Zinc Sulfate Prices, Latest News, Demand, Chart and Forecast
Zinc Sulfate Price in USA
The price of zinc sulfate in the United States for Q4 2023 reached 978 USD/MT in December
The latest report by IMARC Group, titled "Zinc Sulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of zinc sulfate prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Zinc Sulfate Prices Analysis:
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Zinc Sulfate Price Trend- Last Quarter
The zinc sulfate market is primarily driven by its increasing use in the agriculture sector as a key micronutrient for crops. Zinc sulfate serves as a soil additive to treat zinc-deficient soils, enhancing crop yield and improving food security, especially in regions with intensive farming practices. Additionally, the growing global demand for animal nutrition is boosting the market, as zinc sulfate is used in animal feed to promote growth and improve immunity.
In the industrial sector, zinc sulfate is employed in water treatment, the production of rayon, and as a mordant in dyeing processes, further expanding its applications. The rise in public health awareness is another driver, as zinc sulfate is utilized in pharmaceuticals to address zinc deficiency in humans. Increasing regulatory support for micronutrient-enriched fertilizers and advancements in zinc recycling technologies are also contributing to the market's growth, especially in emerging economies where agriculture plays a vital role in the economy.
Factors influencing zinc sulphate prices in North America
In the fourth quarter of 2023, the North American zinc sulphate market showed fluctuating trends. Early in the period, demand from the fertilizer sector and increased industrial activity drove prices up. Despite some challenges, including slower demand from downstream industries and a dip in manufacturing output, steady demand from fertilizers provided support. The year-end destocking season further pressured prices as downstream sectors reduced inventory, although no plant shutdowns were reported during this quarter.
Furthermore, the APAC region market was marked by a combination of supportive and challenging factors. The Rabi planting season spurred demand from agrochemical industries, pushing inquiries higher. However, rising upstream Sulphuric Acid prices added cost pressure, while zinc oxide prices dropped, leaving manufacturers to adjust their offers to maintain shipment momentum. Meanwhile, the year-end destocking season led manufacturers to focus on clearing existing inventories rather than initiating new production runs.
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Factors influencing zinc sulphate prices in Europe
Along with this, in Europe, the zinc sulphate market in the fourth quarter of 2023 experienced mixed fundamentals. Demand was moderate to high, fueled by fertilizer manufacturers and consistent global imports. The resumption of fertilizer trade between Russia, the USA, and Europe further supported the market. However, manufacturing production in the Eurozone declined, contributing to a more subdued market outlook. Rising production costs, primarily due to higher gas prices, also pressured the market.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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