Zinc Sulfate Price Trend and Forecast

Regional Market Overview

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

Zinc Sulfate Price Trend for the Q1 of 2024

Asia

Zinc sulfate prices were witnessed to be oscillating throughout the given time span of Q1’24. The price trend was primarily guided by the fluctuations in the feedstock prices; both zinc and sulfuric acid prices in the region influenced the zinc sulfate prices. For the majority of the said period, the market dynamics were largely tugged between the conflicting price drivers.

Zinc Sulfate Price Chart

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Upstream costs were on an incline as the energy and processing costs were greatly inflated because of a global rise in crude oil prices. However, the downstream pharma and fertilizer sectors were not providing enough support. This gap between the supply and demand outlooks grew even more wide over the said quarter. Both Chinese and Indian markets saw a decline in consumer demand for zinc sulfate, which made the prices waver at the lower end of the spectrum.

Europe

In the European zinc sulfate market, the prices were found to be fluctuating for the entire time. The rage in the fuel and energy markets had pushed the upstream and production dynamics incredibly high. This incline in the manufacturing costs took a toll and was able to push the prices high occasionally. However, the inventories were already sufficiently filed and were quite capable of supporting whatever feeble demands the downstream industries were offering. Because of these bearish demands, the price trajectory remained under pressure throughout. Thus, amongst this push and pull, the prices remained confined within limited boundaries.

North America

In the American market, the price patterns for zinc sulfate were mimicking the steadiness of their Asian and European counterparts. Demands were tumbling in both domestic and global markets. Pharma and chemical industries were also facing a downtime as the increased energy rates were almost forcing firms to rethink production. The market acquired a wait-and-watch approach. The geopolitical and geoeconomic disturbances were taking new turns every day and manipulated the general trade outlooks throughout the said period. Overall, mixed market sentiments were experienced.

Analyst Insight

According to Procurement Resource, the Zinc Sulfate price trends are expected to continue wavering in the coming times; the supply-demand interplay is still riddled.

Zinc Sulfate Price Trend for the October - December of 2023

Asia

The oscillations in the cost of raw materials such as zinc and sulphuric acid were well translated in the price trend of zinc sulfate during the fourth quarter of 2023. The manufacturing and trading industries noted a notable shift in consumer dynamics, which initially worked in favor of the zinc sulfate price trend.

The manufacturing industries, which showed slow momentum in the initial phase, balanced out the demand from the industries soon, but in the later stages, the inventories surpassed the procurement rates. Further, the instability in the demand from the US and lower rates of exports from the Asian countries lowered the expected rise the zinc sulfate prices.

Europe

The unprecedented fires in the Russian industries and additional sanctions on Russian imports limited the development of zinc sulfate prices. Further, the limited import of raw materials and declined export rates due to disruption in the Red Sea route and increasing Israel-Hamas tensions had impacted the zinc sulfate price trend negatively. However, despite the disruptions, in the last month of the fourth quarter, the traders showcased some relief as the prices bounced back on the back of a subtle rise in consumer demand.

North America

In the fourth quarter of 2023, zinc sulfate prices suffered from the downfall of the US currency. The traders of zinc sulfate saw a significant fall in the prices as the ferrous and non-ferrous metals and their salt given the ill consequences of the decline in the crude oil prices. Also, the region experienced an excessive rise in inventories due to the loss of exports by the end of the last quarter due to drought-like conditions in the Panama Canal, leading to the downfall in the zinc sulfate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Sulfate are expected to face some obstacles due to the rising environmental regulations on mining activities and fluctuating cost of raw materials.

Zinc Sulphate Price Trend for the July - September of 2023

Asia

The interest of consumers from the agricultural sector helped sustain the momentum of the zinc sulfate price trend. The first half of the third quarter also benefited from the positive movement of the downstream industries and a stable balance between supply and demand dynamics. However, the latter months struggled with a rise in the inventories and subtly declining demand from the downstream industries. The agrochemical sector in Asia also faced disruptions in the planting season that, in turn, raised the level of uncertainties in the market.

Europe

The manufacturers had to reduce their production rates in view of excessive inflationary pressure and poor financial conditions. The end-user industries, such as the agrochemical sectors, suffered the most and thus affected the zinc sulfate price trend to a great extent. Additionally, the rise in the energy production cost and lower rates of exports from the oil-exporting nations worried the producers of rising production prices, and thus the zinc sulfate price trend faced southwards.

North America

The majority of the third quarter was able to maintain a stable trajectory of zinc sulfate prices. The market initially stumbled with inflation and the frail movement of the downstream industries. Further, the uncertain rise in the cost of energy production also hampered the overall dynamics of zinc sulfate price trend. However, the market soon rebounded owing to inclining upstream costs and the consistent number of new orders ahead of the planting season in North America.

Analyst Insight

According to Procurement Resource, the price trend of Zinc Sulfate are expected to be dictated by the trailing demand from the end-user industries and the adverse effects of climate change on the agriculture sector.

Zinc Sulfate Price Trend for the First Half of 2023

Asia

The price trend of zinc sulfate in the first and second quarters of 2023 was influenced by the strong consumption rates from the downstream sectors and the rose in sales of downstream products that helped in improving the market dynamics. However, in the late months of H1, the price trend of zinc sulfate fluctuated due to the ample availability of the product and the increase in supply pressure.

Europe

The rising level of inventories and striking inflation rates negatively impacted the zinc sulfate market sentiments. The region also saw a striking decline in the purchasing power of end-user sectors. However, the agrochemical industries showcased some positive movement, but it was not enough to drive the price trend of zinc sulfate.

North America

In North America, the price trend of zinc sulfate showcased a mixed trend in the prices in the first two quarters of 2023. The market in this region was highly affected by the slow movement of downstream industries. The reasons for this feeble movement of the market were the hike in interest and inflation rates, the increase in volatility of energy production costs, and strong monetary policies adopted by the government that eventually led to the falling trend in the prices of zinc sulfate.

Analyst Insight

According to Procurement Resource, the price trend of zinc sulfate is estimated to follow a downward trajectory, given the current pricing fundamentals and sluggish downstream demands.

Procurement Resource provides latest prices of Zinc Sulfate. 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.