Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States - 2024

Contents:

1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States (CIF) - 2024
2. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States (FOB) - 2022
3. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States
4. Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States (CIF) - 2024

In December 2023, the average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $3,013 per ton, leveling off at the previous month. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 4.2% month-to-month. The import price peaked at $3,559 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Canada ($3,152 per ton) and South Korea ($2,785 per ton), while the price for Mexico ($2,498 per ton) and Peru ($2,600 per ton) were amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (-1.6%), while the prices for the other major suppliers experienced a decline.

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States (FOB) - 2022

In 2022, the average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $2,967 per ton, growing by 9.3% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2014 an increase of 150%. The export price peaked at $2,976 per ton in 2015; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($5,993 per ton), while the average price for exports to Thailand ($1,400 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States

In 2022, the amount of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs imported into the United States reduced dramatically to 245K tons, falling by -15.6% on the previous year's figure. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.7% against the previous year. As a result, imports reached the peak of 290K tons, and then contracted remarkably in the following year.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs expanded modestly to $906M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to the United States in 2022:

1. Canada (175.7K tons)
2. Mexico (50.2K tons)
3. Peru (18.5K tons)

Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United States

For the third consecutive year, the United States recorded decline in overseas shipments of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs, which decreased by -19.2% to 305 tons in 2022. Overall, exports continue to indicate a dramatic downturn.

In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs declined to $904K in 2022. Over the period under review, exports saw a precipitous decline.

Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc from the United States in 2022:

1. Canada (132.0 tons)
2. Italy (58.1 tons)
3. Mexico (53.3 tons)
4. India (40.3 tons)
5. Thailand (20.0 tons)

Source: IndexBox Market Intelligence Platform