Zinc Ingot Price History and Forecast Analysis | Procurement Resource"
During the initial quarter of 2023, the zinc ingot market in the Asia Pacific region displayed a blend of patterns. It was buoyed by robust demand from downstream industries, particularly in China, despite disruptions from holidays and economic hurdles. However, the second quarter took a downturn as heightened mining activities led to surplus inventories, causing a drop in prices from 24,340 RMB/ton in January to roughly 19,712 by June. In Europe, while the first quarter witnessed heightened demand, limited trade, uncertain buyer confidence, and increased global mining efforts contributed to a downward trajectory in the second quarter. Meanwhile, North America saw stabilized prices due to consistent demand, inflationary pressures, reduced construction ventures, and an economic slowdown.
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A zinc ingot is a solid block of refined zinc metal, typically cast into rectangular shapes for convenience. Zinc is a bluish-white, lustrous metal that exhibits good electrical conductivity and malleability. It has a relatively low melting point and is corrosion-resistant, forming a protective layer of zinc oxide on its surface when exposed to air. Zinc ingots are used in various industries due to these properties, ranging from galvanization and alloy production to battery manufacturing and corrosion-resistant coatings in construction and automotive applications.
Key Details About the Zinc Ingot Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Zinc Ingot in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Zinc Ingot Price trends, including India Zinc Ingot price, USA Zinc Ingot price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Zinc Ingot Price Trend:
Zinc ingots boast diverse industrial applications owing to their distinctive attributes. A primary role lies in galvanization, where their coating shields surfaces against corrosion, benefiting structures, pipelines, and automotive parts. Additionally, zinc plays a pivotal role in alloy production, enhancing mechanical properties in alloys like brass and zinc-aluminum blends used in die-casting. In the realm of batteries, zinc ingots contribute to zinc-carbon and zinc-air types. Moreover, they serve the construction sector by providing robust, corrosion-resistant coatings for steel and iron structures. These multifaceted applications underscore the significance of zinc ingots in preventing corrosion, improving alloys, advancing battery tech, and fortifying construction materials.
- REAZN S.A.
- Henan Yuguang Zinc Industry Co Ltd
- Yifengxin (Hebei) Metal Production Co Ltd
- Siyaram Impex Pvt Ltd
- Phoenix Industries Ltd
News and recent developments:
Zinc fell -0.17% to 238.35 yesterday as a result of poor demand and increased supply. China, the world's top user of zinc, reported significantly lower imports of the metal in April, showing that demand in the world's second-largest economy remains weak. Meanwhile, output increased by 8.97% year on year to 540,000 mt in April. In addition, SMM forecasts that domestic refined zinc output in May will climb by 19,800 mt to 559,800 mt, indicating an 8.65% year-on-year increase, as routine maintenance is completed and power supply in Yunnan is eased.
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