Zinc Ingot Price in Japan
- Japan: 2733 USD/MT (Zinc Ingot (SHG-99% Pure))
In December 2023, the cost of zinc ingot in Japan peaked at $2733 per metric ton for the fourth quarter. The Japanese market maintained its steady trajectory, buoyed by strong demand from downstream industries, despite the fluctuating global economic landscape influencing prices.
The latest report by IMARC Group, titled "Zinc Ingot Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of zinc ingot price trend. This report delves into the price of zinc ingot globally, presenting a detailed analysis, along with informative zinc ingot price chart. Through comprehensive zinc ingot price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the zinc ingot demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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 global zinc ingot market is experiencing a dynamic phase, primarily driven by a confluence of supply constraints and robust industrial demand. As mining outputs dwindle, particularly in key zinc-producing regions, the market faces tightening supply conditions. This reduction in production not only limits availability but also propels prices upwards as manufacturers scramble to secure necessary raw materials for production processes. Concurrently, industrial demand for zinc, especially from sectors such as construction and automotive, remains strong. This demand is particularly pronounced in emerging economies where infrastructure development and manufacturing activities are accelerating. Furthermore, macroeconomic factors like interest rate adjustments by central banks influence market sentiment, impacting commodity prices, including zinc ingots. As financial markets anticipate these changes, investments in base metals like zinc fluctuate, adding another layer of complexity to market dynamics. The interplay between reduced supply and sustained demand, alongside economic policies and global market conditions, is shaping the trajectory of the zinc ingot market, pushing it towards an upward pricing trend.
Zinc Ingot Market Analysis
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 North America, the zinc ingot market witnessed an upward pricing trajectory throughout the first quarter of 2024. The region's market dynamics were influenced by a decrease in mining and production rates, which constricted supply and heightened competition among buyers. Despite challenges in the automotive sector, increased demand from other industrial sectors buoyed the market. Additionally, market sentiment was affected by the anticipation of monetary policy adjustments, which led to speculative trading behaviors. Seasonal variations and geopolitical tensions also played minor roles, contributing to price volatility within the quarter. The combination of these factors ensured a generally positive yet fluctuating pricing environment in the North American zinc ingot market.
The Asia-Pacific region displayed a largely stable but volatile pricing environment for zinc ingots. Japan, in particular, experienced significant fluctuations due to reduced demand from the automotive industry and broader economic uncertainties. These challenges were compounded by geopolitical concerns, which made buyers more cautious, impacting demand negatively. Seasonal trends also influenced the market, with the first half of the quarter seeing lower prices, which slightly recovered towards the end. Overall, the market in the Asia-Pacific was marked by a negative trend with pockets of stability and slight recovery influenced by adjustments in production and inventory management.
Europe's zinc ingot market faced a downturn in the first quarter of 2024, particularly in Germany, where the impact was most pronounced. The primary factors driving this trend were a slowdown in production and a surplus supply exacerbated by diminished demand from downstream sectors. The broader European economy's downturn further dampened the market sentiment, leading to continuous price declines. Seasonal impacts were minimal but contributed to slight fluctuations in pricing between the halves of the quarter. Overall, the market environment in Europe remained negative and stable, with significant declines from previous periods, reflecting persistent challenges in the regional zinc ingot sector.
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
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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