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Zinc Pricing Trend and Forecast

Noida, Uttar Pradesh

Description

The third quarter of 2022 for the North American Zinc Price started out poorly, with CFR California values assembled at $3420/mt in August. Values later improved, though, and eventually settled at $3510/mt in September. During the first half of quarter three, the weak domestic demand from the end-user industries, such as the pharmaceutical, personal care, and cosmetics sectors, has mostly been responsible for maintaining this price trend in the US. The power shortage in China brought on by prolonged heatwaves in the southern provinces, as well as the heightened operational pressure and shutdown of industrial units, also disrupted the dynamics of the US market in H2. Substantial rate rises by the US Federal Reserve in the second half, which pushed the US currency to fresh 20-year highs, badly damaged business optimism globally. Gains in metal prices were constrained by a strong dollar, which was bolstered by predictions of a major interest rate increase following an unanticipated spike in US consumer prices in August that affected the value of the nation's zinc powder.

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Zinc Pricing Trend and Forecast

Noida, Uttar Pradesh
1 year ago
ChemAnalyst
ChemAnalyst
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