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Zinc Oxide Price Trend and Forecast

UNSPC code: 11181510
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026

zinc oxide Price Trends by Country

inIndia
aeUnited Arab Emirates
vnVietnam
cnChina

zinc oxide Pricing Trends in India: 

  • Northern India zinc oxide market price trend
  • Southern India zinc oxide market price trend
  • Central India zinc oxide market price trend

Global zinc oxide Price Trend, Analysis and Forecast​

According PriceWatch, During Q2 2025, Zinc Oxide 99.5% price trend in India edged down slightly by 0.62% on a quarter-on-quarter basis reflecting a largely stable but mildly bearish market tone. April opened with steady pricing as demand from the rubber and coatings sectors held firm supported by ongoing manufacturing activity. However, as the quarter progressed, downstream procurement softened slightly, with buyers adopting a wait-and-see approach amid adequate inventory levels.

Feedstock Zinc Ingot prices remained stable to slightly soft, easing cost pressures on producers. Domestic supply conditions remained balanced, with no major disruptions. By the end of June 2025, Zinc Oxide prices at Ex-Kolkata were assessed marginally lower, signaling a subdued yet orderly market adjustment. Track real time zinc ingot price trend analysis.

Zinc Oxide Price Trend Analysis: Q2 2025

In Q2 2025, according to PriceWatch, Zinc Oxide prices in China declined by 3.91%, marking another quarter of softness amid persistent demand-side challenges. Rubber, ceramics, and electronics sectors showed no significant recovery while inventories remained sufficient to meet ongoing needs. Zinc metal prices were stable but not strong enough to offset weak downstream activity. Improved logistics and steady domestic supply conditions further weighed on sentiment, keeping the market muted and buyer-driven through the quarter.

Zinc Oxide Price Trend Analysis: Q1 2025

In Q1 2025, prices dropped by 6.37%, as post-holiday demand slumped and buyers refrained from aggressive restocking. Downstream sectors, especially in rubber and glass manufacturing, adopted a wait-and-see approach amid macroeconomic uncertainty. Meanwhile, healthy output from key smelters and steady raw material availability ensured a well-supplied market. Although energy and freight rates remained largely stable, soft consumption kept pricing on a clearly corrective path.

Zinc Oxide Price Trend Analysis: Q4 2024

In Q4 2024, China’s Zinc Oxide prices rose by 6.47%, driven by festive-season restocking and improved demand from ceramics and battery manufacturers. Stronger offtake, combined with higher zinc metal costs and rising energy prices, tightened producer margins and lifted spot offers. Freight conditions remained constrained, further inflating delivered costs. Despite stable plant operations, the quarter closed with a firmer and somewhat volatile pricing environment as traders positioned ahead of the year-end.

Zinc Oxide Price Trend Analysis: Q3 2024

In Q3 2024, prices rebounded by 2.33%, supported by modest restocking from the rubber and electronics sectors ahead of the holiday manufacturing cycle. A slight uptick in zinc metal values, alongside tighter freight capacity and higher inland transport rates, added some cost-side pressure. While domestic production continued uninterrupted, export demand from Southeast Asia and the Middle East showed signs of life, lending a mildly constructive tone to the market, though gains remained measured.

Zinc Oxide Price Trend Analysis: Q2 2024

In Q2 2024, prices fell a further 3.18%, as sluggish demand persisted in traditional consumption sectors like tires, glass, and varistors. Producers operated steadily, and a lack of major maintenance shutdowns ensured uninterrupted supply. Despite seasonal construction activity, downstream consumption failed to gain momentum, while steady raw material input costs prevented any cost-led support. The market remained under mild downward pressure as balanced supply and lukewarm demand shaped trading sentiment.

Zinc Oxide Price Trend Analysis: Q1 2024

In Q1 2024, China’s Zinc Oxide prices declined by 3.82%, as weak demand from the rubber and ceramic sectors weighed on offtake, with buyers delaying fresh purchases amid inventory carryovers from late 2023. While feedstock zinc metal prices showed signs of stability, domestic output from key producers remained healthy, resulting in adequate availability and limited upward pricing traction. Overall, the market tone stayed subdued throughout the quarter, with spot negotiations favoring buyers.

India zinc oxide Price Trend, Analysis and Forecast

Zinc Oxide Price Trend Analysis: Q1 2025

In Q1 2025, Zinc Oxide prices in India followed a mixed pattern, rising in January, dipping in February, and then increasing again in March. The initial price increase in January was fueled by higher demand from the rubber and coatings industries, which saw strong production and industrial activity. In February, prices softened slightly as supply conditions improved and demand temporarily eased.

However, by March, as the market regained momentum and restocking efforts intensified, Zinc Oxide prices climbed back up. After the conclusion of March 2025, Zinc Oxide 99.5% prices were assessed at USD 2608 per MT Ex-Kolkata.

Zinc Oxide Price Trend Analysis: Q2 2025

During Q2 2025, Zinc Oxide 99.5% prices in India edged down slightly by 0.62% on a quarter-on-quarter basis, reflecting a largely stable but mildly bearish market tone. April opened with steady pricing as demand from the rubber and coatings sectors held firm, supported by ongoing manufacturing activity. However, as the quarter progressed, downstream procurement softened slightly, with buyers adopting a wait-and-see approach amid adequate inventory levels.

Feedstock Zinc Ingot prices remained stable to slightly soft, easing cost pressures on producers. Domestic supply conditions remained balanced, with no major disruptions. By the end of June 2025, Zinc Oxide prices at Ex-Kolkata were assessed marginally lower, signaling a subdued yet orderly market adjustment.

Zinc Oxide Price Trend Analysis: Q1 2024

During the first quarter of 2024, Zinc Oxide 99.5% prices in India began on a strong note, with notable increases observed in January and February, followed by a moderation in March. The initial price surge was primarily driven by robust demand from downstream sectors such as rubber and coatings, bolstered by active manufacturing and inventory replenishment.

Limited domestic supply conditions further contributed to the bullish trend. The cost of Feedstock Zinc Ingot, the primary raw material, remained elevated through the first two months, adding upward pressure on production expenses.

However, as feedstock prices declined in March and supply conditions stabilized, market dynamics shifted, resulting in a price correction by quarter-end. After the conclusion of March 2024, Zinc Oxide prices were assessed at USD 2191 per MT Ex-Kolkata.

Zinc Oxide Price Trend Analysis: Q2 2024

In Q2 2024, Zinc Oxide prices in India remained relatively stable in April before experiencing an upward shift in the subsequent months. The price increase was primarily driven by strong demand from the rubber and industrial coatings industries, which stayed active due to higher production levels and favorable weather conditions that supported operations.

Moreover, limited availability of imports and slight delays in domestic deliveries created moderate supply constraints. The cost of Feedstock: Zinc Ingot also rose during the quarter, contributing to increased production costs for Zinc Oxide.

These combined factors led to a gradual price hike throughout the quarter. After the conclusion of Jun 2024, Zinc Oxide 99.5% prices were assessed at USD 2441 per MT Ex-Kolkata.

Zinc Oxide Price Trend Analysis: Q3 2024

In Q3 2024, Zinc Oxide prices in India experienced some fluctuation, starting with an increase in July, followed by a dip in August, before rising again in September. The initial price hike in July was driven by consistent demand from the rubber and coatings industries, alongside tight supply chains.

However, in August, prices softened slightly as supply conditions improved and some demand factors stabilized. Feedstock Zinc prices remained volatile throughout the quarter, impacting production costs. After the conclusion of Sep 2024, Zinc Oxide prices were assessed at USD 2515 per MT Ex-Kolkata.

Zinc Oxide Price Trend Analysis: Q4 2024

In Q4 2024, Zinc Oxide prices in India showed a mixed trend where prices displayed a downward trend in October and November, before rebounding in December 2024. The early decline was largely attributed to weaker demand from the rubber and coatings industries, as some manufacturers scaled back production due to year-end factors.

Supply was more balanced during these months, and Feedstock Zinc prices also softened, easing production costs. After the conclusion of Dec 2024, Zinc Oxide prices were assessed at USD 2551 per MT Ex-Kolkata.

Global zinc oxide Supply Chain

Upstream
  • Zinc
Downstream
  • Rubber
  • Ceramics
  • Pharmaceuticals
Major supplying countries
  • India
  • Mexico
  • Netherlands
  • Belgium
Major importing countries
  • United States
  • Germany
  • UAE
  • Vietnam

India zinc oxide Supply Chain

Upstream
  • Zinc
Downstream
  • Rubber
  • Ceramics
  • Pharmaceuticals
Major supplying countries
  • India
  • Mexico
  • Netherlands
  • Belgium
Major importing countries
  • United States
  • Germany
  • UAE
  • Vietnam

Technical Specifications of Zinc Oxide Price Trends

Molecular Weight[g/mol]

81.38

CAS No

1314-13-2

HS Code

28170010

Molecular Formula

ZnO
zinc oxide

Zinc Oxide (ZnO) is a versatile, white inorganic compound commonly used in various industries, including pharmaceuticals, cosmetics, and manufacturing. It is known for its excellent UV-blocking properties, making it a key ingredient in sunscreens, offering broad-spectrum protection against both UVA and UVB radiation. In the medical field, Zinc Oxide is used in topical ointments and creams for its skin-healing and anti-inflammatory benefits. It also plays a crucial role in the rubber and ceramics industries, enhancing durability and providing corrosion resistance. As an essential element in numerous applications, Zinc Oxide offers both functional and protective benefits, combining safety with efficacy. Its non-toxic, stable nature further contributes to its widespread use in consumer and industrial products.

Packaging Type

25 kg bag

Zinc Oxide Grades Covered

Zinc Oxide 99.5%

Incoterms Used

Ex-Kolkata, Ex-Kolkata Sea, Ex-Vadodara, Ex-Delhi, Ex-East India, Ex-West India, Ex-North India, FOB Hazira, CIF Cat Lai, CIF- Jebel Ali.

Synonym

Zinc white, calamine, philosopher's wool, Chinese white, flowers of zinc.

PriceWatch Quotation Terms:

25-30 MT

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.

Test Parameters  Specifications 
Zinc Oxide Content as ZnO (dry basis)  99.5% Min. 
Colour & Appearance  White Powder 
Volatile Matters on dry basis  0.10% Max. 
LOI @850 ºC  0.20% Max. 
Insoluble in Dil HCI acid  0.040% Max. 
Lead Content as Pb  0.05% Max. 
Iron Content as Fe  0.005% Max. 
Cadmium Content as Cd  0.001% Max. 
Total Sulphur Content  Nil 
Specific Gravity  5.6 
Bulk Density (tapped)  0.75 gm/cc 
Surface Area (BET)  4 – 6 m2/gm 
Residue on 350 mesh (wet Sieving)  0.10% 

Zinc Oxide Industrial Applications

Zinc oxide stands out as a multifunctional material with critical roles across diverse sectors. In ceramics, it boosts durability and thermal resistance; in chemicals, it enhances the performance of rubber and plastics. Its pharmaceutical value lies in healing and antibacterial properties, while in agriculture, it acts as a vital micronutrient. Personal care products use it for UV protection and skin relief, and in construction, it strengthens concrete and coatings. These varied uses highlight zinc oxide’s adaptability and essential role in driving innovation and quality across both industrial and consumer markets.

Historically, several events have caused significant fluctuations in Zinc Oxide prices

Persistent Supply Chain Issues (2022): Supply chain disruptions continued to impact the availability of raw materials and the transportation of finished products. Geopolitical tensions and trade disputes further exacerbated supply chain challenges and increased uncertainty in the market. Rising inflation rates globally added to the cost pressures faced by manufacturers, leading to higher production costs and, consequently, higher Zinc Oxide prices.

Supply Chain Disruptions (2021): Continued supply chain bottlenecks, including logistical challenges and port congestion, impacted the availability of raw materials and finished products. Increased energy costs, particularly for electricity and natural gas, added to production costs, putting upward pressure on prices. As global economies recovered, demand for Zinc Oxide from various industries, such as automotive and construction, surged, further contributing to price increases.

COVID-19 Pandemic (2020): The outbreak of the COVID-19 pandemic led to significant disruptions in global supply chains, impacting raw material availability and production. As industries slowed down due to lockdowns and economic uncertainty, demand for Zinc Oxide decreased, leading to a decline in prices. Towards the end of the year, as economies started to reopen, demand for Zinc Oxide began to recover, stabilizing prices.

These events underscore the Zinc Oxide market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global zinc oxide price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the zinc oxide market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence zinc oxide prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely zinc oxide market data.

Track PriceWatch's zinc oxide price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Zinc Oxide production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Zinc Oxide supply chain, from raw material availability to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Zinc Oxide prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Zinc Oxide production facilities, particularly in vulnerable regions like the APAC coasts. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging, to predict shifts in Zinc Oxide demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Zinc Oxide production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Zinc Oxide production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch provides an in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Zinc Oxide pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Zinc Oxide prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most-likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

 

 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Zinc Oxide pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

Molecular Weight[g/mol]

81.38

CAS No

1314-13-2

HS Code

28170010

Molecular Formula

ZnO
zinc oxide

Zinc Oxide (ZnO) is a versatile, white inorganic compound commonly used in various industries, including pharmaceuticals, cosmetics, and manufacturing. It is known for its excellent UV-blocking properties, making it a key ingredient in sunscreens, offering broad-spectrum protection against both UVA and UVB radiation. In the medical field, Zinc Oxide is used in topical ointments and creams for its skin-healing and anti-inflammatory benefits. It also plays a crucial role in the rubber and ceramics industries, enhancing durability and providing corrosion resistance. As an essential element in numerous applications, Zinc Oxide offers both functional and protective benefits, combining safety with efficacy. Its non-toxic, stable nature further contributes to its widespread use in consumer and industrial products.

Packaging Type

25 kg bag

Grades Covered

Zinc Oxide 99.5%

Incoterms Used

Ex-Kolkata, Ex-Kolkata Sea, Ex-Vadodara, Ex-Delhi, Ex-East India, Ex-West India, Ex-North India, FOB Hazira, CIF Cat Lai, CIF- Jebel Ali.

Synonym

Zinc white, calamine, philosopher's wool, Chinese white, flowers of zinc.

PriceWatch Quotation Terms:

25-30 MT

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.

Test Parameters  Specifications 
Zinc Oxide Content as ZnO (dry basis)  99.5% Min. 
Colour & Appearance  White Powder 
Volatile Matters on dry basis  0.10% Max. 
LOI @850 ºC  0.20% Max. 
Insoluble in Dil HCI acid  0.040% Max. 
Lead Content as Pb  0.05% Max. 
Iron Content as Fe  0.005% Max. 
Cadmium Content as Cd  0.001% Max. 
Total Sulphur Content  Nil 
Specific Gravity  5.6 
Bulk Density (tapped)  0.75 gm/cc 
Surface Area (BET)  4 – 6 m2/gm 
Residue on 350 mesh (wet Sieving)  0.10% 

Applications

Zinc oxide stands out as a multifunctional material with critical roles across diverse sectors. In ceramics, it boosts durability and thermal resistance; in chemicals, it enhances the performance of rubber and plastics. Its pharmaceutical value lies in healing and antibacterial properties, while in agriculture, it acts as a vital micronutrient. Personal care products use it for UV protection and skin relief, and in construction, it strengthens concrete and coatings. These varied uses highlight zinc oxide’s adaptability and essential role in driving innovation and quality across both industrial and consumer markets.

Zinc Oxide Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for zinc oxide. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Zinc oxide pricing is shaped by a blend of technical, geographic, and economic factors. Grade and purity play a key role higher-grade material with minimal impurities typically commands a premium, especially for high-spec applications. Particle size also matters; finer, more uniform particles are often preferred in specialized industries like pharmaceuticals and electronics, influencing price upward. Supply dynamics are geographically dependent regions rich in zinc resources or with efficient production infrastructure tend to offer more competitive pricing. Market demand shifts with industrial activity, particularly in sectors like construction, chemicals, and energy. Finally, broader economic conditions including inflation, currency fluctuations, and trade policies add another layer of volatility, making zinc oxide a commodity sensitive to both micro and macro-level forces.

Effective negotiation is key to securing favorable zinc oxide prices, and a strategic approach can make a significant difference. Start by researching current market prices to establish a solid baseline this knowledge gives you a stronger position at the negotiating table. If you’re purchasing in large volumes, use that scale as leverage to request better rates. It’s also wise to explore alternative suppliers; having multiple options increases your bargaining power. Long-term contracts can offer pricing stability and potential discounts, while negotiating favorable payment terms such as early payment discounts or extended credit can improve your financial flexibility. Lastly, always assess supplier reliability, including their quality control and delivery performance, to ensure overall value beyond just price.

The zinc oxide market is undergoing dynamic changes, with several emerging trends poised to shape future pricing. Construction activity remains a key driver expanding infrastructure and residential development are expected to boost demand, potentially pushing prices upward. Similarly, increased oil and gas exploration could heighten the use of zinc oxide in drilling fluids, adding further pressure on supply. Industrial diversification, with new applications in rubber, plastics, and coatings, is also expanding the demand base. On the supply side, technological advancements in extraction and processing could enhance efficiency and potentially stabilize or reduce costs. However, stricter environmental regulations may increase production expenses, contributing to upward price pressure. Meanwhile, market competition plays a balancing role greater competition could temper price increases, while consolidation may tighten supply and elevate prices. Together, these trends underscore a market in transition, where both demand-side and supply-side forces will dictate the pricing trajectory.

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