industries leading the way in their consumption of zinc oxide. These industries are essential for a wide range of applications, including automotive, construction, and manufacturing, where zinc oxide plays a vital role in enhancing the properties of coatings and rubber products. As demand surged, the price of zinc oxide was further impacted by a rise in feedstock costs, particularly for zinc ingot, which is a key raw material in zinc oxide production. These rising input costs were passed along the supply chain, contributing to the upward pressure on zinc oxide prices throughout the quarter.

Despite these rising costs, the zinc oxide market in India benefited from a stable supply-demand balance. Production levels remained consistent, ensuring that the increased demand from various industrial sectors could be met without significant disruptions. The steady supply helped to prevent major shortages, which could have further fueled price increases. Additionally, the manufacturing sector’s optimism played a key role in supporting market stability. A positive outlook for industrial production, combined with expectations of sustained demand, allowed the zinc oxide market to continue its upward trajectory.

This optimistic sentiment within the manufacturing sector, particularly in the coatings and rubber industries, helped maintain confidence in the zinc oxide market despite the external pressures from rising feedstock costs. The result was a steady increase in zinc oxide prices, which mirrored the broader industrial trends of recovery and growth in key sectors. As a result, the market experienced an upward shift throughout Q2 2024, with consistent pricing movements that were largely supported by strong demand, stable supply, and positive manufacturing outlooks. By June, zinc oxide prices had reached a significant level, reflecting both the healthy demand from industrial sectors and the ongoing cost pressures from raw materials, positioning the market in a favorable yet volatile state as it navigated the balance between production and consumption.

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How the IMARC Pricing Database Can Help

The latest IMARC Group study, "Zinc Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Zinc Oxide price trend, offering key insights into global Zinc Oxide market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Zinc Oxide demand, illustrating how consumer behaviors and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

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Imarc Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.