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India
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United KingdomQ1 2025:
In Q1 2025, the zinc ingot market saw a price decline of $3,496 per metric ton, Ex Shanghai representing a 1.35% drop. This decrease suggests a relatively high starting price point, with the percentage drop indicating a gradual correction rather than a sharp fall. The price movement may be attributed to softening demand from major zinc-consuming industries such as construction and galvanization, alongside a slight oversupply due to ramped-up production in countries like China and Peru. Additionally, global economic uncertainty and cautious industrial activity likely influenced market sentiment. Despite the dip, the relatively modest percentage suggests the market remains fundamentally stable, though it is adjusting to evolving supply-demand dynamics.
Q4 2024:
In Q4 2024, the global Zinc Ingot market experienced an upward trend in key regions, driven by increased demand from construction, automotive, and galvanization sectors. In China, robust industrial activity and infrastructure projects fueled a significant rise in zinc consumption, complemented by government initiatives to boost manufacturing output. Similarly, the United States observed an increase in zinc prices, supported by steady growth in the automotive and housing sectors alongside a focus on modernizing aging infrastructure. Meanwhile, in the United Kingdom, zinc demand surged, driven by sustainable construction practices and recovery in industrial activities post-Brexit-related economic stabilization. Collectively, these factors contributed to the overall bullish sentiment in the global Zinc Ingot market during this period.
Q3 2024:
In Q3 2024, the global Zinc Ingot market witnessed an upward trend across key regions, driven by robust demand and supply chain dynamics. In China, the increase was fueled by strong industrial activity and infrastructure investments, with rising demand from the construction and automotive sectors. Similarly, India experienced a surge in Zinc Ingot consumption due to expanding manufacturing activities, particularly in galvanized steel production, supported by government-led infrastructure projects. In the USA, growth was attributed to increased construction and renewable energy projects, which spurred demand for corrosion-resistant materials. The United Kingdom also observed an uptick, driven by the recovery of industrial production and demand from the automotive and construction sectors. Collectively, these regional trends underscored a global increase in Zinc Ingot demand, reflecting the material’s critical role in industrial and infrastructural advancements.
Q2 2024:
In Quarter 2 of 2024, the global Zinc Ingot market experienced an upward price trend across key regions due to robust industrial demand and tight supply dynamics. In China, increased downstream demand from the galvanizing and alloy sectors, coupled with supply constraints caused by environmental inspections, drove prices upward. The United States saw price hikes fueled by a rebound in manufacturing activities, especially in the automotive and construction sectors, alongside reduced domestic production due to temporary smelter shutdowns. Meanwhile, in the United Kingdom, the ongoing recovery in industrial production and higher energy costs affecting smelting operations pushed Zinc Ingot prices higher. Collectively, these regional trends underscored the growing demand for Zinc Ingots, reflecting broader global economic recovery and supply-side constraints in the market.
Q1 2024:
In Q1 2024, the global Zinc Ingot market exhibited a significant downward trend, with key regions like China, USA, and the United Kingdom all experiencing declining prices. In China, the decrease was primarily driven by sluggish demand from the construction and manufacturing sectors, alongside increased domestic inventories due to reduced exports. In the USA, a drop-in industrial activity and cautious procurement strategies amid economic uncertainties contributed to weaker zinc prices. The United Kingdom faced a similar trend, with a contraction in industrial output and high energy costs further dampening market sentiment. Collectively, these regions reflected a global zinc market under pressure from subdued demand, oversupply, and economic headwinds.
Q1 2025:
In the first quarter of 2025, India’s zinc ingot market saw a price decrease of ₹3,456 per metric ton, FOB Mumbai reflecting a 5.12% drop amid rising domestic production and subdued demand growth. This decline was largely attributed to increased output from key Indian smelters, particularly Hindustan Zinc, which ramped up production to capitalize on earlier global price peaks. Despite stable demand from infrastructure and galvanizing sectors, the market was weighed down by an oversupply situation and cautious purchasing behavior from downstream industries anticipating further price corrections. Additionally, lower import reliance due to strong local supply contributed to reduced pricing pressure. As a result, the Indian zinc market in Q1 2025 was marked by softer prices, stable but restrained demand, and an overall bearish sentiment, with expectations of continued moderation unless external shocks or policy changes alter the supply-demand balance.
Q4 2024:
In Q4 2024, the zinc ingot market in India showed a steady recovery, marked by a 4.74% price increase amounting to ₹3,643 per metric ton. On the supply side, a reduction in domestic output, reportedly down by over 6% year-on-year, contributed to a tighter market. Meanwhile, demand remained resilient, driven by infrastructure development and industrial activity, especially in sectors like construction and automotive manufacturing. Globally, supportive economic measures in key markets like China boosted investor confidence, adding to the bullish sentiment in the non-ferrous metals space. Additionally, geopolitical uncertainties and fluctuations in currency exchange rates added pressure on commodity pricing, reinforcing the rise in zinc prices. This combination of firm demand, constrained supply, and external macroeconomic influences positioned the zinc ingot sector in India for moderate but meaningful gains as the year concluded.
Q3 2024:
In the third quarter of 2024, India’s zinc ingot market saw a sharp increase in pricing, with rates climbing by ₹3,478 per metric ton, an 8.92% rise. This price movement reflected tightening domestic supply amid strong demand, particularly from the construction and automotive industries, both of which experienced heightened activity during the post-monsoon rebound. The quarter also witnessed improved global sentiment, with international zinc prices firming up due to constrained output from key producing regions. Domestically, operational efficiencies among producers like Hindustan Zinc contributed to better profit margins, despite fluctuating input costs. The blend of robust industrial demand, reduced cost of production, and external price pressures culminated in a buoyant market for zinc ingots in India during this period.
Q2 2024:
In Q2 2024, India’s zinc ingot market experienced a strong price rally, with rates climbing by ₹3,193 per metric ton, marking a notable 12.38% increase. This significant rise was fueled by a rebound in demand from infrastructure and automotive sectors, coinciding with seasonal recovery in construction activities. On the supply side, although production levels improved—especially from major players like Hindustan Zinc—logistics challenges and intermittent disruptions in raw material availability created temporary bottlenecks, tightening the market. Additionally, global zinc prices showed an upward trend, influenced by a firming dollar and geopolitical concerns, which translated into stronger domestic pricing. Overall, the quarter reflected a bullish sentiment in the zinc ingot segment, underpinned by a combination of industrial demand, strategic inventory management, and favorable pricing dynamics.
Q1 2024:
In the first quarter of 2024, India’s zinc ingot market experienced a decline in prices, with rates falling by ₹2,841 per metric ton, representing a 3.28% decrease. This downturn was influenced by several factors. Globally, zinc prices faced downward pressure due to increased production and narrowing market deficits. The International Lead and Zinc Study Group reported a narrowing of the global zinc market deficit, which contributed to easing price pressures. Domestically, while Hindustan Zinc Ltd. reported its highest-ever first-quarter mined and refined metal production, the increase in supply did not coincide with a corresponding rise in demand, leading to a softening of prices. Additionally, the broader economic environment, including concerns over global economic growth and excess supplies, further weighed on zinc prices. These combined factors led to a subdued zinc ingot market in India during Q1 2024.
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These events underscore the Zinc Ingot market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Zinc Ingot pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
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Molecular Formula
Zinc ingots are refined blocks of zinc metal, typically 99.95% pure or higher, used as a raw material in various industrial applications. These ingots are produced through smelting and refining processes and adhere to international standards such as ASTM B6 for purity and composition. They are commonly used in galvanization, alloy production (e.g., brass), die-casting, and chemical manufacturing.
Packaging Type
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Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property/Specification | Details |
| Chemical Symbol | Zn |
| Purity | 99.95% Min (Typical Grades: 99.95%, 99.99%) |
| Standard | ASTM B6, ISO 752, or as per customer requirement |
| Appearance | Metallic silver-gray |
| Density | 7.14 g/cm³ at 20°C |
| Melting Point | 419.5°C |
| Boiling Point | 907°C |
Applications
Galvanization
Zinc Die-Casting
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