Zinc Chloride Price Trend and Forecast

Zinc Chloride Regional Price Overview

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

Zinc Chloride Price Trend for the Year 2024

Asia

In the Asia Pacific region, Zinc Chloride prices demonstrated significant volatility throughout 2024. The first quarter started with an upward trend, driven by strong domestic demand particularly in India and China. The manufacturing sector's resurgence, marked by increased new orders and production levels, further supported the price growth
 

Zinc Chloride Price Chart

Please Login or Subscribe to Access the Zinc Chloride Price Chart Data
 

However, the market faced challenges during the monsoon season in Q3, when logistical disruptions and port congestions led to supply chain bottlenecks. By Q4, the market stabilized with moderate price increases, supported by steady demand from the automotive and construction sectors, despite some softening in industrial activity.

Europe

The European Zinc Chloride market experienced a challenging year in 2024. The first quarter saw declining prices due to economic uncertainties and reduced industrial activity, particularly in Germany. The market showed signs of recovery in Q2, supported by improved construction activity during the warmer months and restocking efforts by merchants. However, ongoing geopolitical tensions and high energy costs continued to pressure manufacturers' margins. The fourth quarter brought some stability, though demand remained subdued from key end-use industries, with the automotive sector showing only modest recovery signs.

North America

North American Zinc Chloride market displayed resilience throughout 2024. The year began with steady price increases driven by supply chain constraints and robust industrial demand. The summer months saw further price strengthening due to increased seasonal demand and some production disruptions. Transportation challenges and rising freight costs impacted the market dynamics throughout the year. By Q4, the market adopted a more cautious stance due to high inventory levels and uncertain economic conditions, though prices remained relatively stable supported by consistent demand from various industrial applications.

Analyst Insight

According to Procurement Resource, the global Zinc Chloride market is expected to face continued challenges from geopolitical uncertainties and supply chain disruptions, though growing demand from emerging economies could provide some support to prices.
 

Zinc Chloride Price Trend for the Second Half of 2023

Asia

The Asian zinc chloride market demonstrated notable volatility during the second half of 2023. In the third quarter, prices experienced downward pressure due to reduced demand from the textile and chemical manufacturing sectors. Manufacturing slowdowns in China and Southeast Asia contributed to decreased consumption rates. However, the market showed signs of recovery in Q4, primarily driven by increased activity in the battery manufacturing sector and renewed demand from galvanizing applications.

Europe

European zinc chloride markets faced significant challenges throughout H2'23. The persistent energy crisis and manufacturing sector constraints led to reduced production rates across major facilities. Several key manufacturers implemented temporary production cuts to maintain market stability. The fourth quarter saw marginal improvement as energy prices moderated, though overall demand remained subdued due to economic uncertainties and reduced industrial activity in key markets like Germany and France.

North America

The North American zinc chloride market displayed resilience during H2'23, despite global market pressures. Third-quarter performance was supported by steady demand from the wood preservation industry and chemical processing sectors. The fourth quarter witnessed strengthened market conditions, driven by increased industrial activity and strategic inventory building by key consumers. The electronics sector's growing demand for high-purity zinc chloride further supported market stability.

Analyst Insight

According to Procurement Resource, a gradual recovery in Zinc Chloride prices is anticipated 2024, supported by expected improvements in industrial activity and potential supply chain normalization. The growing adoption of zinc chloride in emerging applications, particularly in energy storage solutions, is likely to drive additional demand in key markets.
 

Zinc Chloride Price Trend for the First Half of 2023

Asia

In the first quarter of 2023, after a long stretch of COVID restrictions and holiday season in China, the market resumed its manufacturing activities that supported the rise in the price trend of zinc chloride. The performance of food and beverages, nutraceuticals, and pharmaceuticals industries also helped in the growth of zinc chloride prices. But in the second quarter, the market remained volatile, and after the initial bloom, they declined consistently. The downstream industries witnessed a significant contraction in their sales, and along with this, the export rates of China also fell significantly, leading to the downfall in the price trend of zinc chloride.

Europe

In European countries, the first quarter of 2023 witnessed a positive movement of zinc chloride prices as the number of orders in both domestic and international markets increased by several folds. This rate of rise of the price trend slowed down a little due to a slight fall in the demand from the downstream industries and excess supply. The falling cost of gas, rise in unemployment, and reduction in profit margins of traders also negatively affected the prices of zinc chloride.

North America

The rise in the growth of pharmaceutical and nutraceutical industries in the first quarter pushed the prices of zinc chloride into the positive zone. In the second quarter, too, the prices rose till the demand was consistent, and inflation rates in North America declined. However, the recovery of the economy after the downfall of two major banks was slow, which also affected the performance of the end-user industries. Due to inflationary pressure, the trading activities fell considerably, causing the price trend of zinc chloride to move southwards.

Analyst Insight

According to Procurement Resource, the price trend of Zinc chloride is estimated to decline consistently as, amid the challenging economic conditions, the downstream industries are finding it difficult to sustain a good demand.

Procurement Resource provides latest prices of Zinc Chloride. 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.