India witnessed a firm upward movement in zinc carbonate prices during the middle of May xxxx. This price increase comes on the back of strong demand from downstream industries, particularly automotive and rubber manufacturing which remain key consumers of zinc-based compounds like zinc carbonate.
Zinc oxide a key derivative of zinc carbonate also saw a consequent price increase during the month. Used extensively in the vulcanisation of rubber zinc oxide plays a vital role in the production of tires and various rubber components making it a crucial material for the automotive industry. Meanwhile, Zinc Carbonate market prices settled around USD x,xxx per tonne.
Continuing the trend from the previous month the automobile sector maintained its growth trajectory in May following the seasonal demand pattern. Automakers sustained their momentum with passenger vehicle sales and production remaining strong thereby fuelling increased consumption...
