For the Quarter Ending September 2024
North America
In Q3 2024, the North American region experienced a mixed pricing trend for Calcium Carbonate. At the beginning of the quarter, prices consistently declined due to several factors, including muted demand across industries, surplus production capacity, and stable raw material costs. These elements collectively exerted downward pressure on prices, leading to a negative pricing environment. In the USA specifically, the market reflected the most significant price changes, with seasonal variations in demand, production efficiencies, and balanced inventory levels contributing to the decreases.
However, towards the end of Q3, Calcium Carbonate prices in the USA began to rise. This increase was driven by seasonal demand spikes from key industries such as food and pharmaceuticals, which actively replenished inventories and led to heightened consumption. Additionally, rising costs for limestone, the primary raw material, increased production expenses, further pushing prices upward. Unexpected production difficulties and the looming threat of a strike by the International Longshoremen's Association (ILA) heightened market uncertainty, raising concerns about potential disruptions at East Coast and Gulf ports. Compounding these issues, Tropical Storm Francine posed risks of heavy rain and flooding in critical logistics regions, prompting precautionary measures from oil and gas companies.
Overall, a quarter-on-quarter change of -8% reinforced the negative pricing sentiment, though the latter half of the quarter showed a slight moderation in the rate of decline, with prices reflecting a -3% difference compared to the first half. Ultimately, the quarter ended with prices at USD 655/MT for Food Grade Calcium Carbonate, FOB US Gulf.
APAC
In Q3 2024, the APAC region experienced mixed price fluctuations for Calcium Carbonate. In the first half of the quarter, the Chinese construction industry faced a significant decline in demand for Industrial Grade Calcium Carbonate, exerting downward pressure on prices. This seasonal lull followed the post-monsoon period, characterized by reduced construction activity due to wet ground conditions and holiday breaks. Producers had accumulated high inventory levels in anticipation of peak demand, which further contributed to the price decline. Stable raw material costs, particularly limestone, allowed manufacturers to lower their pricing strategies. The broader downturn in China’s real estate market exacerbated these challenges within the Calcium Carbonate sector. However, a notable uptick in prices occurred in the latter half of Q3, particularly in China, where the market experienced significant price changes. This surge was driven by a resurgence in construction activity, fueled by government investments in infrastructure projects and real estate development. Supply constraints, including adverse weather conditions and maintenance shutdowns at production facilities, also tightened market conditions and contributed to rising prices. Overall, the region exhibited varied sentiment with balanced inclines and declines in prices, with China leading the way. Despite a -12% change from the previous quarter, the latter half of Q3 saw a 1% price increase. The quarter-ending price for Calcium Carbonate (GCC) Industrial Grade FOB Shanghai in China was recorded at USD 102/MT, reflecting a consistently rising pricing environment.
Europe
In Q3 2024, Belgium's market for Industrial Grade Calcium Carbonate experienced a notable decline in prices, primarily influenced by a weakened construction sector and seasonal factors. At the start of the quarter, stable pricing dynamics were observed, but demand remained moderate due to a seasonal lull and holiday-related delays in project approvals. High inventory levels, built up in anticipation of summer activities, contributed to price stability, despite a forecasted 3% decline in construction output for 2024. However, as the quarter progressed, increased domestic production stemming from improved efficiencies and new capacities led to market surpluses, putting downward pressure on prices. By the end of the quarter, prices continued to drop due to these elevated supply levels and adjusted inventories. The broader EU context projected a 1.5% decline in construction volumes for 2024, highlighting ongoing challenges in the sector. Despite emerging signs of recovery in housing and building permits, overall demand for Calcium Carbonate in Belgium remained low, resulting in bearish market sentiment by the end of the quarter. Overall, the region exhibited negative sentiment, with an 8% decline from the previous quarter. A 4% decrease was noted when comparing the first half of the quarter to the second half. The quarter-ending price for Calcium Carbonate (GCC) Industrial Grade FOB Shanghai in China was recorded at USD 102/MT, reflecting a consistently rising pricing environment.
For the Quarter Ending June 2024
North America
In Q2 2024, Calcium Carbonate pricing in North America displayed a mixed trend influenced by various factors. In April, prices for food-grade calcium carbonate in the USA dropped by 5% due to an oversupply from increased domestic production and higher imports from Mexico and Canada. Seasonal slowdowns in food production and reduced demand from export markets exacerbated this surplus.
In May, prices increased by 1% as supply chain disruptions, including planned maintenance and transportation issues, tightened the market. Unexpected production stoppages and feedstock shortages, combined with seasonal demand for summer production, contributed to this uptick. Despite stable raw material costs, heightened transportation costs and trade restrictions influenced export dynamics.
June saw a further 3% increase in FGCC prices, reversing the previous month's decline. This rise occurred despite seasonal demand lulls and high inventory levels, supported by stable domestic production and raw material costs. The market adjusted to supply and demand fluctuations, with economic stability providing a supportive backdrop.
The food-grade calcium carbonate market experienced a mixed trend and US Gulf priced at USD 680/MT. Despite a -6% price change from the previous quarter, the market saw fluctuations with April's 5% price drop due to oversupply and low demand. May's 1% price increase was driven by supply chain disruptions and seasonal demand, while June’s 3% rise reflected stable production amidst high inventories. Factors such as increased downstream demand, supply chain challenges, and inflationary pressures contributed to price adjustments, while declining demand in some sectors and heightened competition exerted downward pressure. Overall, the quarter highlighted a complex interplay of supply, demand, and external factors impacting pricing dynamics.
APAC
In Q2 2024, the calcium carbonate market in the APAC region has predominantly experienced a downward pricing trend, reflecting a consistent decrease throughout the quarter. Several critical factors have influenced this decline in prices. A notable slowdown in demand from downstream industries such as construction, paper, and paints has exerted significant downward pressure on the market. This reduced demand has been exacerbated by high inventory levels held by producers and distributors, who have subsequently reduced prices to clear excess stock. Additionally, an increase in production capacity, coupled with heightened output from existing facilities, has contributed to a market surplus. Seasonal factors, including a lull in construction activities, have further impacted on demand, driving prices down. Export dynamics have also played a role, with weaker demand from regional markets influencing domestic surplus and pricing strategies.
Focusing on China, which has seen the most substantial price changes, the overall trend has been unmistakably bearish. The calcium carbonate market here has been influenced by a combination of high inventory levels, surplus production, and subdued demand from critical industries. Seasonal slowdowns have particularly affected construction-related applications, leading to decreased consumption. When viewed against the preceding quarter of 2024, there has been a 9% decline, underscoring the sustained bearish sentiment throughout the period. A comparative analysis between the first and second halves of the quarter shows a 6% drop, emphasizing ongoing market challenges. The latest quarter-ending price stands at USD 108/MT for Calcium Carbonate (GCC) Industrial Grade FOB Shanghai, reflecting a persistently negative pricing environment.
Europe
In Q2 2024, the European calcium carbonate market experienced a pronounced decline in prices due to a confluence of factors. The quarter was marked by an overall bearish sentiment driven primarily by surplus supply and reduced demand across various sectors. The seasonal slowdown in construction activities, coupled with the increased adoption of alternative materials such as fly ash and ground limestone, significantly curtailed the demand for calcium carbonate. Additionally, heightened import volumes from neighboring countries exacerbated the oversupply situation, leading to intense price competition. This glut was further compounded by slightly decreased raw material costs, which kept production expenses low and enabled manufacturers to maintain or lower their selling prices.
Focusing on Germany, the market exhibited the most notable price changes within the region. The overall trend for calcium carbonate pricing was decidedly negative, influenced heavily by seasonal factors and an economic environment that favored cost-cutting and efficiency improvements. From the previous quarter in 2024, prices declined by 7%, underscoring a persistent downward trajectory. Even within the quarter, the first and second halves saw a 4% price reduction, highlighting continuous market pressure.
The latest quarter-ending price for Industrial Grade Calcium Carbonate CFR Hamburg stood at USD 302/MT. This sustained decline underscores a negative pricing environment, driven by an oversupply and subdued demand, which has rendered the market less favorable for producers despite stable production costs.
For the Quarter Ending March 2024
North America
Throughout Q1 2024, the pricing dynamics of Calcium Carbonate in North America were shaped by several factors. Initially, the market witnessed a surge in prices during the first two months, driven by a combination of limited supply and robust demand, creating a bullish market environment. However, the trend reversed in the last month of the quarter, with prices experiencing a decline.
January commenced with an incline in pricing attributed to global supply chain disruptions, notably in materials like calcium carbonate. This scarcity intensified market dynamics, leading to competitive trading and potential inventory challenges for manufacturers. February sustained the upward trend as demand surged from food and pharmaceutical industries, resulting in tightened supplies and elevated prices. However, March witnessed a decline in prices for food-grade calcium carbonate in the USA due to seasonal shifts and increased production.
Despite this temporary dip, the overall quarterly trend remained upward, reflecting persistent supply chain challenges. Prices concluded the quarter at USD 746/MT, indicating a quarterly incline despite fluctuations. Throughout the quarter, challenges in procurement and logistics underscored the fragility of the supply chain, emphasizing the need for resilience and adaptability in the face of evolving market dynamics.
APAC
The pricing of Calcium Carbonate in the APAC region for Q1 2024 has been influenced by various factors. Overall, the market has experienced a bearish trend, with prices declining compared to the previous quarter. In China, which has seen the maximum price changes, the market has been particularly affected by factors such as the seasonal lull in demand from industries like construction and paper production. This has led to lower consumption rates and downward pressure on prices. Additionally, Chinese producers have faced high inventory levels due to sluggish demand, resulting in price competition to clear excess stocks. The surplus supply has been exacerbated by stable or increased production rates, further driving prices down.
Government policies aimed at boosting domestic production have also contributed to the surplus supply. Furthermore, the decline in China's manufacturing sector, as indicated by the decrease in the Purchasing Managers' Index (PMI), has influenced calcium carbonate prices. The drop in demand during the winter months and the slowdown in the construction industry have also contributed to the bearish market trend.
In terms of price comparison, the first half of the quarter has seen a slight decrease in prices compared to the second half. The quarter-ending price for Q1 2024 is recorded at USD 123/MT of Calcium Carbonate (GCC) IndlGrade FOB Shanghai in China. Overall, the pricing environment for Calcium Carbonate in Q1 2024 has been negative, with prices declining due to factors such as reduced demand, surplus supply, and increased production cost.
Europe
In Q1 2024, the pricing environment for Calcium Carbonate in the Europe region has been influenced by various factors. Overall, the market has experienced downward pressure on prices due to excess supply and reduced demand. This has resulted in a bearish market situation.
One significant factor impacting prices is the economic slowdown, which has led to a decrease in the need for construction materials, a key application for Calcium Carbonate. This has created an excess supply and potential price drops. However, stabilizing energy costs, particularly in natural gas used in Calcium Carbonate production, have helped ease expenses and limit supply constraints. Trade disruptions due to political tensions or logistical issues have also had an adverse impact on Calcium Carbonate import/export.
When examining the pricing trends specifically in Belgium, it is evident that the market has seen significant price changes. Prices have declined by 4% compared to the previous quarter in 2024. The first half of the quarter showed a slight increase in prices, but the second half witnessed a decrease. The quarter-ending price in Belgium stands at USD 297/MT of Calcium Carbonate Industrial Grade FOB Antwerp. Overall, the pricing environment in Belgium has been negative, with prices experiencing a downward trend.
For the Quarter Ending December 2023
North America
The North American Calcium Carbonate market in Q4 2023 has witnessed moderate supply and a stable market situation. The market has remained unaffected by any significant changes throughout the quarter. However, the increase in energy prices and destocking activity in the market might impact the prices in the future.
US retail sales increased in September due to consumer spending in restaurants and bars amid a tight labour market, which might further impact the Calcium Carbonate prices. Moreover, the US Department of Health and Services is about to revise the dietary guidelines, which could impact the prices used in the dietary and supplement industry.
The correlation price percentage of Calcium Carbonate in the US has remained stable with no change from the previous quarter and a -3% change from the same quarter last year. The price percentage comparison of the first and second half of the quarter in the US was -1%. The latest price of Calcium Carbonate Food Grade FOB US Gulf in the US for Q4 2023 is USD 727/MT.
APAC
The current quarter of 2023 (Q4) for Calcium Carbonate in the APAC region has been characterized by various factors that have affected the market and prices. Firstly, there has been a maintenance shutdown in several production plants due to the festive season, leading to supply shortages. Additionally, the worldwide net sales of Minerals Technologies Inc., a major Calcium Carbonate supplier, have been USD 130 million, up approximately 1% compared to the previous year, indicating high supply. In China, which has experienced the most significant price changes, Calcium Carbonate prices have declined by 1.4% from the previous quarter. This can be attributed to moderate supply levels and the potential escalation of the West-Asia conflict, which could cause a price hike in crude oil. Furthermore, freight rates may increase, supporting shipment costs. Compared to the same quarter in the previous year, Calcium Carbonate prices in China have decreased by 6%. This decline can be attributed to market dynamics and other factors mentioned earlier. In terms of a quarter-on-quarter comparison, there has been a 2% decrease in prices from the previous quarter. This could be influenced by factors such as the winter storm affecting downstream construction demand and potential freight rate increases. The latest price of Calcium Carbonate (GCC) Industrial Grade FOB Shanghai in China for the current quarter is USD 130/MT.
Europe
The fourth quarter of 2023 has been characterized by various factors that have influenced the pricing of Calcium Carbonate in the European market. Firstly, there has been a decrease in demand from the downstream construction industry due to a strong winter storm, leading to a decrease in prices. Secondly, the supply of Calcium Carbonate has remained moderate throughout the quarter, with ample inventory being accommodated considering the future winter demand in the construction industry. Additionally, OPEC's crude oil supply cut has been a major energy concern for European industry sectors, which has further impacted the pricing trend. In terms of Belgium, there has been a bullish market situation with moderate supply. The escalation of the West-Asia conflict and the potential price hike of crude oil have been key factors affecting the pricing trend in the country. However, there have been no reported plant shutdowns in the European region during this quarter. Analysing the price percentage changes, there has been a -14% decrease in prices compared to the same quarter of the previous year. Furthermore, there has been a -2% decrease in prices from the current quarter to the previous quarter of 2023. The pricing of Calcium Carbonate in Europe during the fourth quarter of 2023 has been influenced by factors such as decreased demand from the construction industry, moderate supply, OPEC's crude oil supply cut, and the escalation of the West-Asia conflict. Belgium experienced a bullish market situation, and no plant shutdowns were reported. The quarter-ending price of Calcium Carbonate Industrial Grade FOB Antwerp in Belgium was USD 340/MT.
For the Quarter Ending September 2023
North America
The third quarter of 2023 had come with mixed bag trends of Calcium Carbonate prices. Throughout July Calcium Carbonate market have followed a downward trend due to poor downstream demand amid ample domestic inventory in the U.S. market. Cost support from upstream Calcium oxide has been not much strong to lift the market. On the input energy form, though a reported low inventory Natural gas prices had been on lower side due to weak demand outlook. In addition, the future of WTI crude had been reduced in July since concerns of global economic slowdown could reduce oil demand had outweighed the prospects of crude production cut by Saudi and Russia. The manufacturer had been reluctant to raise their price quotations amid tepid economic conditions of The West. Although PMI had been improved from June to 46.4, still well below 50 have indicated a contracting manufacturing industry. Moreover, as per World Bank’s logistics performance index report, container turnaround time in US had been 1.5 days indicated a smooth supply chain. In August, the Calcium Carbonate market have seen a new ray of hope since increasing energy prices and rate hike increase by 25 basis point by Federal Reserve have lifted the production cost. Rising orders from downstream food and personal care industry, increasing upstream raw material cost, continuous outflow of local inventories have contributed further to the prices hike. In September month, supply chain have been dented by hurricane Idalia’s landfall in Florida. Downstream food additive sector have been on a downturn. However, rising energy prices, consumer inflation and concerns of one more rate hike by U.S. Federal Reserve, growing demand from downstream personal care and cosmetic sectors have driven the Calcium Carbonate market up. As of Sept. 29 Calcium Carbonate Food grade in USA has been traded at USD 740 per metric tonnes, FOB US Gulf.
Europe
In the first half of quarter three, the Eurozone have witnessed a bearish trend in Calcium Carbonate prices due to subdued downstream demand amid adequate domestic inventory. Downstream paints and coatings industry have also on a slower pace due to Germany’s recessive economy. In Germany, due to extreme flood most infrastructure projects have been on hold in August. However, extreme heat wave in other European zone such as Netherlands has discouraged the construction works amid sluggish economy. Moreover, decreasing fright charges in Asia to Europe routes have been weighed down the prices of Calcium Carbonate. The bearish trend have continued throughout the second half also. Furthermore, the largest economy of Europe has been projected to shrink by 0.4%, on an annual basis, compared to 0.2% growth forecast by European commission, which have affected the market negatively. European Central Bank’s Strategy against rising prices have been successful, indicated by low inflation number in September. Consumer prices has been moving with its slowest pace since October 2021, increased by 4.2 percent in September, down from 5.6 percent last month, as reported by European commission. However, European market has been tumbled on upcoming rate interest concerns. Hiring activity in Germany’s manufacturing sectors have reflected its lowest level since February 2021 since the country has been continued to struggle with an energy crisis and surging borrowing costs. As of Sept. 29 Calcium Carbonate industrial grade in Germany has been traded at USD 380 per metric tonnes, CFR Hamburg.
APAC
In the first half, the Calcium Carbonate market have followed a downward trend in Indian domestic market, since decreasing demand from downstream construction industry have thrown a downside risk to the Calcium carbonate market prices. After registering a strong market in the Q2 report the Indian Calcium Carbonate market have started decreasing as monsoon have reduced the construction activities in India. Prices of the Petcoke, an alternative fuel for cement manufacturing, have been on lower side due to decreasing crude oil prices and ample domestic inventory. Furthermore, according to Ministry of Port, Shipping and waterways, India’s ports have been reported a significant improvement in turnaround time, came to 0.9 days, lower than Germany, USA and South Africa. In addition, the freight charges across Asia’s major trade routes have been decelerated amid a slowdown in global trade volume. In the 2nd half the Calcium Carbonate have moved upward with slower pace in both China and India. Surge in downstream paints and coatings industry on the back of thriving construction industry has augmented the market. Rising foreign direct investment (FDI) from real estate leaders like Blackstone, bilateral trade with key partners such as Vietnam have supported a slow and steady progress. Upcoming festival seasons have added extra fuel to South-east Asian real estate market. However, the PMI data have reported a contracting manufacturing sector in Malaysia. Weak momentum of Malaysian exports have brought headwinds to Malaysian economy and hence a downtrend in Calcium Carbonate market. As of Sept. 29 Calcium Carbonate industrial grade in China has been traded at USD 132 per metric tonnes, FOB Shanghai.
For the Quarter Ending June 2023
North America
In the US market, the prices of Calcium Carbonate have demonstrated volatile price movement in the second quarter of 2023. The prices escalated in early Q2 amid an increase in inquiries from the downstream food and additive sector. The economic crisis brought on by the failure of two banks in late Q1 has exacerbated market concerns. On the upstream front, the prices of energy materials have weakened, prompting a downward pressure on the price realizations of Calcium Carbonate. Furthermore, the tight monetary policies imposed by Federal Reserve have contributed to easing the inflationary pressure in the US market in April, albeit at a slower pace. The weaker US Dollar has further imposed downside risks to the market fundamentals of various chemicals, including Calcium Carbonate. The availability of Calcium Carbonate was sufficient to cater to the terminal demand. The supply-chain constraints have been eased, and the logistics were restored. The shipping costs from North Europe to North America East Coast have declined amidst a slowdown in the global trade of chemicals. Furthermore, the US market has faced challenges as the severe impacts of inflationary pressures, tight monetary policies, and the financial sector worries have not vanished. Core inflation has consistently exceeded the targeted levels set by the US Federal Reserve, resulting in strained trade activities for Calcium Carbonate.
APAC
Throughout the second quarter of 2023, the prices of Calcium Carbonate have remained on the lower end in China's domestic market. The resumption of manufacturing activities in China during mid-Q1 resulted in sufficient Calcium Carbonate inventories for downstream construction and paper industries in early Q2. The market inquiries from the Western region also not speeded up, and as a result, the prices of Calcium Carbonate remained in negative territory in the entire Q2. In addition, the decline in production amid tepid demand fundamentals has prompted the manufacturing Purchasing Manager index to settle in the contraction zone (below 50 points) in Q2, as demonstrated by the data given by the National Bureau of Statistics. The slowdown in procurement from the downstream construction industries, coupled with rainy weather conditions in East China, has imposed downside risks on the swift release of the existing inventories. The market players were optimistic that after the resentments of COVID restrictions, the reinforcement of market fundamentals would translate into profit gains, but the demand from the downstream construction industries didn't reflect as per the expectations. According to the National Bureau of Statistics data, from January to May, the national investment in real estate development reached 4,570.1 billion RMB, a year-on-year decrease of 7.2%, supporting the bearish market sentiments for Calcium Carbonate.
Europe
In Belgium, the prices of Calcium Carbonate have demonstrated mixed market sentiments in the second quarter of 2023. The prices rose in early Q2 amid the relatively high manufacturing cost across the European market. The inquiries from the downstream construction were average but still above the level observed in late Q1, reported by market participants, which has been responsible for the upshift observed in the prices of Calcium Carbonate in April. However, with the progress of Q2, the inquiries from the downstream construction sector have started to plummet, and with ease in TTF natural gas costs, the manufacturing costs have also lowered. The stocks of finished goods were sufficient to meet the demand from the downstream industries. Amidst a slowdown in economic conditions across the nation, the operating rates of manufacturing firms remained under pressure for the maintenance of market balance. Moreover, the freight charges remained at the lower end amidst a slowdown across major regional markets. The container availability was also optimum, and the movement of finished goods didn't witness any bottlenecks. Furthermore, according to Statistics Belgium, Inflation decreased from 5.20% to 4.15% in June but remained above the target of 2% specified by the European Central Bank. Consequently, Calcium Carbonate Industrial Grade FOB Antwerp prices were settled at USD 371 per ton in June.
For the Quarter Ending March 2023
North America
The weak demand from the downstream food additive sector and the construction sector has worsened the market growth of Calcium Carbonate in the first two months of 2023 in the US market. The ample inventories in the US market, coupled with declining freight charges, have led to further reductions in the market values of Calcium Carbonate. The prices of WTI crude oil has been tumbled amid excess inventories and limited demand. High inflationary pressures, rising interest rates, and weak consumer sentiments have faltered the demand recovery. Furthermore, the fears of a financial crisis brought on by the failure of two banks have weighed on the production activities across the US market in late Q1.
APAC
In the domestic region of China, the prices of Calcium Carbonate have demonstrated mixed market sentiments. With the rollback of COVID restriction in early Q1, manufacturing activities have gathered pace, and as a result, the prices of Calcium Carbonate remained on the upper end in the first two months of 2023. The spring festival holidays have led to nationwide production cuts amid limited workforce availability. However, the downstream construction sector demand did not improve much as the overseas market has grappled with high inflationary pressures and weak economic conditions. In addition, the freight charges were also relatively low across Asia’s major trade route, inflicting the pricing dynamics of Calcium Carbonate to remain bearish. Consequently, Calcium Carbonate (GCC) IndlGrade FOB Shanghai prices were settled at USD 155 per ton at the Q1-end.
Europe
In the German market, the prices of Calcium Carbonate have witnessed a volatile market trend. The accumulation of high-cost inventories has prompted the manufacturers to price revision in early Q1. The prices of energy materials have been declining, alleviating the pressure on the manufacturing costs of Calcium Carbonate. Furthermore, the sluggish procurement from the downstream construction sector has deteriorated the market sentiments, and as a result, the prices of Calcium Carbonate have fallen to a low level. High inflationary pressures, rising interest rates, and weak purchasing power are all these factors that have contributed to the downshift observed in the price realizations of Calcium Carbonate. Therefore, considering the aforementioned reasons, Calcium Carbonate Industrial Grade CFR Hamburg prices were accessed at USD 395 per ton at the end of the first quarter.
For the Quarter Ending December 2022
North America
Calcium Carbonate prices have demonstrated mixed sentiments in the US market. The prices dropped in October and then improved at a slower pace owing to weak demand fundamentals. In the second half of Q4, The cost support from energy materials was limited in the region. The market players have informed us that the demand from the downstream food additive sector was moderate. The operating rate was stable, and there was sufficient availability of the product to cater to downstream inquiries. Furthermore, the drop in freight charges across the international market and increased container rates have resulted in an overcapacity situation, supporting the decline in the market value of Calcium Carbonate in December. Therefore, Calcium Carbonate Food Grade FOB US Gulf prices were observed to be hovering around USD 774 per ton at the end of the fourth quarter.
APAC
The prices of Calcium Carbonate have plummeted in the Chinese domestic market. The resurgence of COVID cases and global economic slowdown has weighed over the price value chain of Calcium Carbonate throughout the fourth quarter of 2022. As per the National bureau of statistics, manufacturing activities were also on the lower end in November. The manufacturing firms structured their production following their sales and demand. The limited procurement from the downstream construction and other end-use industries has prompted the manufacturers to slash their offers to maintain market balance. The ChemAnalyst database has shown that Calcium Carbonate (PCC) Indl Grade FOB Shanghai prices were settled at USD 160 per ton in December.
Europe
In the German market, the price of Calcium Carbonate has remained on the upper edge in the fourth quarter of 2022. The limited supplies of natural gas have impacted the production costs of Calcium Carbonate. The market players have increased their offers to maintain their profit margins. However, the raging inflation has slowed down the construction sector and weakened consumer sentiments. On the demand side, the offtakes from the end-use industries were slower than expected. In December, Although natural gas prices decreased, they were still high enough for manufacturers to maintain their profit margins. In addition, a lack of skilled workforce and high electricity costs has also impacted the price realizations of Calcium Carbonate. Consequently, Calcium Carbonate Industrial Grade CFR Hamburg prices were assessed at USD 410 per ton at Q4-end.
For the Quarter Ending September 2022
North America
The Calcium Carbonate prices demonstrated mixed sentiments in the USA during the third quarter of 2022. The price trend has shown steady market growth in early Q3. In the US market, the growing recession fear has impeded the market growth of significant energy materials. Additionally, the market sources have informed that the accelerated supply of Calcium Carbonate has been enough to fulfill the inquiries from the downstream cement manufacturers. However, the demand outlook from the terminal sector was observed to be slower than expected, owing to the fluctuating market value of input materials. Furthermore, towards the end of the third quarter, the downstream consumers were observed to be cautious about buying with such a dull market outlook in the domestic market. Consequently, Calcium Carbonate Food Grade FOB US Gulf prices were settled at USD 820 per ton on September 30, 2022.
Asia-Pacific
In the APAC region, Calcium Carbonate prices have oscillated throughout the third quarter. In early Q3, the stable offtakes from the downstream construction sector pushed the market growth of Calcium Carbonate. The data depicted that the Purchasing Manager Index (PMI) of the world's second-largest economy has been crippled by approximately 1.2 units amid domestic market instability and global recession fears seeded by Russia's invasion of Ukraine. Furthermore, in mid-Q3, the decreasing value of input materials, such as Pet Coke, has provided negative cost support to the price realizations of Calcium Carbonate among the manufacturers. In India, the build-up of inventories hampered the market sentiments in late Q3. One of the leading market players, MRPL, has reduced upstream pet coke prices by INR 1,800/MT (USD 21/MT) for September, inflicting the manufacturing cost to remain downwards. Calcium Carbonate (GCC) Ex-Chennai Prices were assessed at USD 60 per ton in India at Q3-end.
Europe
In the third quarter of 2022, Calcium Carbonate prices remained buoyant in the domestic region of Germany. The prices improved by 1.6% in early Q3 compared to the costs observed in Q2 end. The manufacturing firms have been compelled to operate at standard rates due to the consistent offtakes from the downstream construction sector. However, the prices stabilized in the mid-Q3 due to firm inventory levels, acting as a buffer to negate any price increase. The unchanged price offers have provided little relief for downstream manufacturers struggling with extravagant raw material prices amid volatile economic conditions. The Eurozone PMI dropped from 49.6 points to 48.5 points in September 2022, pressuring the market sentiments of Calcium Carbonate among manufacturers. The ChemAnalyst database shows that the Calcium Carbonate Industrial Grade CFR Hamburg prices averaged USD 310 per ton in mid-Q3.
For the Quarter Ending June 2022
North America
Calcium Carbonate prices have significantly surged in the first half of the second quarter of 2022 amid solid downstream demand. The labor shortages in the domestic market have diminished the operating capacities of crucial manufacturing, provoking a constrained supply of Calcium Carbonate. In addition, the supply chain disruptions caused by truck driver shortages have severely impacted Calcium Carbonate prices. Furthermore, towards the end of Q2, the construction industry's activity severely diminished in May amid ongoing supply disruptions of significant input materials. The price realizations of pet coke have declined, and the ample availability of natural gas has undermined the manufacturing costs of Calcium Carbonate in the domestic region.
APAC
In the second quarter of 2022, the price trends of Calcium Carbonate have shown mixed sentiments in the APAC region amid fluctuations in demand outlook from the downstream construction sector. The COVID restrictions in China have severely disrupted global trade activities, deteriorating the market value of Calcium Carbonate. Furthermore, the prices of downstream cement have also declined, witnessing the slow down in construction activities. In India, the price realizations of Calcium Carbonate have surged amid downstream solid demand at the start of Q2. However, towards the quarter-end, the escalated energy costs and workforce shortages have dampened the market value of Calcium Carbonate in the domestic market. The Calcium Carbonate Indl. Grade (PCC) Ex-Vadodara prices averaged INR 18050 per ton in June 2022.
Europe
Calcium Carbonate Prices have soared in the European region amid rising costs of crucial energy raw materials. The supply turmoil unleashed by the Russia-Ukraine war has severely impacted Germany's trade activities. In April, the market observed sufficient demand from the downstream construction sector, propelling the market value of Calcium Carbonate in the major European economy. However, towards the end of Q2, the explosion in raw material costs and inflation concerns prompted uncertainties in the terminal demand from the downstream construction sector. As per the observed market scenario, the building projects have noticed a tremendous fall, supporting the augmented price trend of Calcium Carbonate.
For the Quarter Ending March 2022
North America
During the first quarter of 2022, prices of Calcium Carbonate in North America soared by more than 4% due to the increase in demand from the downstream sector amidst the ongoing geopolitical tension between Russia and Ukraine. This extended hostility two-folded its impact on the demand outlook of Calcium Carbonate. US market for Calcium Carbonate continued to struggle with logistics issues which led to the limited availability of the product in the regional market. As a ripple effect, Q1 of 2022 ended with stable demand and inadequate supply of Calcium Carbonate.
Asia Pacific
Calcium Carbonate prices increased in Asia during the first quarter of this year due to the robust demand from downstream sectors. The demand for Calcium Carbonate remained high in India as cement companies ramped up volumes to meet their year-end target. Rise in raw materials cost and strong demand for Calcium Carbonate from the construction industry led to the rise in prices of Calcium Carbonate. According to the market players, Calcium Carbonate's downstream cement costs rose by 11% monthly until the first quarter, due to the increase in construction activities. As a ripple effect, prices of Calcium Carbonate Indl. Grade (PCC) in India settled at USD 207/Tonne in Q1, 2022.
Europe
In Europe, the ongoing geopolitical turmoil between Eastern European nations soared the global raw material prices and disrupted the supply chain and logistics during the first quarter of 2022. The persistent demand for Calcium Carbonate from downstream pharma and construction industry kept the prices inflated. According to the European market players, the Omya, leading exporters of Europe, temporarily implemented a surcharge on the Calcium Carbonate products, which shifted the market dynamics of Calcium Carbonate. As a ripple effect, the Calcium Carbonate Industrial Grade price for CFR Hamburg (Germany) settled at USD 297 per tonne in Q1 2022.
For the Quarter Ending December 2021
North America
In the fourth quarter of 2021, the Calcium Carbonate market movement remained silent in the North American region. Although, in the latter half of the quarter the offers eased slightly amidst better operational loads at the manufacturing sites after the production capabilities were restored after the impact of Hurricane Ida. The demand outlook remained stagnant, and the region witnessed a slight oversupply of Calcium Carbonate in the fourth quarter. As a ripple effect, the FOB US Gulf Calcium Carbonate USP grade offers were assessed at USD 9295 per tonne, during the quarter ending in December.
Asia Pacific
Overall, the Calcium Carbonate sentiments in the Asia Pacific market remained consolidated throughout the Q4 of 2021, owing to the adequate cost support from the demand outlook and supply hindrance in China. The imposition of dual-energy control coupled with the power rationing in China forced the suppliers to reduce the run rates at the manufacturing sites. However, the situation improved to some extent in the latter half, although the resurgence of COVID uplifted the demand in the Asian domestic market. As a ripple effect, the FOB Qingdao discussions for the Calcium Carbonate USP grade were assessed at USD 9677 per tonne, during the quarter ending in December.
Europe
In the fourth quarter of 2021, the Calcium Carbonate market sentiments in the European region remained buoyed amidst the supply-demand imbalance. Whereas the operational loads remained dull amidst the ongoing energy crisis in Europe led to constrained supplies of Calcium Carbonate in the domestic market. in addition, the domestic players were hesitant to inquire from the overseas market amidst the higher charges and limited availability of freight vessels. The resurgence of COVID supported the demand outlook for Calcium Carbonate in the European domestic market. Therefore, due to the supply-demand imbalance against the adequate inquiries, the Calcium Carbonate quotations staggered upwards throughout the fourth quarter of 2021.
For the Quarter Ending September 2021
North America
In North America, Calcium Carbonate market remained dampened during Q3 of 2021 backed by the limited supply of the product amidst firm demand from downstream sectors. Supply of Calcium Carbonate tightened in the North American market as an impact of the Ida hurricane which caused an abrupt supply chain imbalance in the region. In August, many manufacturers were compelled to shut their production plants ahead of the arrival of Ida hurricane as a part of the contingency plan, that directly affected the production rates and consequently pushed up the prices of Calcium Carbonate in this time frame. Calcium Carbonate FOB Gulf Coast prices stood at USD 9300 per MT in September.
Asia
In Asia, Calcium Carbonate prices witnessed an exponential rise during the third quarter of 2021. Demand for Calcium Carbonate remained firm throughout the quarter following an active rebound in industrial and construction activities. In addition, spike in the prices of raw materials also contributed to push up the pricing trend of the Calcium Carbonate. In India, as Calcium Carbonate is majorly imported from other Asian countries therefore a continuous price increment was observed due to the high freight charges and extreme shortage of shipping containers. Besides, clogging on the interoceanic trade routes led to the delays of cargoes that consequently surged Calcium Carbonate prices in India. Ex-Mumbai Calcium Carbonate Industrial grade prices were assessed at USD 208.89 per MT in September.
Europe
In Q3 2021, Calcium Carbonate values experienced a gradual rise in the European market influenced by the Asian market fundamentals. In addition, soaring freight costs and limited availability of containers also sent ripples to the prices of Calcium Carbonate. Moreover, incessantly increasing energy costs further pushed up the prices of Calcium Carbonate in the region. On the other hand, demand remained sturdy from the downstream pharmaceuticals and construction sectors during this timeframe.
For the Quarter Ending June 2021
North America
Rebound in construction sector in North America, improved the demand for Calcium Carbonate during this quarter. Rapid vaccination drive and decline in COVID cases led to the improved demand for Calcium Carbonate from this segment. However, pharma segment also witnessed firm offtakes in the meantime. Therefore, in combined effect, prices of Calcium Carbonate increased effectively in the USA, and rose from USD 509/MT to USD 520/MT from mid-April till May. Later, in June, prices started declining, due to ample stock availability amidst the stagnating demand scenario in USA.
Asia
Recovering economy of China post decline in COVID cases, improved the demand for Calcium Carbonate from domestic construction sector. Downstream cement prices rose month-on-month, under the influence of booming construction activities. Therefore, a fair rise in prices of Calcium Carbonate was observed in the country. While in the Indian market, due to second wave of pandemic, consumption from construction segment remained dull, which reduced the overall demand for Calcium Carbonate. Later, in June, prices rebounded, under optimism of recovering economic activities, as new cases started declining effectively. Therefore, in India, after a steep fall in prices, Calcium Carbonate rebounded in June and settled at USD 165.05/MT for Industrial grade.
Europe
Prices of Calcium Carbonate remained influenced by global factors like rising freight and energy costs. Therefore, a fair rise in prices of Calcium Carbonate was observed in the European region. On the demand side, construction sector of Europe witnessed boom during this timeframe, and manufacturers were worried about the rapid escalation in prices of construction related raw materials including Calcium Carbonate. In addition, a major European manufacturers Omya increased its Calcium Carbonate prices for global market during this quarter, due to rise in global freight cost, energy cost and other factors.
For the Quarter Ending March 2021
North America
Devastating winter storm across North America halted almost all the production activities in mid-February. Due to this winter storm several other activities like construction farming also got affected, while some industries like pharma had to keep working amidst increasing requirements for medicines. In line with this trend, demand for Calcium Carbonate from downstream cement sector also reduced however it witnessed improvement from pharma sector, which supported its prices. Prices for Calcium Carbonate rose from USD 485/MT (January 2021) to USD 495/MT (March 2021). In addition, Huber Engineering announced the acquisition of Nutri Granulation business from IMCD, which is a major producer of food grade Calcium Carbonate, deal is expected to be closed by 1st April.
Asia
AsianCalcium Carbonate market witnessed mixed sentiments under wavering demand supply fundamentals, which varied country by country. Where China had faced firm demand for Calcium Carbonate while maintaining ample supply to satisfy the demand, high demand supported the prices and led it go rise marginally by 1.7% during Q1 2021. On the other hand, India witnessed high demand for Calcium Carbonate from both cement and pharma sector which led to the rise in prices of construction grade Calcium Carbonate by 14.87% and pharma grade Calcium Carbonate by 14.98% during this period. Meanwhile, to rectify this price rise, Indian government reduced the import duty from 2.5% to zero from all grades of Calcium Carbonate, this decision was especially imposed to favour the steel sector of India.
Europe
Demand forCalcium Carbonate across Europe maintained its stagnant demand from downstream sectors like construction and pharma during Q1 2021. As the domestic supply was not sufficient enough to satisfy this demand, hence the prices projected an upward trend across different European countries. In Germany, FOB prices for Calcium Carbonate rose by 3.44% during Q1 2021 and settled at USD 150 per MT during March end.
For the Quarter Ending December 2020
North America
Prices of the Calcium Carbonate firmed in the quarter ending December following the rise in prices for feedstock Calcium. Thus, the prime factor supporting the rise in prices of prices of Calcium Carbonate in the Q4 of 2020 were the supply shortage of raw material. Amidst increasing focus on healthcare sector, the demand for Calcium Carbonate surged in the pharmaceutical industries which further contributed in giving a considerate push to its market fundamentals.
Asia
Calcium Carbonate’s demand in Asia surged in Q4 2020 as various countries like China and India majorly focused on the development of pharmaceutical and infrastructure following the fears of Coronavirus in 2020. With revival of the infrastructure activities in India in the festive season in November, demand from paints, coatings, and adhesives witnessed a much-needed rebound. Thus, in Q4 of 2020, the price of calcium Carbonate settled at 320 USD/MT. With increase in industrial and civil activities, demand from paper industry also revived which further contributed to surging the prices of Calcium Carbonate across Southeast Asia.
Europe
Consistent uptick in demand for Calcium Carbonate from pharmaceutical, paper, and plastic industry has kept its market sentiments rich in Europe. The increased focus on green economy in Q4 following several government initiatives requires infrastructure investment in Europe which further pushed the demand for Calcium Carbonate in the regional market. Appreciable demand for Calcium Carbonate from downstream sectors has kept its pricing firm in Europe for Q4 2020. Uptick observed in the demand from steel and glass manufacturing sector also contributed in surging prices of Calcium Carbonate.
