In August xxxx, Zinc Oxide prices in the Asian market exhibited an upward trend. In India, prices rose by xx due to supply constraints across the region, exacerbated by severe weather conditions and logistical challenges. Although feedstock Zinc metal prices saw a decline, driven by competitive pricing from Chinese manufacturers, Zinc Oxide prices continued to increase. This price rise was supported by steady demand from downstream industries, particularly the rubber, paints, and coatings sectors. However, the situation was complicated by port congestion and adverse weather, including typhoon Yagi during early September that caused heavy rainfall and disrupted construction activities throughout Asia. These disruptions led to reduced consumption of Zinc Oxide in the paints and coatings sector and impacted the rubber and tire industries due to a slowdown in the automotive sector.
In August xxxx, the Asian Zinc Oxide market experienced a continued downward trend due to...
