Procurement Resource

  In the first quarter of 2023, the Asia Pacific region witnessed a surge in zinc phosphate prices due to robust demand, steady supply, and increased imports. However, this positive trend was short-lived, waning in the latter part of the first quarter and continuing into the second quarter. Request for Real-Time Zinc Phosphate Prices: https://www.procurementresource.com/resource-center/zinc-phosphate-price-trends/pricerequest Expanded production capacities led to oversupply, contributing to ongoing price declines. In Europe, geopolitical disruptions related to the Russia-Ukraine crisis created challenges throughout the first quarter, resulting in a significant and gradual decline in zinc phosphate prices that extended into the second quarter. Meanwhile, North America experienced gradual price declines in the first quarter due to low demand and diminishing market confidence. The second quarter saw declining demand from the automobile and construction industries, with a weakening eco...