Oman's metals market, particularly in the zinc sector, is exhibiting intriguing trends influenced by both global demand and regional economic strategies. As a significant player in the Middle Eastern metals market, Oman's zinc trade revolves around its strategic location and expanding industrial sectors. According to recent trade data, Oman's zinc imports have seen a steady increase, with a notable jump in trade volume from 20,000 metric tons in Q1 to 25,000 metric tons in Q3 of 2023. This growth is primarily driven by the rising demand in construction and manufacturing sectors within the region. Concurrently, the average price per metric ton of zinc has witnessed fluctuation, beginning at $2,600 in Q1 2023, slightly declining to $2,550 in Q2, and then recovering to $2,700 in Q3. Such price dynamics reflect both international zinc supply chain challenges and regional market adjustments. The economic policies in Oman, aimed at diversifying from oil dependency, have fostered a supportive environment for metals trade, enhancing its attractiveness for international suppliers and buyers. The gradual increase in zinc prices aligns with global trends of tightening supply constraints and increasing raw material costs, suggesting a cautious yet optimistic outlook for stakeholders in Oman's zinc market.

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