The latest report by IMARC, titled "Zinc Ingot Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of zinc ingot prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Zinc Ingot Prices December 2023:

  • Japan: 2733 USD/MT (Zinc Ingot (SHG-99% Pure))
  • Germany: 3861 USD/MT (99.9%)

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The study delves into the factors affecting zinc ingot price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Zinc Ingot Price Trend- Q4 2023

The zinc ingot market is primarily driven by rising product utilization in the galvanization of steel and iron products, which is crucial in combating corrosion and extending the lifespan of metal structures in construction and automotive industries. The surge in global infrastructure development projects and increased automobile production are pivotal in fueling the demand for zinc ingots. Additionally, zinc is crucial in the manufacturing of alloys such as brass, which are widely utilized in various engineering and electrical applications, further catalyzing its demand. The rapid growth in these sectors directly correlates with increased consumption of zinc ingots. Moreover, the role of zinc in battery technology, especially in the expanding sector of renewable energy storage solutions is another major growth-inducing factor. As the world shifts toward sustainable energy sources, there has been a rise in demand for energy storage and battery solutions involving zinc, thus contributing to market growth. This diversified application across multiple industries ensures a steady demand trajectory for zinc ingots, supported by industrial growth and technological advancements in related fields.

The global zinc ingot market size reached 11.6 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach  14.9 Million Tonnes, at a projected CAGR of 2.90% during 2023-2032. In the last quarter, the prices of zinc ingots were significantly influenced by a range of supply chain issues, global economic conditions, and market demand fluctuations. Supply chain disruptions have been a major factor, with the coronavirus (COVID-19) pandemic impacting mining operations and logistics globally. Restrictions and health concerns have led to reduced mining output in key zinc-producing countries, which has strained the global supply of zinc ingots. Additionally, logistical challenges, including increased shipping costs and delays at major ports, have further complicated the distribution channels for zinc ingots, leading to tightened supply and increased prices. Demand fluctuations also played a critical role in the pricing of zinc ingots. As economies began to recover from the impacts of the pandemic, there was a sharp increase in demand for galvanized steel in the construction and automotive industries, which are major consumers of zinc. The rebound in demand came at a time when inventories were low and production capacities were not fully operational due to earlier pandemic-related cutbacks.

Furthermore, speculative activities in commodity markets, influenced by expectations of a strong industrial recovery, also contributed to price volatility. Investors and manufacturers stockpiling resources amidst fears of further supply chain disruptions added to the upward pressure on zinc ingot prices. These factors, combined with the inherent uncertainties in the global economic recovery, created a complex environment for zinc ingot pricing, characterized by significant volatility and upward price pressure during the last quarter. The price of zinc ingot saw an overall upward trend in the US spot market during the final quarter of 2023. Since the production rate had increased by the end of the previous quarter, there was initially a downward market trend in prices throughout the United States in October. By the end of 2023, the price trend for zinc ingots in the Japanese spot market was influenced by both the firm downstream demand and the ambiguous macroeconomic concerns that pervaded the entire world. In October, the price of zinc ingot initially dropped due to global excess supply supporting the downward price trend. The price of zinc ingots fell in the German spot market during the fourth quarter of 2023 due to a decline in downstream industry demand and weak economic conditions. Zinc Ingot prices started to fall in October owing to an excess supply and rising zinc extraction rates in both domestic and foreign mining regions.

Browse Full Report: https://www.imarcgroup.com/zinc-ingot-pricing-report

Key Points Covered in the Zinc Ingot Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

  • Zinc Ingot Prices
  • Zinc Ingot Price Trend
  • Zinc Ingot Demand & Supply
  • Zinc Ingot Market Analysis
  • Demand Supply Analysis by Type
  • Demand Supply Analysis by Application
  • Demand Supply Analysis of Raw Materials
  • Zinc Ingot Price Analysis
  • Zinc Ingot Industry Drivers, Restraints, and Opportunities
  • Zinc Ingot News and Recent developments
  • Global Event Analysis
  • List of Key Players

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
  • Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
  • North America: United States and Canada
  • Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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