Ziram Price Trend and Forecast

Ziram Regional Price Overview

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

Ziram Price Trend for the Second Half of 2023

Ziram price trend was observed to be inclining for the majority of the period under discussion. The agriculture sector anchored ziram’s market performance primarily. Along with that, the fluctuations in the feedstock zinc sulfate and dimethylamine prices were also reflected in ziram’s pricing fundamentals.
 

Ziram Price Chart

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Quarter three began on a largely stable note at the beginning of July’23. The fungicide market was growing with higher demands as the summer season entailed a higher risk of fungal infections in crops. A significant rise in the energy prices and the feedstock materials prices also pushed the upstream production costs for ziram.

This pattern continued for most of the said period till the middle of the fourth quarter. However, the oversupplied inventories started dominating after that, and the prices started to plunge as the year-end approached. Overall, positive market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the Ziram market prices are likely to remain stable in the coming months. The supply and demand outlooks are aligned with each other, which suggests an equilibrium in the ziram market.
 

Ziram Price Trend for the First Half of 2023

Ziram is a fungicide used in farming to protect plants and crops from various fungal diseases. Its prices closely follow its feedstock Zinc Sulfate and Dimethylamine price fluctuations. Ziram market experienced a fluctuating price trend during the first half of the year 2023.

Inventory stocks were already high, so the upstream cost support was very limited. Suppliers got very few queries, so the price trend were mostly observed to be wavering on the lower side of the price curve. However, there were still some demands observed at the beginning of the first quarter, which pushed the prices up a little, especially in the Asian and American regions. But this incline was short-lived, and eventually, the momentum fizzled out. Overall, bearish market sentiments were observed owing to feeble demands.

Analyst insight

According to Procurement Resource, price trend for Ziram are expected to continue fluctuating since consumer demands continue to remain uncertain amid low consumer confidence and rising inflation.

Procurement Resource provides latest prices of Ziram. 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.