According to my research, the price trends of Zinc Sulphate in North America during Q2 2023 were volatile. The market in the US experienced downward pressure due to global economic headwinds like inflation and rising interest rates. Weak economic conditions and higher borrowing costs have impacted the downstream demand, particularly in the agrochemical industries. The market transactions for Zinc Sulphate were mainly small orders, and the cost support from upstream Sulphuric Acid remained lackluster. Core inflation in the US has trended above targeted levels, further pressuring the market fundamentals of Zinc Sulphate.
In APAC, Zinc Sulphate prices also showed volatile growth in Q2 2023. Prices remained on the lower end in the first half of the year due to ample availability in the Indian domestic market. Manufacturers reported a build-up of stocks, leading to reduced offers for the downstream agrochemical sector. However, towards the end of the quarter, there was an upward momentum in Zinc Sulphate prices in India due to increased inquiries from the agrochemical industries.
Get Real Time Prices of Zinc Sulphate: https://www.chemanalyst.com/Pricing-data/zinc-sulphate-1469
In Europe, Zinc Sulphate prices sustained a downward trajectory in France during Q2 2023. Inflationary pressures and limited consumption in the energy-intensive manufacturing sector affected purchasing power. Labor shortages and continued strikes also impacted production. However, there were indications of a possible slowdown in inflationary pressures in France, with a decline in consumer price inflation.
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