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Zinc Oxide (ZNO) Price Trend and Forecast

UNSPC code: 11181510
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
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zinc oxide (zno) Price Trends by Country

inIndia
aeUnited Arab Emirates
vnVietnam
cnChina

Global zinc oxide (zno) Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Zinc Oxide (ZNO) across major global trading regions.

Zinc Oxide Regional Coverage Zinc Oxide Grade and Country Coverage Zinc Oxide Pricing Data Coverage Explanation
Asia-Pacific Zinc Oxide Pricing Analysis Zinc Oxide Purity 99.5% Ex-Kolkata Domestic Prices, India Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in Kolkata, India
Zinc Oxide Purity 99.5% Ex-Vadodara Domestic Prices, India Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in Vadodara, India
Zinc Oxide Purity 99.5% Ex-Delhi Domestic Prices, India Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in Delhi, India
Zinc Oxide Purity 99.5% Ex-East India Domestic Prices Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in East India
Zinc Oxide Purity 99.5% Ex-West India Domestic Prices Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in West India
Zinc Oxide Purity 99.5% Ex-North India Domestic Prices Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in North India
Zinc Oxide Purity 99.5% FOB Prices at Kolkata Sea Port, India Weekly Price Update on Zinc Oxide Real-Time Export Prices from Kolkata Sea Port, India to Global Markets
Zinc Oxide Purity 99.5% FOB Prices at Hazira Port, India Weekly Price Update on Zinc Oxide Real-Time Export Prices from Hazira Port, India to Global Markets
Zinc Oxide Purity 99.5% CIF Prices at Cat Lai Port, Vietnam, Importing from India Weekly Price Update on Zinc Oxide Real-Time Import Prices at Cat Lai Port, Vietnam from India
Weekly Price Update on Zinc Oxide Real-Time Domestic Prices in Shanghai, China
Middle East & Africa Zinc Oxide Pricing Analysis    Zinc Oxide Purity 99.5% CIF Prices at Jebel Ali Port, UAE, Importing from India Weekly Price Update on Zinc Oxide Real-Time Import Prices at Jebel Ali Port, UAE from India

Zinc Oxide Price Forecasts & Market Foresight Q3 2026

Outlook: Mildly Bullish

Confidence: High

Zinc Oxide prices are expected to maintain a mildly bullish trend during Q3 2026, supported by firm zinc metal prices, stable energy costs, and healthy demand across key downstream industries. Procurement from tire manufacturing, rubber products, paints, coatings, ceramics, pharmaceuticals, animal feed, and specialty chemicals is anticipated to remain resilient. Indian producers are likely to benefit from steady domestic consumption and consistent export inquiries, while Chinese markets may witness balanced supply supported by stable production rates.

Export opportunities to Vietnam and the United Arab Emirates are expected to remain favorable amid healthy regional demand and stable freight conditions. Overall, supportive raw material fundamentals and balanced market conditions are expected to sustain Zinc Oxide prices throughout the quarter.

Global Zinc Oxide Market Overview by Region (July–September 2026)

Country Grade / Incoterm Outlook
India Zinc Oxide Purity 99.5% Ex-Kolkata Mildly Bullish
India Zinc Oxide Purity 99.5% Ex-Vadodara Mildly Bullish
India Zinc Oxide Purity 99.5% Ex-Delhi Mildly Bullish
India Zinc Oxide Purity 99.5% Ex-East India Mildly Bullish
India Zinc Oxide Purity 99.5% Ex-West India Mildly Bullish
India Zinc Oxide Purity 99.5% Ex-North India Mildly Bullish
India Zinc Oxide Purity 99.5% FOB Kolkata Sea Bullish
India Zinc Oxide Purity 99.5% FOB Hazira Bullish
Vietnam Zinc Oxide Purity 99.5% CIF Cat Lai (INDIA) Mildly Bullish
United Arab Emirates Zinc Oxide Purity 99.5% CIF Jebel Ali (INDIA) Mildly Bullish
China Zinc Oxide Purity 99.7% Ex-Shanghai Stable to Mildly Bullish

*The Zinc Oxide Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Zinc Oxide Forecast

Access comprehensive Zinc Oxide market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Zinc Oxide Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in zinc metal prices, energy costs, producer operating rates, inventory levels, plant maintenance schedules, import-export activity, freight costs, downstream demand from rubber products, tires, paints, coatings, ceramics, pharmaceuticals, animal feed, and specialty chemicals, together with geopolitical developments influencing the global Zinc Oxide market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected zinc concentrate availability, supply-demand balances, feedstock economics, industrial production trends, macroeconomic indicators, trade policies, downstream consumption, seasonal demand patterns, and long-term supply chain developments to support procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates

  • Zinc metal and zinc concentrate feedstock economics
  • Plant operating rates and maintenance shutdowns
  • Inventory levels and supply-demand balance
  • Regional trade flows and freight movements
  • Import-export dynamics
  • Downstream demand from tires, rubber products, paints, coatings, ceramics, pharmaceuticals, animal feed, cosmetics, and specialty chemicals
  • Macroeconomic and geopolitical developments

 

Track Zinc Oxide Supply Disruptions in Real Time

As geopolitical risks and raw material developments continue to influence global specialty chemical markets, stay ahead of the events impacting Zinc Oxide pricing by monitoring smelter operating rates, plant maintenance, logistics bottlenecks, trade restrictions, shipping disruptions, force majeure declarations, and supply chain interruptions before they affect global Zinc Oxide markets.

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Zinc Oxide (ZNO) Price Trend Q2 2026

During Q2 2026, the global Zinc Oxide (ZNO) market recorded a firm upward trend as rising zinc metal prices, geopolitical tensions, and higher logistics costs strengthened pricing across major domestic and international markets. The USA-Israel vs. Iran conflict and the strategic threat to the Strait of Hormuz increased Crude Oil prices, freight rates, and marine insurance premiums, raising transportation and import replacement costs throughout the quarter.

Zinc smelters also faced higher energy expenses, supporting elevated production costs despite stable zinc ore availability. Demand from tyre manufacturing, rubber products, ceramics, chemicals, pharmaceuticals, paints, coatings, and specialty industrial applications remained healthy, encouraging steady procurement activity.

Export-oriented markets benefited from resilient overseas demand, while import-dependent regions experienced higher landed costs. The Zinc Oxide Price Chart reflected broad price gains across Asia and the Middle East, while the Zinc Oxide Price Index remained firmly positive through June 2026 as supply-demand fundamentals continued to support the market.

India: Zinc Oxide Prices Ex-Kolkata, India, Purity 99.5%

The Zinc Oxide Price Trend in India increased by around 15% during Q2 2026 as higher zinc metal prices significantly increased production costs for domestic manufacturers. Rising Crude Oil prices, coupled with the USA-Israel vs. Iran conflict and shipping uncertainty surrounding the Strait of Hormuz, elevated transportation costs across the supply chain, further strengthening domestic pricing.

Demand from tyre manufacturing, rubber compounding, ceramics, paints, coatings, chemicals, and pharmaceutical industries remained healthy, supporting consistent procurement despite higher prices. Producers maintained balanced operating rates while inventory levels remained well managed throughout the quarter.

The Zinc Oxide Price in India remained firmly supported by higher raw material costs, resilient downstream demand, and stable domestic supply. In June 2026, Zinc Oxide Prices in India continued to hold near quarterly highs despite gradually improving logistics conditions.

Vietnam: Zinc Oxide Imported Prices CIF Cat Lai from India, Purity 99.5%

The Zinc Oxide Price Trend in Vietnam increased by approximately 15% in Q2 2026 due to elevated export prices from India and rising shipping costs, which notably boosted import replacement expenses. The conflict between the USA-Israel and Iran, along with security issues in the Strait of Hormuz, raised marine insurance premiums and shipping expenses on regional trade routes, exerting ongoing upward pressure on landed costs.

Demand from tire production, rubber processing, ceramics, paints, coatings, and industrial chemicals stayed strong, prompting buyers to restock inventories despite high acquisition costs. Import availability from India stayed steady, but replacement costs kept increasing during the quarter.

The price of Zinc Oxide in Vietnam continued to be strongly upheld by increased landed expenses and stable demand from downstream sectors. In June 2026, zinc oxide prices in Vietnam remained steady at high levels as shipping conditions slowly enhanced.

UAE: Zinc Oxide Imported Prices CIF Jebel Ali from India, Purity 99.5%

The zinc oxide price trend in the UAE rose by roughly 15% in Q2 2026 due to increased export offers from India and higher freight charges that significantly raised import costs. Increasing Crude Oil prices, along with the USA-Israel versus Iran conflict and uncertainty in the Strait of Hormuz, heightened marine insurance rates and shipping expenses throughout Middle Eastern trade routes.

Demand for rubber products, tire production, ceramics, paints, coatings, chemicals, and industrial manufacturing sectors remained consistent, facilitating robust purchasing activity during the quarter. Importers diligently restocked their inventories to maintain a steady supply, even with increased replacement expenses.

The Zinc Oxide Price in the UAE stayed well-supported by high import costs, robust regional demand, and stable supply conditions. In June 2026, zinc oxide price in the UAE stayed consistently high as geopolitical risks slowly diminished.

China: Zinc Oxide Prices Ex Shanghai, China, Purity 99.7%

The Zinc Oxide Price Trend in China rose by approximately 3% in Q2 2026 as solid zinc metal prices offered steady cost support amid fairly stable domestic supply circumstances. Despite the heightened freight expenses and overall market unpredictability caused by the USA-Israel and Iran conflict, the effect on China’s internal Zinc Oxide market is minimal, owing to sufficient raw material supply and effective production processes.

Demand from tire manufacturers, rubber goods, ceramics, paints, coatings, chemicals, and specialized industrial applications remained stable, promoting regular purchasing during the quarter. Producers kept consistent operating levels as export demand stayed strong throughout Asian markets.

The Zinc Oxide Price in China stayed somewhat bolstered by increased zinc metal prices and stable supply-demand dynamics. In June 2026, Zinc Oxide Prices in China stayed stable, showing only slight increases relative to other regional markets.

Zinc Oxide (ZNO) Price Trend Analysis: Q1 2026

Zinc Oxide (ZNO) Price Trend Q1 2026

In Q1 2026, the global Zinc Oxide (ZNO) market showed a consistent upward trend across key regions, with prices increasing between 3.83% and 6.74% quarter-on-quarter. The bullish movement was primarily supported by firm zinc metal prices on global exchanges and steady demand from downstream sectors such as tyres, rubber products, ceramics, and chemicals.

Additionally, ongoing geopolitical tensions, including disruptions in Red Sea shipping routes and extended transit times, contributed to logistical uncertainties and fluctuating freight costs. Crude oil market volatility also impacted energy and production costs, indirectly influencing zinc smelting economics.

Overall, the market reflected firm demand fundamentals, balanced supply conditions, and steady procurement activity shaping pricing dynamics into early Q2 2026.

India: Zinc Oxide Prices; Ex-Kolkata, India; Purity 99.5%

In Q1 2026, Zinc Oxide prices in India showed a strong upward trend, supported by firm demand and rising raw material costs. The increase was driven by steady consumption from tyre manufacturing, rubber compounding, and ceramic industries across domestic markets. The Zinc Oxide price trend in India reflected tightening cost conditions, as higher zinc metal prices increased production expenses for manufacturers.

Producers maintained stable operating rates, while inventories remained balanced. Buyers continued steady procurement to support industrial production. In March 2026, Zinc Oxide prices in India increased by 6.71% under Ex-Kolkata, indicating a firm market environment.

Vietnam: Zinc Oxide Prices; CIF Cat Lai (INDIA); Purity 99.5%

In Q1 2026, Zinc Oxide prices in Vietnam showed a notable upward trend, supported by steady demand from rubber processing and tyre manufacturing sectors. The increase was driven by consistent procurement activity as manufacturers maintained stable production levels. The Zinc Oxide price trend in Vietnam reflected rising import costs from Indian suppliers, influenced by higher zinc metal prices.

Shipment availability from India remained stable, ensuring adequate supply. Logistics across regional shipping routes remained smooth. In March 2026, Zinc Oxide prices in Vietnam increased by 6.74% under CIF Cat Lai, indicating a firm market tone supported by strong downstream demand.

UAE: Zinc Oxide Prices; CIF Jebel Ali (INDIA); Purity 99.5%

In Q1 2026, Zinc Oxide prices in the UAE showed a moderate upward trend, supported by steady demand from rubber, ceramics, and chemical industries. The increase was driven by consistent procurement from industrial buyers and higher import costs from Indian suppliers. The Zinc Oxide price trend in the UAE reflected balanced supply conditions, with stable shipment volumes ensuring adequate availability.

Feedstock zinc metal prices remained firm, contributing to cost-side pressure. Freight conditions remained manageable despite broader shipping disruptions. In March 2026, Zinc Oxide prices in the UAE increased by 6.26% under CIF Jebel Ali, indicating a stable-to-firm market environment.

China: Zinc Oxide Prices; Ex Shanghai, China; Purity 99.7%

In Q1 2026, Zinc Oxide prices in China showed a moderate upward trend, supported by steady domestic demand and rising feedstock costs. The increase was driven by consistent consumption from rubber, tyre, and ceramic industries, along with firm zinc metal prices in global markets. The Zinc Oxide price trend in China reflected balanced supply conditions, with producers maintaining stable operating rates throughout the quarter.

Export interest from regional markets remained consistent but moderate. In March 2026, Zinc Oxide prices in China increased by 3.83% under Ex-Shanghai, indicating a stable-to-firm market tone.

Zinc Oxide (ZNO) Price Trend Analysis 2025

Zinc Oxide (ZNO) Price Trend 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.

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 (ZNO) Price Trend 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.

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 (ZNO) Price Trend Q3 2025

In Q3 2025, the global Zinc Oxide market exhibited a steady-to-firm trend, supported by consistent industrial demand across rubber, ceramics, coatings, and chemical sectors. Domestic production in India remained stable, while Chinese supply of higher-purity Zinc Oxide (99.7%) maintained moderate growth. Export markets such as Vietnam and the UAE contributed to sustained trade flows, with Zinc Oxide (ZNO) price trend movements ranging from 0.19% to 0.92%, reflecting balanced supply and resilient downstream consumption.

Raw material zinc costs remained relatively steady, helping moderate volatility. Overall, market fundamentals indicate a stable-to-slightly bullish trajectory heading into Q4 2025, driven by consistent procurement, controlled inventories, and seasonal demand recovery in key regions.

UAE: Zinc Oxide (ZNO) (99.5%) | CIF Jebel Ali (INDIA).

According to Price-Watchâ„¢ , in Q3 2025, Zinc Oxide prices in UAE recorded a notable upward movement, driven by strong demand from construction, coatings, and chemical sectors. Indian exporters supplied consistently under favourable freight conditions, while domestic distributors maintained measured procurement strategies to optimize inventory levels. The Zinc Oxide (ZNO) price trend in UAE reflected firm buying interest and stable feedstock zinc costs, supporting a sustained market tone.

In September 2025, Zinc Oxide (ZNO) prices under CIF Jebel Ali increased by 0.92%, marking one of the strongest regional gains of the quarter. Overall, fundamentals remained robust, and the market is expected to remain firm-to-bullish into Q4 2025 with continued balanced supply-demand dynamics.

India: Zinc Oxide (ZNO) (99.5%) | Ex-Kolkata.

In the third quarter of 2025, prices for Zinc Oxide in India experienced a small increase, largely due to steady industrial demand from rubber and ceramics as well as chemical applications. Local production by manufacturers remained moderate in line with a balanced inventory, while offtake remained consistent to downstream customers. The Zinc Oxide (ZNO) price trend in India largely reflected stable costs of the feedstock zinc supply, moderated logistics, and an absence of extreme low pricing activity, despite a few cautious purchasers.

In September 2025, Zinc Oxide prices under the Ex-Kolkata terms increased by 0.44%, consistent with a stable-to-slightly firm pricing tone. Overall, the inventory supply and demand fundamentals for the market remained balanced, given steady industrial demand, measured supply, and stable trading sentiment. Zinc oxide prices in India are projected to remain stable into the fourth quarter of 2025.

Vietnam: Zinc Oxide (ZNO) (99.5%) | CIF Cat Lai (INDIA).

In the third quarter of 2025, Vietnam’s Zinc Oxide prices experienced a slight increase, aided by consistent demand from the rubber, tire, and chemical industries. Importers, in search of the most reliable feedstock supply with the most favourable freight rate conditions, have primarily sourcing Zinc Oxide from India.

The Zinc Oxide (ZNO) price trend observed in Vietnam has been indicative of the measured replenishment of inventories and balanced trade flows, with downstream consumers staying cautious and refraining from exacerbating price volatility with higher consumption rates. The price for Zinc Oxide under CIF Cat Lai terms increased by 0.37% in September 2025, contributing to a stable-to-firm price tone.

China: Zinc Oxide (ZNO) Domestically trades prices in Ex-Shanghai, China, Grade: (99.7%).

According to Price-Watch, in Q3 2025, Zinc Oxide prices in China exhibited slight upward movement, influenced by cautious buying from electronics, rubber, and chemical industries. Domestic producers maintained stable production and inventories, while feedstock zinc costs held steady, limiting aggressive pricing.

The Zinc Oxide price trend in China reflected moderate trade activity, balanced supply-demand dynamics, and controlled logistical conditions, preventing sharp price swings. In September 2025, Zinc Oxide prices under Ex-Shanghai increased by 0.19%, indicating a steady-to-firm market tone in ceramics industry as well the rubber industry.

Zinc Oxide (ZNO) Price Trend Q4 2025

In Q4 2025, the global Zinc Oxide (ZNO) market showed a firm upward trend across key regions, supported by rising feedstock costs and steady downstream demand. Prices increased across both domestic and export markets, with stronger gains observed in India compared to other regions. Demand from tyre manufacturing, rubber processing, ceramics, and chemical industries remained stable, sustaining procurement activity.

Feedstock zinc metal prices on global exchanges exhibited upward momentum, increasing production costs for manufacturers. Producers maintained steady operating rates, ensuring balanced supply availability. Overall, the market reflected firm fundamentals with continued price support expected into early Q1 2026.

India: Zinc Oxide Prices; Ex-Kolkata, India; Purity 99.5%

In Q4 2025, Zinc Oxide prices in India showed a strong upward trend, driven by robust demand from tyre manufacturing, rubber compounding, and ceramic industries. The Zinc Oxide price trend in India reflected firm market conditions, supported by rising zinc metal feedstock costs and steady industrial consumption across eastern regions. Producers maintained stable operating rates, while inventory levels remained balanced.

Buyers continued consistent procurement to support downstream production. Logistics within domestic markets remained smooth. In December 2025, Zinc Oxide prices in India increased by 8.33% under Ex-Kolkata, indicating a strongly bullish market environment.

Vietnam: Zinc Oxide Prices; CIF Cat Lai (INDIA); Purity 99.5%

In Q4 2025, Zinc Oxide prices in Vietnam showed a significant upward trend, supported by steady demand from rubber processing and tyre manufacturing industries. Importers maintained regular procurement to sustain production activity. The Zinc Oxide price trend in Vietnam reflected strong cost-driven increases, influenced by rising zinc metal prices in global markets.

Indian exporters continued supplying consistent shipment volumes throughout the quarter. Freight conditions across regional shipping routes remained stable. In December 2025, Zinc Oxide prices in Vietnam increased by 7.97% under CIF Cat Lai, reflecting a firmly bullish market tone.

United Arab Emirates: Zinc Oxide Prices; CIF Jebel Ali (INDIA); Purity 99.5%

In Q4 2025, Zinc Oxide prices in the UAE showed a moderate upward trend, driven by steady demand from rubber, ceramics, and chemical industries. Buyers maintained consistent procurement volumes to support manufacturing activity. The Zinc Oxide price trend in the UAE reflected cost-side pressure from rising zinc metal prices, which increased export pricing from Indian suppliers.

Supply availability remained stable with consistent shipment flows. Logistics between India and the Middle East remained efficient. In December 2025, Zinc Oxide prices in the UAE increased by 6.57% under CIF Jebel Ali, indicating a firm market environment.

China: Zinc Oxide Prices; Ex Shanghai, China; Purity 99.7%

In Q4 2025, Zinc Oxide prices in China showed a slight upward trend, supported by stable demand from rubber, tyre, and ceramic industries. Domestic production rates remained steady, ensuring balanced supply availability throughout the quarter. The Zinc Oxide price trend in China reflected moderate cost support from rising zinc metal prices, though demand remained steady rather than strong.

Export interest from regional Asian markets continued at a consistent pace. Feedstock dynamics remained supportive but not highly volatile. In December 2025, Zinc Oxide prices in China increased by 2.04% under Ex Shanghai, indicating a stable-to-firm market tone.

Zinc Oxide (ZNO) Price Trend 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.

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 (ZNO) Price Trend 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.

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 (ZNO) Price Trend 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.

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 (ZNO) Price Trend 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.

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.

Technical Specifications of Zinc Oxide (zno) Price Trends

Product Description

Zinc Oxide (ZNO) is a multifunctional inorganic compound widely utilized across various industrial applications. It provides excellent opacity, strong UV shielding, and high chemical stability, making it a durable and cost-effective material for use in rubber, ceramics, coatings, and cosmetics. Its performance characteristics can be optimized through particle size control and surface treatment, offering enhanced reactivity, dispersion, and durability for applications requiring strength, protection, and long-lasting performance.

Identifiers and Classification:

  • CAS No – 1314-13-2
  • HS Code – 28170010
  • Molecular Formula – ZnO
  • Molecular Weight (in gm/mol) – 81.38


Zinc Oxide Synonyms:

  • Zinc white
  • Calamine
  • Philosopher’s wool
  • Chinese white
  • Flowers of zinc


Zinc Oxide (ZNO) Grades Specific Price Assessment:

  • Zinc Oxide Industrial Grade (99.5%) Grade Price Trend
  • Zinc Oxide Industrial Grade (99.7%) Grade Price Trend


Zinc Oxide (ZNO) Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT
  • Packaging Type (Product & Country Specific): 25 Kg Bag


Incoterms Referenced in ZnO Price Reporting

Shipping Term  Location  Definition 
Ex-Kolkata  Kolkata, India  Domestically Traded ZnO price in Kolkata 
Ex-Vadodara  Vadodara, India  Domestically Traded ZnO price in Vadodara 
Ex-Delhi  Delhi, India  Domestically Traded ZnO price in Delhi 
Ex-East India  East India  Domestically Traded ZnO price in East India 
Ex-West India  West India  Domestically Traded ZnO price in West India 
Ex-North India  North India  Domestically Traded ZnO price in North India 
FOB Kolkata Sea  Kolkata, India  ZnO Export price from India 
FOB Hazira  Hazira, India  ZnO Export price from India 
CIF Cat Lai (INDIA)  Cat Kai, Vietnam  ZnO import price in Vietnam from India 
CIF Jebel Ali (INDIA)  Jebel Ali, UAE  ZnO import price in UAE from India 
Ex Shanghai  Shanghai, China  Domestically Traded ZnO price in China 

*Quotation Terms refers to the quantity range specified for the ZnO being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for ZnO packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Zinc Oxide (ZNO) Manufacturers

Manufacturer 
JG Chemicals, Kolkata, India 
Silox India, Vadodara, India 
Coastal Zinc Group, China 

Zinc Oxide (zno) Industrial Applications

zinc oxide market share end use

Historically, several events have caused significant fluctuations in Zinc Oxide (zno) 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 Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global zinc oxide (zno) 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 (zno) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

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

Track Price Watch'sâ„¢ zinc oxide (zno) 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.

Zinc Oxide (zno) Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

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.

The largest consumers of Zinc Oxide are tyre and rubber manufacturers, where it is used as a critical additive in vulcanization processes. This is followed by ceramics producers, paints and coatings manufacturers, and chemical industries.

Additional demand comes from pharmaceuticals, cosmetics, and agricultural chemicals. Industrial rubber products such as hoses, belts, and footwear also consume significant volumes. Infrastructure development and automotive production strongly influence ZnO demand. Price Watchâ„¢ analyzes consumption patterns across these industries.

Zinc Oxide is produced primarily from zinc metal or zinc ores through processes such as the indirect (FRENCH) process and direct (AMERICAN) process. The indirect process involves vaporizing zinc metal and oxidizing it to form ZnO, while the direct process uses zinc ores.

Production facilities are typically located near zinc smelting operations. Major production hubs include China, India, Europe, and the United States. The process is energy-intensive and closely linked to zinc mining and refining activities, making feedstock availability a key determinant of supply.

China is the largest exporter of Zinc Oxide globally due to its extensive production capacity and cost competitiveness. India is also a significant exporter, supplying markets in Southeast Asia, the Middle East, and Africa. European producers cater to high-purity and specialty applications.

Export volumes fluctuate based on domestic demand, zinc metal prices, and global trade conditions. Import-dependent regions rely on Asian suppliers for consistent supply. Price Watchâ„¢ tracks export flows to help businesses understand sourcing opportunities.

Global supply of Zinc Oxide is generally balanced, supported by strong production capacity in major zinc-producing regions. However, supply disruptions can occur due to fluctuations in zinc mining output, environmental regulations, or plant shutdowns. Strong demand from tyre and rubber industries can tighten supply during peak periods.

Conversely, weaker industrial activity can lead to surplus conditions. Price Watchâ„¢ monitors these supply-demand dynamics to identify potential market imbalances.

Zinc Oxide is available in different grades based on purity, particle size, and application requirements. Standard industrial grades (e.g., 99–99.5%) are widely used in rubber and ceramics, while higher purity grades are used in pharmaceuticals, cosmetics, and electronics.

Variations in manufacturing processes and quality specifications influence pricing. Specialty grades with finer particle sizes or specific surface treatments command premium prices. Price Watchâ„¢ provides pricing insights across different grades.

When demand rises sharply, particularly from tyre manufacturing or construction sectors, ZnO prices typically increase due to tighter supply availability. Producers may prioritize long-term contracts, while spot buyers face higher prices and limited supply. Since production depends on zinc metal availability, supply cannot be rapidly expanded. This leads to short-term price spikes and increased procurement competition. Price Watchâ„¢ captures these market shifts in real time.

Energy plays a significant role in Zinc Oxide production, particularly in processes involving high-temperature oxidation. Rising costs of electricity, natural gas, and fuel increase production expenses, which are passed on to buyers. Zinc smelting itself is energy-intensive, making ZnO pricing indirectly linked to energy markets. Regions with lower energy costs typically have more competitive pricing. Price Watchâ„¢ analyzes these cost correlations.

Zinc Oxide prices vary across regions due to differences in zinc metal costs, production capacity, energy prices, logistics expenses, and import dependency. Regions with strong zinc mining and smelting industries tend to have lower prices. Import-dependent markets face higher costs due to freight and duties. Currency fluctuations and trade policies also influence regional pricing. Price Watchâ„¢ tracks these differences globally.

The ZnO market outlook depends on zinc metal price trends, energy costs, and demand from tyre, rubber, and ceramics industries. Capacity expansions, environmental regulations, and mining output also influence pricing. Seasonal demand in automotive and construction sectors further shapes the market. Price Watchâ„¢ provides detailed forecasts based on supply-demand analysis.

Yes. Accurate forecasts allow businesses to optimize procurement timing, manage costs, and negotiate contracts effectively. Anticipating price increases helps secure inventory early, while expected declines enable delayed purchasing. This improves budgeting and reduces risk. Price Watchâ„¢ provides actionable insights.

Global events such as mining disruptions, environmental regulations, trade restrictions, or energy price spikes can significantly impact ZnO supply and pricing. Changes in industrial demand and logistics conditions also influence market dynamics. Price Watchâ„¢ provides timely updates on such developments.

Price Watchâ„¢ provides accurate global price assessments, market insights, and forecasts with comprehensive coverage of the Zinc Oxide market.

Access Real-Time Zinc Oxide (ZNO) Price Trends
Access Real-Time Zinc Oxide (ZNO) Price Trends