Zinc Phosphate Price Trend and Forecast

Zinc Phosphate 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 the First Half of 2024

Asia

During the first half of 2024, the price trend of zinc phosphate in Asia closely followed its key feedstocks—zinc oxide and phosphoric acid. In the first quarter, the zinc oxide market in China experienced sluggish demand across sectors like rubber, electronics, and construction, due to post-COVID economic recovery challenges. Similarly, phosphoric acid in Asia showed price stability during Q1, with narrow fluctuations, as the demand for fertilizers remained low. As a result, zinc phosphate prices mirrored this subdued market sentiment, with weak demand and soft pricing dominating the landscape.
 

Zinc Phosphate Price Chart

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In Q2, zinc oxide prices in Asia surged as demand picked up after the holiday season, driven by a revival in manufacturing and supply chain disruptions. The global zinc supply saw pressure from production decline, pushing zinc oxide prices upward. Phosphoric acid, however, remained mostly stable, with the supply-demand balance keeping prices from significant movements.

Europe

In Europe, the first quarter of 2024 saw zinc oxide prices following a downward trajectory, impacted by economic challenges such as inflation and weakened purchasing power due to the depreciation of the Euro. Phosphoric acid in Europe also faced a similar fate, as suppliers struggled to maintain price levels amid an oversupplied market.

Russian and Ukrainian exports, despite the war, continued to reach the market, which kept the supply side relaxed and forced suppliers to lower prices to balance the market. Consequently, zinc phosphate prices in Europe during Q1 were weighed down by weak feedstock markets. In Q2, zinc oxide prices in Europe showed improvement, driven by rising demand from downstream industries and constrained supply due to trade disruptions. Phosphoric acid prices, on the other hand, continued to face pressure from oversupply, keeping price movements minimal. As a result, zinc phosphate prices in Europe saw moderate upward movement in Q2.

North America

In North America, the zinc oxide market experienced price fluctuations in the first quarter of 2024, driven by weak demand and logistical challenges. Inventories were high, with both domestic and offshore orders underwhelming, keeping prices on the lower end.

Phosphoric acid prices in the region also followed a downward trend, with regional supplies and large inventories exerting pressure on prices. As winter ended, demand weakened further, leading to a muted market for both feedstocks. However, by Q2, zinc oxide prices in North America increased, driven by stronger demand and supply challenges. Phosphoric acid prices remained relatively stable, with little market movement. The combination of rising zinc oxide prices and stable phosphoric acid prices led to moderate price increases for zinc phosphate during the second quarter.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Phosphate is expected to trail the trend set by its feedstock commodities meanwhile the demand sector is estimated to exert positive influence on the overall dynamics of the market.
 

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.

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.