Zinc Oxide prices witnessed a downward trend in both China and India in December xxxx, influenced by weak demand from key downstream sectors, particularly the rubber and tire industries. The easing of feedstock Zinc Ingot prices also contributed to the reduction in Zinc Oxide prices, as the cost of production for the product decreased. This combined effect led to a decrease in overall market prices, with limited signs of recovery in the near term.
In China, the prices for Zinc Oxide FOB Shanghai dropped by about xx in December xxxx. A key factor in the price decline was the off-season for the tire industry, traditionally characterized by lower consumption during winter months. This seasonal slowdown led to a cautious purchasing attitude across various industries, with companies hesitant to buy high-priced raw materials. Further, the influx of natural rubber at Chinese ports, coupled with...
