The calcium formate market in the APAC region remained under pressure during mid-January 2025 due to subdued downstream demand in the cement and concrete industries and limited cost support from feedstock formic acid. Market sentiment was cautious, with minimal procurement activity reflecting weak trading conditions.

In China, calcium formate demand stayed weak, largely influenced by stagnant activity in the end use construction sector. Cement manufacturers in regions like Nanning reduced prices by 20-30 yuan/ton in late December 2024 to manage high inventory levels, a trend that persisted into January 2025. The northern regions were particularly affected by low temperatures, which significantly restricted construction activities, leaving only a few key projects active. In the southern regions, most construction sites were suspended especially in Jiangsu and Zhejiang, further reducing the demand for calcium formate.

With the Spring Festival approaching, downstream demand sentiment remained tepid, marked by limited procurement follow-up for calcium formate. Market activity was sluggish, with purchases focused on immediate requirements. Buyers adopted a cautious, wait-and-see approach, delaying large-scale procurement due to uncertainty in future market trends. This further dampened sentiment in the calcium formate market across both domestic and export markets.

 Although steady production supported by stable feedstock formic acid prices, the market faced challenges from the seasonal slowdown and weakened demand. Manufacturers focused on inventory management, maintaining stable supply levels while struggling with limited new orders. Additionally, the competitive pricing in the cement market, influenced by oversupply and reduced construction activity, further dampened the calcium formate market’s momentum.

Export activities provided limited relief, with international orders failing to offset the low domestic demand. Buyers in importing countries like India and Southeast Asia also adopted a cautious approach, limiting procurement to essential needs before the Lunar New Year. Seasonal factors and an overall weak demand environment kept the market under pressure.

In India, the calcium formate market reflected mixed trends. Northern regions experienced significant slowdowns due to harsh winter conditions, which curtailed construction activities and cement consumption. Meanwhile, premium residential real estate in other regions provided some support in the calcium formate market, with steady demand for high-value construction projects. However, challenges in the affordable housing sector and delays in project completions limited broader market recovery.

As per ChemAnalyst, calcium formate prices in APAC are anticipated to remain under pressure in coming weeks. The Lunar New Year holidays are expected to keep procurement activity low, with ample market availability and sluggish demand in the cement and concrete industries. Market recovery is likely to hinge on improved construction activity and warmer weather post-holidays.