Active Zinc Oxide Price Trend and Forecast

Active Zinc Oxide Regional Price Overview

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

Active Zinc Oxide Price Trend for the Q1 of 2024

Asia

The feedstock chemicals of active zinc oxide, such as zinc oxide, were the primary drivers of the market during the first quarter of 2023. The market noticed consistent demand from the downstream coatings and rubber industries. The demand for the commodity was also influenced by the improvement in economic activities and the return of consumer confidence in this sector.
 

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This optimistic outlook, along with the limited influx of zinc ingots in the region, also extended ample support, leading to an uptrend in the pricing patterns of active zinc oxide. Although, towards the end of the quarter, the cost of zinc ingots fluctuated a little, no severe consequence of this alteration was observed on the pricing trajectory of active zinc oxide.

Europe

In European countries, the price trend of active zinc oxide struggled throughout the first quarter of 2024. The economic downturn of the European countries additionally limited the spending budget of the consumer, reflected well in the pricing trajectory of active zinc oxide. Further, despite the slowdown in production activities, the existing inventories still surpassed the demand for active zinc oxide, leaving both trading and manufacturing sectors to deal with the oversupply crises. Overall, the pessimistic outlook of the downstream industries, excessive inventories, and bleak market conditions pushed the active zinc oxide prices to the lower end of the spectrum.

North America

As opposite to the European prices and similar to the trend observed in the Asian countries, the active zinc oxide prices in the North American region inclined. The bullish sentiments prevailed over the market as they were supported by constricted supply chains and rising demand from the downstream industries.

The industrial advancements in the region and the slow and gradual recovery of the construction industry played a significant role in keeping the active zinc oxide prices on the upper end of the spectrum. The diminished supply from the Asian countries, along with the low water levels of the Panama Canal, also influenced an uptrend in the prices of active zinc oxide.

Analyst Insight

According to Procurement Resource, the price trend of Active Zinc Oxide is expected to swindle under the pressure of limited availability of raw materials along with strong demand from the end-user industries.

Procurement Resource provides latest prices of Active 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.