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 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.
 

Zinc Chloride Price Chart

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

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.