Zinc Phosphate Price Trend and Forecast

Regional Price Overview

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

Zinc Phosphate Price Trend for First Half of 2023

Asia

In the Asia Pacific region, the first quarter witnessed robust demand from downstream industries, particularly supported by a steady zinc phosphate supply.

The expensive imports from the overseas industries also contributed to an upward price trend. However, this upward trajectory was short-lived, fading in the later part of the first quarter and into the second quarter. Demand, especially from the automotive sector, declined due to elevated inflation rates and reduced market activity. The situation was further downgraded by increased production capacities, leading to an oversupply of zinc phosphate and a consistent decline in its prices.

Zinc Phosphate Price Chart

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Europe

In Europe, the market grappled with disruptions and tensions stemming from the Russia-Ukraine crisis throughout the first quarter of 2023. This resulted in a significant and gradual price decline observed in both the first and second quarters.

While operating activities improved in the second quarter, subdued demand caused inventory levels to rise. High extraction rates and heightened miner interest in the sector further contributed to the issue of overstocking, significantly impacting the falling zinc phosphate prices.

North America

In North America, the gradual decline in zinc phosphate prices in the first quarter was attributed to low demand and waning market sentiments. While there was some improvement in the rubber, ceramics, and paint sectors, it was overshadowed by inflationary pressures. In the second quarter, demand from the automobile and construction industries steadily decreased with the onset of the monsoon season. The weakening economy further eroded buyer confidence and exacerbated the decline in zinc phosphate prices.

Analyst Insight

According to Procurement Resource, the price trend of Zinc phosphate will trace a declining trajectory as the demand from the end-user sectors and the performance of the feedstock materials seems weak.

Procurement Resource provides latest prices of Zinc Phosphate. 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.