Calcium Chloride Prices Rise in US Amidst Optimism in Construction Industry

Texas (USA): In the USA, Calcium Chloride prices have shown increasing market trend this month, mainly due to adequate inventory levels in the US market, prompting sellers to offer inventories at lower market rates. Additionally, a PMI value persisting above 50 suggests growth within the manufacturing sector. With heightened demand from the downstream construction sector, inquiries from acetate industries have increased. Furthermore, as Europe concludes its heating season, production costs have stayed low, leading to reduced demand for natural gas from the continent.  Year-over-year, the construction sector in the U.S. saw an increase. Texas led in job gains, while New York reported a loss in construction sector jobs. Alaska showcased the most significant annual growth rate in the construction sector, while North Dakota encountered the most substantial decline.

Furthermore, there is anticipation of Calcium Chloride price increases due to rising demand from downstream sectors like Construction. Additionally, it is expected that Natural gas prices will remain elevated amidst global economic recovery, leading to higher Calcium Chloride production costs.

Currently, domestic Calcium Chloride plants are operating at optimal levels to meet both domestic and international downstream demand. This has resulted in sufficient Calcium Chloride inventories in the market, which has dampened the growth of the Calcium Chloride market. However, Calcium Chloride feedstock Calcium Carbonate prices have shown a downward trend this month as per the ChemAnalyst Database, leading to lower production costs. Initially, the Calcium Chloride feedstock Calcium Carbonate market experienced a decline, followed by a subsequent increase; however, the overall value remained negative compared to the previous month. The focus was on maintaining necessary procurement amid firm downstream demand and a strong market, leading to an increase in the Calcium Chloride feedstock Calcium Carbonate market thus leading to higher production cost.

During this month, there was a notable rise in Calcium Chloride prices, propelled by heightened demand from the construction sector, resulting in increased inquiries. According to the National Association of Home Builders, nonfarm payroll employment increased in most states and the District of Columbia in February, with only seven states experiencing a decrease. The Bureau of Labor Statistics reported a nationwide surge in employment in February, following an uptick in January. Texas led in job creation, followed by Illinois and Michigan. Conversely, seven states saw job losses, with Florida suffering the most significant decline. Iowa witnessed the highest percentage increase in employment, while North Dakota faced the most substantial decrease between January and February.