Malaysia"s zinc market is witnessing dynamic changes influenced by global demand and domestic supply factors. Recent trade data indicates that Malaysia imported a total of 15,000 metric tons of zinc in the last quarter, marking a 10% increase compared to the previous quarter. This rise in import volume correlates with heightened industrial activities within the country, as zinc is a critical component in galvanizing steel for construction and manufacturing. Price trends show that the average import price of zinc rose by 5% over the same period, reaching $2,500 per metric ton. This increase can be attributed to global supply chain disruptions and rising energy costs, impacting production expenses globally. Despite the price hike, the consistent demand for zinc in Malaysia suggests a robust market outlook. Export figures paint a different picture, with a slight decline in volume by 2% to 8,000 metric tons, as higher prices may have rendered Malaysian zinc less competitive internationally. However, the domestic market remains strong, bolstered by ongoing infrastructure projects and government initiatives to boost the manufacturing sector.
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