Zinc Sulfate Heptahydrate Price Trend and Forecast

Zinc Sulfate Heptahydrate Regional Price Overview

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

Zinc Sulfate Heptahydrate Price Trend for the Q1 of 2024

Asia

Throughout the first quarter of 2024, zinc sulfate heptahydrate prices in Asia exhibited significant oscillations. This fluctuation was largely driven by the variable prices of its primary feedstocks, zinc, and sulfuric acid. The cost of these upstream materials was influenced by rising global crude oil prices, which in turn increased energy and processing costs.
 

Zinc Sulfate Heptahydrate Price Chart

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Despite this upward pressure, downstream support from the pharmaceutical and fertilizer sectors remained weak, widening the supply-demand gap. Both Chinese and Indian markets saw reduced consumer demand for zinc sulfate heptahydrate, causing prices to remain low and unstable for much of the period.

Europe

In Europe, zinc sulfate heptahydrate prices also fluctuated throughout the quarter. The surge in fuel and energy costs significantly elevated upstream and production expenses, occasionally driving up prices. However, sufficient inventory levels managed to meet the modest demands of downstream industries, keeping the price trajectory under pressure. Consequently, despite the occasional upward push from increased manufacturing costs, the market prices remained within a narrow range due to lackluster demand.

North America

In North America, zinc sulfate heptahydrate prices mirrored the stability observed in Asian and European markets. Demand was weak in both domestic and international arenas, with the pharmaceutical and chemical industries facing downturns due to high energy costs, prompting firms to reconsider production strategies. The market adopted a cautious approach amidst ongoing geopolitical and geoeconomic uncertainties, which continually influenced trade dynamics. As a result, the market experienced mixed sentiments and a relatively steady price trend throughout the first quarter of 2024.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Sulfate Heptahydrate is estimated to struggle with the sluggish performance of the feedstock commodities and limited global trading due to the diversion of the Red Sea route and the low water levels of the Panama Canal.

Procurement Resource provides latest prices of Zinc Sulfate Heptahydrate. 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.