For the Quarter Ending September 2024
North America
In Q3 2024, the North American Calcium Silicate market faced a notable decline, with prices dropping compared to the previous quarter. This downturn was largely driven by weakened demand from vital sectors, including construction and glass manufacturing, both of which grappled with ongoing supply chain disruptions and logistical challenges.
Factors such as persistent port congestion, labor strikes, and the potential impact of hurricanes significantly undermined market confidence, leading to a bearish pricing trend. Additionally, plant shutdowns especially those triggered by Hurricane Beryl tightened supply levels, exerting further downward pressure on prices. While there was some hope for a recovery, overall demand remained tepid, leaving domestic producers and traders contending with difficult market conditions.
In North America, the USA recorded the most pronounced price volatility, reflecting a continuous downward trend throughout the quarter. Overall, the pricing landscape for Calcium Silicate in North America during Q3 2024 was largely unfavorable, shaped by weak demand, and exacerbated by external factors such as weather-related disruptions, labor issues, and supply chain inefficiencies that continued to challenge market dynamics.
APAC
Throughout the third quarter of 2024, the APAC region witnessed a challenging quarter for Calcium Silicate pricing due to various factors. Prices decreased at both the beginning and end of the quarter, with a notable spike occurring in August. Although global port congestion persisted, supply levels remained adequate, while demand from downstream sectors, particularly construction, was subdued. China experienced the most significant price fluctuations, underscoring its critical role in the regional market. Seasonal dynamics, especially construction activity, influenced demand variations. At the end of the quarter, prices trended downward, largely due to the low costs of imported materials from other Asian markets, which applied downward pressure on regional prices. Furthermore, the cautious approach of key Asian markets, particularly China, affected regional dynamics. Typhoon Bebinca also caused severe flooding, disrupting logistics during the Mid-Autumn Festival and complicating transportation amid already weak demand. Overall, Calcium Silicate prices eased by 6% compared to the previous quarter, with a quarter-end price decline of 5% for FOB Qingdao (China).
Europe
In Q3 2024, the European Calcium Silicate market experienced a notable decline in prices, primarily driven by weakened demand from key downstream sectors, including construction manufacturing. This downturn was further compounded by sluggish industrial activity, congestion at major ports, and challenging economic conditions, all of which contributed to a bearish market sentiment. Germany exhibited the most pronounced price fluctuations, with subdued demand leading to a price drop of 4% compared to the previous quarter. The negative trend was exacerbated by disrupted supply chains and low consumer confidence, resulting in price changes of 11% in August and 1% in September for Calcium Silicate CFR Hamburg (Germany). Overall, the quarter underscored a difficult pricing environment in Germany, characterized by persistently declining prices driven by a combination of weakened demand, supply chain disruptions, and adverse economic factors. Market participants faced increasingly challenging dynamics marked by uncertainty and caution as they approached the end of Q3, navigating through a series of hurdles that influenced their decision-making and strategic planning.
For the Quarter Ending June 2024
North America
In Q2 2024, Calcium Silicate prices in North America experienced notable volatility, with a general decline followed by a rebound by the end of June. This period was characterized by a complex mix of supply chain disruptions, changing demand dynamics, and geopolitical tensions.
Significant supply chain challenges included the collapse of the Francis Scott Key Bridge in Baltimore, which severely impacted transportation logistics, and a potential strike by workers at major freight rail carriers CN and CPKC, which threatened to disrupt trade across North America.
Additionally, the Panama Canal Authority's decision to add extra transit slots per day provided some relief to supply pressures, but it was insufficient to counteract the broader market disruptions. Demand for Calcium Silicate declined mainly due to a slowdown in the manufacturing sector and decreased construction spending, exacerbated by high interest rates that limited expenditure on construction projects and reduced consumer spending. Nonetheless, demand picked up toward the end of the quarter, driven by renewed interest in infrastructure projects and increased private-sector construction activities.
APAC
In Q2 2024, the Calcium Silicate market in the APAC region experienced a mixed trend as the prices initially eased, however, rebounded later. The quarter has seen a blend of key factors driving this price increase, despite overall subdued demand from downstream industries like construction. Strategic government initiatives aimed at stimulating the property sector, such as relaxed down-payment requirements and lowered interest rates on home loans, have moderately bolstered confidence in the market. Additionally, geopolitical tensions and disruptions in trade routes, particularly through the Red Sea, have compounded supply chain challenges, contributing to cost pressures and influencing the upward price trajectory. Focusing on China, which has been at the epicenter of these price changes, the market exhibited a bullish trend throughout the quarter. Despite weak downstream demand and challenging economic conditions, low inventory levels have played a significant role in maintaining an upward momentum. The Chinese market saw substantial month-on-month price increases, reflecting a persistent struggle with supply constraints amid moderate demand recovery. Seasonal factors, such as increased construction activities during the summer, have further influenced this upward trend. The quarter concluded with the price of Calcium Silicate FOB Qingdao at USD 780/MT, underscoring a stable yet positive pricing environment. Overall, the Q2 analysis reveals that while the market faced various pressures, the pricing context remained predominantly positive due to strategic economic interventions and persistent supply limitations.
Europe
In Q2 2024, the Calcium Silicate market in Europe experienced fluctuations as the prices declined in April, however, surged by quarter end. The quarter has been marked by disruptions in key trade routes, particularly in the Red Sea, which have compounded supply chain challenges. Geopolitical tensions and adverse weather conditions have exacerbated these disruptions, leading to increased freight rates and extended delivery times, which in turn elevated production costs. Additionally, macroeconomic factors, including rising inflation and high financing costs, have further contributed to higher market prices. Despite these challenges, the subdued demand from downstream industries like construction, ceramics, and glass has persisted, preventing a more robust recovery. Focusing on Germany, the country has experienced the most significant price changes within the region. The overall trend in Germany has been upward, with prices reflecting a positive sentiment due to constrained supply and moderate demand levels. Seasonal factors, such as increased construction activity during the warmer months, have also played a role in driving prices up. In conclusion, the pricing environment for Calcium Silicate in Germany has been positive in Q2 2024, with the latest quarter-ending price recorded at USD 830/MT CFR Hamburg. The consistent price increases highlight a market under pressure from supply chain disruptions, macroeconomic challenges, and seasonal demand fluctuations, culminating in a favorable pricing trend for the quarter.
For the Quarter Ending March 2024
North America
In the first quarter of 2024, the pricing trends of Calcium Silicate in North America showed a varying pattern, influenced by several factors. While there was an overall sense of stability, the market in the USA experienced notable fluctuations, with periods of both price increases and stability.
By the middle of the quarter, the USA Calcium Silicate market maintained stable prices after a surge in January. Additionally, the relatively higher import costs of the product contributed to a slight uptick in domestic market prices. The business climate in the US demonstrated a significant increase in economic activity, with companies seeing strong growth in new orders for goods and services. This led to an optimistic outlook and increased confidence in future business prospects.
The growth in construction projects and positive business sentiment propelled the product's upward price trajectory in the US market. Moreover, freight charges associated with importing Calcium Silicate to the US affected product pricing domestically. Nevertheless, the domestic market had sufficient supply, prompting traders to adjust prices with only a marginal increase this quarter.
APAC
Throughout the first quarter of 2024, the pricing dynamics of Calcium Silicate in the APAC region remained subdued, influenced by various factors, with the overall market situation in China playing a significant role in shaping the pricing trend for the quarter. Frequent price fluctuations and an overall downward trajectory characterized the market, mainly attributed to weak demand from the downstream construction sector during the Lunar New Year holidays. The presence of ample product stock further aggravated the situation, leading sellers to offer discounts. Moreover, disruptions in supply routes via the Red Sea and Panama Canal resulted in stockpiling at regional ports, contributing to increased inventory levels and downward pressure on prices. The decrease in demand from the construction sector, as indicated by the business activity index, also had a bearing on pricing. When comparing year-over-year data, the pricing trend for Q1 2024 showed a decline compared to the same quarter in the previous year, reflecting the challenging market conditions. However, there was a slight price increase compared to the preceding quarter of 2023, attributable to pre-holiday restocking and optimistic expectations. Consequently, by the end of the quarter, the product's price in China had declined by 1%.
Europe
During Q1 2024, the pricing dynamics of Calcium Silicate in the European region were characterized by a subdued atmosphere influenced by a variety of factors. The market trend leaned bearish, driven by a combination of low demand and ample supply, which resulted in price reductions. Germany, in particular, witnessed significant price fluctuations due to challenges within its construction sector and economic uncertainties. The construction industry in Germany grappled with issues such as diminished demand, constrained financial conditions, and elevated prices, leading to reduced new orders and an atmosphere of caution in the market. The availability of competitively priced imported materials further compounded the decline in prices. Furthermore, disruptions in container shipping and severe congestion in the Red Sea exerted pressure on supply chains, contributing to the downward trajectory of prices. When comparing year-over-year price changes, there was a depreciation in prices compared to the same quarter last year, underscoring the persistent challenges faced by the market. Ultimately, the final price for Calcium Silicate CFR Hamburg in Germany declined by 1% at the end of the quarter, reflecting the prevailing downward trend in prices during this period.
For the Quarter Ending December 2023
North America
The North American market for Calcium Silicate in the fourth quarter of 2023 witnessed several key factors that influenced prices and market conditions.
Firstly, the market experienced a slight decline in demand, with limited growth in the construction sector. This resulted in lower purchasing activity and reduced orders for the product. Secondly, the availability of Calcium Silicate in the market remained moderate, with a steady supply from traders. However, the limited demand and ample supply contributed to a downward pressure on prices.
Among the countries in the region, the United States had the most significant changes in prices. This decline can be attributed to the subdued demand and ample supply in the market. Additionally, the US market experienced a slight increase in demand towards the end of the quarter, leading to a small price uptick. Overall, the North American market for Calcium Silicate in the fourth quarter of 2023 was characterized by subdued demand, moderate supply, and a slight decline in prices.
APAC
The Calcium Silicate market in the APAC region faced challenges during the fourth quarter of 2023, with a subsequent rebound towards the end of the period. Initially, the market experienced a decline in prices attributed to weak demand and an oversupply of the product. The construction sector, a key consumer of Calcium Silicate, witnessed a slowdown, resulting in decreased new orders and reduced overall activity. This, coupled with a slowdown in infrastructure spending, further impacted the market, leading to price declines and an accumulation of stock. Despite marginal improvements in factory activities, the overall demand remained low. However, a positive shift occurred in China by the conclusion of the quarter, driven by firm market demand. China's efforts to rejuvenate its struggling real estate sector and support post-pandemic economic recovery contributed to increased demand for Calcium Silicate, especially in construction, as well as its applications as an anticaking agent in the food and drug industries. Anticipated gains are expected in the early months of 2024. In China, where the most significant price changes occurred, there was limited availability of Calcium Silicate, resulting in price increases. Nevertheless, the overall demand in the region remained subdued due to a housing market slowdown and reduced infrastructure spending. The quarter-ending price for Calcium Silicate in China was recorded at USD 890/MT FOB Qingdao.
Europe
The fourth quarter of 2023 proved to be challenging for the Calcium Silicate market in Europe, with several factors impacting prices. Firstly, weak demand from the downstream construction industry played a significant role in the declining prices. This was due to a cautious approach among buyers, influenced by high-interest rates and uncertainty in the German market. Additionally, the presence of imported Calcium Silicate in the market further added to the supply, putting additional downward pressure on prices. In terms of specific country analysis, Germany experienced the most significant price changes during the quarter. Furthermore, when compared to the same quarter of the previous year, prices were down by 8%. In conclusion, the Calcium Silicate market in Europe faced downward pressure on prices during the fourth quarter of 2023. Weak demand, increased supply, and cautious buying behavior influenced the market dynamics. The price of Calcium Silicate in Germany decreased by 5.5% during the quarter, reflecting the challenging market conditions. The quarter-ending price of Calcium Silicate CFR Hamburg in Germany for the current quarter is USD 888/MT.
For the Quarter Ending September 2023
North America
As reported by ChemAnalyst, the cost of Calcium Silicate demonstrated a mixed trend during the third quarter of 2023. This fluctuation was primarily attributed to a monthly decrease in new orders, as both domestic and foreign demand remained lackluster. The challenging sales environment compelled companies to scale back their purchases of production inputs, resulting in high inventory levels. Despite a sharp reduction in production stemming from the drop in new orders, companies expanded their workforce at a faster pace, reflecting growing confidence in the production outlook. The manufacturing segment's performance remained weak, and this had a constraining effect on the growth potential of international trade. In the middle of the quarter, domestic market merchants engaged in restocking activities in anticipation of future demand conditions. Furthermore, the price increase was influenced by heightened demand from potential customers and limited stock availability to meet domestic requirements. Additionally, employment levels in the construction sector continued to rise in August. Towards the end of the quarter, the price experienced a 2% drop due to the monthly decline in new orders from the domestic market. Various factors drove the slowdown in the contraction pace within the manufacturing sector. Notably, there was a resurgence in output, accompanied by increased hiring and expanded capacity, all of which contributed to a more optimistic outlook. Furthermore, while new orders were still decreased, it was relatively modest. Despite subdued domestic and international demand, the manufacturing sector saw a reduced rate of decline in its operating conditions. However, a further decline in new orders prompted firms to reduce their purchasing activities, even though input delivery times had improved.
Europe
During the third quarter of 2023, the price of Calcium Silicate exhibited a mixed trend in the German market. The construction Purchasing Managers' Index (PMI) consistently remained below the threshold limits throughout the entire quarter, signaling a sustained decline in the German market's economy. Notably, a significant drop in new orders indicated reduced demand in the eurozone's largest economy. Consequently, builders chose to scale back their purchasing activities and employment, reflecting growing concerns about future production prospects. In the middle of the quarter, the price of Calcium Silicate increased by 3%, primarily driven by a modest improvement in procurement activities. Traders reported that customers from various end-use industries adopted a more cautious approach, buying the product only when necessary, and the limited availability of the product in the market contributed to this slight price rise. Interestingly, while housing construction saw a decline, civil engineering activity defied the trend and returned to growth for the first time in six months. This shift in civil engineering activity could be interpreted as a positive sign, suggesting an increase in procurement activities within the construction sector. At the end of the third quarter, the negative price movement was exacerbated by the arrival of imported cargo from overseas markets. The presence of imported Calcium Silicate in the market added to the supply and further exerted downward pressure on prices. The European market, particularly in the downstream construction industry, continued to experience a downturn, indicating a decrease in confidence levels throughout the third quarter of 2023.
Asia
According to ChemAnalyst, the price of Calcium Silicate in the Chinese market followed a bearish trend during the third quarter of 2023. This was primarily attributed to reduced interest from the downstream construction industry in the region. At the beginning of the quarter, the demand for Calcium Silicate was further hampered by extensive rainfall, negatively impacting China's construction, cement, and ceramic sectors. Additionally, the export of Calcium Silicate to international markets saw a decline in July due to the overall subdued global trade activities among businesses. Midway through the quarter, market stability was influenced by China's non-manufacturing sector, which continued to expand, thanks to the recovery of service industries and a robust construction sector. This led to an overall improvement in business conditions, with an increase in new order intakes. Companies noted that these more stable market conditions had encouraged greater client spending. By the end of the quarter, a surplus of materials in the market enabled domestic manufacturers to offer competitive pricing for their products. However, despite some slight improvements in factory activities, the overall demand for Calcium Silicate remained weak. This suggests that the consumption of this material within the downstream industry fell short of expectations. In essence, while there was an ample supply of Calcium Silicate in the market and manufacturers responded with competitive pricing, the demand side of the equation did not show a significant upswing during this period. Market participants expressed the view that the post-pandemic recovery momentum has not been as robust as initially anticipated.
For the Quarter Ending June 2023
North America
The price trend of US Calcium Silicate witnessed a declining pattern throughout the second quarter of 2023 due to the bearish downstream sentiments in the market. Merchants were not receiving fresh orders from the downstream sector amid high-interest rates, and inflationary pressure in the country dampened the demand among the enterprises. The low demand was mainly driven by poor performance in the downstream construction industry. Overseas sales had dropped notably, and the domestic market remained deteriorated during this period. Further, the major bank failures significantly impact the construction and housing market and the wider economy in the US region. The failures of major US banks have raised questions about the banking system's stability and may cause people to lose faith in it. Enterprises were working on the existing stocks to meet the requirements of the domestic market, and the lackluster demand smoother the supply of the products in the US region. Moreover, the US construction material prices remained flat in June 2023.
APAC
In the second quarter of 2023, the price of Calcium Silicate witnessed a bearish pattern due to the weak demand in the South Korean market. With inflation driving up costs and rising interest rates hurting demand, the downstream construction sector experienced a decline. Throughout the second quarter, there was less demand for Calcium Silicate in the construction industry and products, which helped relieve pressure on construction supply chains. The price drop was supported by stable exporter inventories and less expensive cargo imported for the Korean market. In China, the manufacturing PMI fell below its threshold limits, indicating a decline in production and poor performance from the construction industries. The pace of market recovery slowed down in the second quarter of 2023, and there was not enough momentum for prices to rise. Overall, global trading activities stagnated in Q2, and the demand for the product did not increase from both domestic and overseas markets. Weak house prices and declining exports have increased pressure on policymakers to support real estate and revive pent-up demand. In addition, due to the impact of rainy weather in many parts of the country in June, the operating rate of construction sites has declined, the demand for building materials has declined, and the demand for Calcium Silicate in the cement industry has also decreased.
Europe
The price of Calcium Silicate saw a declining trend in the German market due to the weak fresh orders received from the domestic market during the second quarter of 2023. Improved supply capacity coupled with a drop in demand inevitably pushed prices lower. A further fall in construction activity is being brought on by higher interest rates in the eurozone, and it has further accelerated in residential and commercial buildings month-over-month. The year's greatest decrease in consumer spending was seen in the region. The decline in demand and production was the steepest seen in 2023 so far. Backlog fell sharply in response to the weakness in new orders, and output expectations remained subdued. A lack of new contracts remained the primary factor behind reduced activity, discouraging the firms from buying new materials. One of the main headwinds facing the construction sector was rising interest rates. Alongside heightened customer uncertainty and still-high building prices, it further strained demand for construction work, as highlighted by a further steep drop in new orders. Weakness in the construction sector is becoming more persistent.
For the Quarter Ending March 2023
North America
A weak to stable trend in the price of calcium silicate was seen in the North American market throughout the first quarter of 2023 as a result of the construction and cement sectors' sluggish demand. The product's cost was constrained by the nation's broad availability and the modest demand from downstream industries. The primary reasons why the demand for the construction industry was muted were high-interest rates and inflation. Additionally, the overall trend in freight costs continued to fall, assisting the Calcium Silicate industry in the overseas marketplace. The cost of other building materials, such as cement and concrete, increased in the USA market, which eventually limited the procurement operations.
Asia
The Calcium Silicate market fluctuated upward price trend in the Asian market during the first quarter of 2023. China has accelerated infrastructure investment in the first quarter of this year to propel economic growth and drive up the activity of many associated downstream enterprises and broad market demand for basic materials, including Calcium Silicate. China opened the market after the Lunar holidays, and the market got improved and received more orders from the overseas market, further supporting the price trend. The Purchasing Managers' Index (PMI) for China hit a record high of 57 points in March, and the manufacturing sector index saw a strong gain over the previous 12 months. On the other hand, attitudes among service providers and in the construction sector rose to a 12-year high.
Europe
The first quarter of 2023 saw a declining trend in the price of Calcium silicate commodities in Europe due to a lack of demand around the overseas market. High-interest rates, inflation, and geopolitical concerns all contributed to a fall in product demand. The price of the associated commodities has increased, and the trade activities of Calcium silicate have decreased due to inflation rates. Demand dynamics persisted in their lackluster state and intended a downward trend in pricing for the entire quarter. The cost of Calcium Silicate hovered around USD 1122/MT on a CFR Hamburg basis at the end of the quarter.
For the Quarter Ending December 2022
North America
North American market heard battling with high inflation and the fear of recession, exacerbated by the hit of storm Elliot. However, the effect of the storm remained lower than anticipated earlier, as people were expecting a similar effect to last year's polar storm in Texas. Further, imports remained cheaper in the country from Asia, leading the price of the product to fall further in the market and compelled domestic players to revise their offers due to high competitiveness in the market. Additionally, easing freight charges also remained a major factor behind this prices trend in the country, as easing freight charges led the imports to remain cheaper.
Asia
Asian market witnessed an overall dullness in demand for Calcium Silicate during Q4 2022, owing to a decline in economic activities of economies like China, and stockpiled inventories in major importing countries, where price heard hovering at USD 1065/MT IN November in China. Supplies maintained overall stability throughout the quarter, and no such disturbances in regional trade activities were observed. However, rising uncertainties related to the pandemic reduced the shipment of cargo from China, and some traders witnessed stockpiled inventories. Easing pandemic restrictions also played an important role in driving market sentiments. Demand for the product remained low from the international market during this month, as the current situation in the country has restrained overseas consumers from ordering cargo from China.
Europe
As per the data, the European Calcium Silicate market witnessed a steep and consistent fall in prices throughout the 4th quarter of 2022, owing to deepening recessionary fear and slowing economic momentum of the region. Further, cheaper imports from Asia remained one of the region's major factors behind the price trend. Furthermore, no such supply disturbances were observed across Asia-Europe trade routes during this timeframe. Additionally, easing natural gas prices have also made the market competition in the region, justifying this price trend in the country. The price of calcium Silicate was assessed at around USD 1172/MT during December 2022 in Germany on CFR basis.
For the Quarter Ending September 2022
North America
Stable demand from the domestic pharma industry amidst a smooth flow of cargoes fluctuated the price of Calcium Silicate in the North American market during this quarter. As per the insights, a decline in global Calcium Silicate prices initially affected the price trend in the USA, where prices plunged during the first half of the quarter and showcased a marginal rebound in the latter half. Furthermore, high production costs due to the rise in energy prices kept on concerning producers, as it was affecting profitability. However, the government initiated efforts to cool down inflationary pressure from producers as well as consumers.
Asia
Calcium Silicate prices in China abruptly dropped this quarter as a result of lower national inflation and improved supply chain activities. According to the data, in June 2022, there was a decrease of about 2.5%, which was primarily caused by a fall in factory-gate inflation in the nation. In the meantime, demand from the global market remained stable for the firm. The prices of Calcium Silicate have also been rising for a while, and makers of Calcium Silicate have been forced to adjust their pricing without sacrificing their profit margins as a result of the falling prices of other silicates. As a result, after experiencing a reduction, the price of Calcium Silicate was estimated to be around USD 1162/MT in July 2022.
Europe
Cheaper imports have provided an opportunity for German Cal-Sil traders to revise their offers on the domestic market in Q3 2022. The figures show that July month saw a reduction of about 3%, which was caused by less expensive imports and the falling cost of numerous Silicates on the international market. However, the product's core demand from the downstream pharmaceutical industry held steady to robust in the short term. The country's delayed silicate offtakes as a result of the impending recession have also had an impact on the product's pricing dynamics. Thus, after experiencing a considerable decline for the first two months, Cal-price Sil's in August 2022 on a CFR basis was almost USD 1240/MT.
For the Quarter Ending June 2022
North America
Calcium Silicate price continued escalating throughout the quarter across the US market owing to stable demand fundamentals for the product from the downstream construction and pharma industry amidst high input costs. As per the insights, high raw material costs and soaring natural gas prices during the second half of the quarter led to a steep rise in the price of several commodities, including Calcium Silicate, in the US market. Furthermore, rising domestic freight charges also remained a major concern, as it was another reason for the consistent price uptrend in the domestic market.
Asia
Market sentiments for Calcium Silicate remained buoyant throughout the quarter in the Asian market, while China remained the price fluctuations center. According to the analysis, the price of Calcium Silicate increased by about USD 35/MT in May 2022 in China. According to the sources, this price increase was supported by a steady rise in raw material costs, including expensive coal and low natural gas imports into the country. However, it was observed that the country's need for the product has decreased due to pandemic-related problems. According to a reliable market source, Calcium Silicate prices have stayed strong throughout the quarter even though demand from the cement and pharma industry has decreased due to reduced industrial activity, all thanks to China's Zero COVID policy.
Europe
Due to consistent domestic market offtakes and growing import material prices, ChemAnalyst data indicates a rise of about USD 28/MT in Germany. According to a reliable market source, supply chain disruptions in the local market have caused prices of imported commodities to increase. Since the beginning of the war between Russia and Ukraine in February 2022, trading activities have been disrupted, which makes it more difficult for local players to maintain their industrial activities. From the downstream construction sector, where building material costs have been steadily increasing since February 2022, the demand fundamentals for the product have been constant across the European market.
For the Quarter Ending March 2022
North America
Being a very common product, Calcium Silicate prices maintained overall stability and gained marginally during this quarter, under the influence of rising inflationary pressure on manufacturers. Russia Ukraine conflict has been affecting global crude oil value chain since the Q4 2021, which is still a major concern for key players. Furthermore, demand for the product remained firm from the domestic market, while traders received ample queries from niche buyers. In addition, raw material prices keep on tracing uptrend due to rising upstream value supported by high demand from other downstream segments. Thus, Calcium Silicate prices in USA was assessed as USD 1100/MT during February 2022.
Asia
The Asian Calcium Silicate market was hampered owing to reduced raw material production, supply chain disruptions, and hampered trade movements on the account of Lunar Holidays and Winter Beijing Olympics which caused the prices to skyrocket during the month of February in China. The rise in energy prices coupled with supply disruptions was majorly influenced by the ongoing Russia-Ukraine conflict, that has pushed up Calcium Silicate prices. Upstream feedstocks Hydrochloric Acid and Sodium Silicate prices have risen in China as worldwide demand has surged, affecting the construction industries. With rising bulk purchases in the regional market, buying sentiments were seen to be high.
Europe
The price of Calcium Silicate in Germany increased by 5% month over month to USD 1175/MT in February. Supply restrictions in Germany for the feedstocks Hydrochloric Acid and Sodium Silicate, as well as limited stockpiles in the industries, contributed to the recent price trend. Furthermore, after Moscow's activity in eastern Ukraine, Germany paused the certification process for the Nord Steam 2 pipeline, citing seasonal demand growth, higher scrap costs, and concerns that energy prices could rise further. Downstream demand from the cement and construction industries, as well as the pharmaceuticals industry, appeared to be strong. Traders were heard purchasing on the spot market for the next months, citing logistics limitations and rising transportation costs as reasons.
