Zinc Prices chart during the second quarter of 2023 | ChemAnalyst

Chemanalyst14 Sep, 2023Business

The Zinc Powder market in North America exhibited a stagnant price trend during the second quarter of 2023. Between April and June, CFR California prices experienced a modest decline, slipping from $4280 per metric tonne to $4250 per metric tonne, marking a -0.7% decrease over the quarter. The United States market commenced the second quarter on a positive note as the economy improved, highlighted by a nearly 5% drop in the inflation rate, reaching its lowest level in two years. However, economic statistics still indicated a substantial slowdown in the second half of 2023. Lower demand for pharmaceutical-grade Zinc Powder was observed in the USA as downstream nutraceutical and pharmaceutical companies increased their inventories.