For the Quarter Ending September 2024
North America
In the third quarter of 2024, the North American region experienced stable prices for Tricalcium Phosphate, with notable fluctuations in the USA market. Several factors influenced market dynamics, including abundant supply, weak demand, and subdued consumption patterns. The oversupply situation, along with reduced trading activity, contributed to price declines.
Manufacturers responded to lower new orders by scaling back production, resulting in shortened supplier lead times. End-users adopted a cautious purchasing strategy focused on necessity, further dampening overall buying interest. Despite some optimism tied to strategic sales efforts, market sentiment remained weak due to the ongoing surplus and reduced demand.
The USA experienced the most significant price changes during the quarter, marked by challenges related to limited inventory and rising prices. Increased demand from downstream industries and positive market sentiment drove prices higher, while slight fluctuations in the pricing environment persisted. By the end of Q3, the USA Tricalcium Phosphate market saw a significant price increase, primarily due to heightened demand in both domestic and export markets, compounded by declining inventory levels and robust end-user consumption. US importers and suppliers are currently facing inventory shortages, exacerbated by China’s Golden Week holiday. The quarter-ending price settled at USD 1,205 per metric ton of Tricalcium Phosphate, CFR New York, reflecting the overall pricing trend in the region. Notably, no disruptions or plant shutdowns were reported during the quarter.
APAC
The third quarter of 2024 for Tri Calcium Phosphate in the APAC region has been characterized by stable prices, with minimal fluctuations overall. However, significant price volatility was observed in China, influenced by a combination of economic, geopolitical, and seasonal factors. In July, prices declined sharply due to the appreciation of the Chinese yuan against the US dollar. This appreciation diminished arbitrage opportunities for exporters and increased domestic supply, reducing global competitiveness. Geopolitical tensions further disrupted trade flows and heightened freight costs, complicating supply chain logistics amidst weakened demand. Seasonal shutdowns of manufacturing plants led to inventory liquidation efforts, particularly for heat-sensitive products like Tri Calcium Phosphate. These challenges, alongside lower cargo availability and shipment delays, placed downward pressure on prices.
August saw a continuation of this downward trend, as manufacturers sought to clear excess inventory accumulated during peak production periods. Weakened downstream purchasing further intensified price pressure, affecting various importing countries. To remain competitive, manufacturers implemented aggressive pricing strategies, while the ongoing monsoon season prompted discounts to mitigate inventory damage risks.
In September, the market experienced a sharp price increase driven by limited supply and rising demand. Proactive buying ahead of production facility reopenings fostered a competitive environment, with concerns over potential shortages amplifying urgency. The festive season and winter months bolstered demand from the food and pharmaceutical sectors, prompting companies to build inventories to guard against supply disruptions. Supply chain disruptions exacerbated the situation, contributing to rising prices. The stronger yuan improved the competitiveness of Chinese exports, while increased Phosphoric Acid costs due to plant suspensions reduced market inventories. Additionally, severe typhoon conditions caused significant shipping disruptions, further aggravating inventory shortages and transportation bottlenecks, ultimately driving up export prices. By the end of the quarter, the price of USD 1,060 per metric ton (MT) of Tri Calcium Phosphate FOB Shanghai reflects overall stability and a positive outlook for the APAC region's market.
Europe
In Q3 2024, the pricing environment for Tricalcium Phosphate in Europe remained stable, influenced by several key factors. Global supply chain disruptions, subdued demand in essential sectors, and ample inventory levels contributed to this equilibrium. Germany notably experienced the most significant price fluctuations within the region. Despite challenges, the German Tricalcium Phosphate sector demonstrated resilience, with prices remaining stable throughout the quarter.
The correlation between price changes in the first and second halves of the quarter was neutral, indicating balanced market sentiment. Seasonal trends did not significantly impact pricing dynamics, as market fundamentals and macroeconomic factors were more influential. In September, however, the German market witnessed a price increase driven by robust bulk purchasing and limited stock availability. Suppliers effectively managed inventories to meet demand and mitigate supply chain disruptions, though logistics presented additional challenges.
Freight rates on key Asia-Europe routes decreased, with shipping costs from China to Northern Europe dropping by approximately 9%, reducing the price for a 40-foot container to $3,848. However, a typhoon-related disruption at the Shanghai port caused delays in the arrival of critical components for European production, straining inventory management. Inflationary pressures increased input and output costs throughout the supply chain. While production levels improved, the influx of new inventory remained constrained, intensifying market pressures. The quarter concluded with Tricalcium Phosphate priced at USD 1,170/MT CFR Hamburg in Germany, reflecting a consistent and stable pricing environment amid various challenges.
For the Quarter Ending June 2024
North America
In Q2 2024, the North American Tri Calcium Phosphate market experienced overall an upward pricing trajectory with a significant drop witnessed in the start, influenced by a confluence of significant factors.
Constrained supply chains, exacerbated by geopolitical tensions and natural events, notably the drought impacting the Panama Canal, created logistical bottlenecks. These disruptions, coupled with a sustained global demand surge and escalating energy and transportation costs, led to a complex market environment. Plant shutdowns, such as those in key production areas, further tightened supply, driving prices higher. In the USA, which witnessed the most pronounced price fluctuations, the market dynamics were particularly impacted by these global disruptions. The seasonality of the peak shipping season and concerns over potential labor disputes at ports contributed to elevated costs.
Additionally, the depreciation of the USD added another layer of complexity, making imports more expensive and thereby increasing domestic prices. A comparison between the first and second half of the quarter revealed a 6% price increase, underlining this trend. However, in the beginning of the quarter, the prices dropped considerably marked by reduced downstream purchasing and newer orders resulting in a higher inventory stockpiled among the traders. This surplus stock, coupled with diminished purchasing trends and waning consumer confidence across diverse end-user sectors, notably amid escalating inflationary pressures, has dampened demand prospects. Additionally, the market continues to struggle to regain momentum following a sequence of preceding events, further tempering downstream sector demand. overall, Despite a 9% decrease from the previous quarter, the long-term pricing environment remained positive, with Q2 ending at $1220/MT USD for Tri Calcium Phosphate.
APAC
In Q2 2024, the Tri Calcium Phosphate market in the APAC region experienced significant price increases, driven by a confluence of factors that underscored a robust demand and constrained supply environment. Overall, the quarter saw heightened demand from various sectors, coupled with limited product availability and escalating input costs, particularly in energy. These dynamics created an imbalance that supported the upward price trajectory. Logistics challenges, including elevated freight costs stemming from surging crude oil prices, added further pressure, while the depreciation of local currencies against the US Dollar exacerbated import costs. Seasonal influences, such as increased power consumption during heatwaves, also contributed to higher production expenses.
Focusing on China, the country experienced the most notable price changes within the region. The appreciation of the Chinese yuan against the US Dollar opened an attractive arbitrage window for Chinese exporters, leading to a scarcity of domestic supplies as exporters capitalized on global demand. This scarcity was compounded by anticipation of scheduled maintenance shutdowns at several manufacturing plants, such as those by major producers, which further tightened the supply chain. Despite a contracting Manufacturing PMI indicating a slower pace of industrial activity, the market observed a persistent increase in inquiries and spot market transactions, reflecting a robust and optimistic demand outlook.
However, the market also witnessed some signs of a downward trend in the beginning of the quarter supported by lower than anticipated inquiries arrived from the end-user, resulting in an higher inventories stockpile. As a result, this surplus prompted market players to strategically adjust prices downward, aiming to destock existing inventories and create space for replenishment. Despite, this, the overall trend for Q2 2024 displayed a positive pricing environment, with price for Tri Calcium Phosphate in China in the end settling at USD 1080/MT.
Europe
In Q2 2024, the Tri Calcium Phosphate market in Europe followed the market trend witnessed in other importing nations, including the United States, driven primarily by escalating production costs in major manufacturing hubs. The increasing cost of raw materials, coupled with heightened fuel prices, significantly influenced the final product prices.
Moreover, supply chain disruptions, including the Panama Canal drought and logistical bottlenecks from the Houthis' campaign against Israel in Gaza, compounded the challenges, leading to reduced vessel traffic and subsequent delays. These disruptions caused a ripple effect across Europe, further straining supply chains and contributing to the price surge. Germany, in particular, saw the most pronounced price changes, reflecting the dynamics of the broader European market.
The country's inflation rate exceeded forecasts, exacerbating the upward pressure on prices. The German market also faced significant port congestion and container imbalances due to delayed shipping schedules, adding to the overall price volatility. The depreciation of the US dollar further complicated market conditions, enhancing import costs and amplifying the inflationary pressures. As a result, price of Tri Calcium Phosphate in Germany closed at USD 1185/MT, signaling a persistently positive pricing environment despite the market's complexities witnessing a significant drop in the beginning.
For the Quarter Ending March 2024
North America
Throughout the first quarter of 2024, the Tricalcium Phosphate market in North America experienced a generally declining trajectory. Market prices fluctuated, with a notable trend being observed. The latest quarter-ending price for Tricalcium Phosphate CFR New York in the USA was USD 1180/MT, showing an average quarterly decline of 2.63%.
Key factors affecting these prices included supply and demand dynamics. While there was a moderate to high supply of Tricalcium Phosphate, demand from downstream sectors remained relatively low to moderate, resulting in a slightly weakened pricing environment. Global market dynamics, particularly changes in China's pricing strategies and reduced international demand, also influenced US market prices. The strength of the US dollar against other currencies facilitated advantageous import opportunities. Market players engaged in inventory management practices as the quarter ended, aiming to destock inventories and prepare for replenishment with fresh supplies, which helped optimize inventory levels and maintain market liquidity.
However, prices did increase steadily in January due to geopolitical tensions and trade disruptions. Export challenges, such as shipping lines rerouting ships to avoid the Red Sea, led to higher shipping costs, order cancellations, delays in container movement, and an uncertain outlook. Container freight rates also impacted industries reliant on maritime transport. Additionally, the prices of the raw material phosphoric acid were decreasing during this period.
Asia Pacific
Throughout the first quarter of 2024, the pricing of Tricalcium Phosphate in the APAC region experienced notable fluctuations, culminating in Tricalcium Phosphate FOB Shanghai in China priced at USD 1240/MT by the quarter's end, reflecting a 2.76% average quarterly decrease.
In the Chinese market, these fluctuations were driven by a complex interplay of factors. February saw a significant decline in prices, attributed to the traditional Spring Festival and Lunar New Year closures, which curtailed demand from industries reliant on Tricalcium Phosphate. Additionally, labor shortages in producing factories further limited output. To mitigate surplus stock before the holidays, aggressive pricing strategies were employed, compounded by logistical disruptions and accumulation of products in warehouses. Furthermore, the downward trend in raw material prices, notably phosphoric acid, added to pricing pressures. March continued the downward trend, influenced by currency devaluation, excess supply, normalized freight charges, and heightened market competition. Lower phosphoric acid prices further impacted downstream trading entities.
However, at the start of the quarter, increased demand for Tricalcium Phosphate prompted a temporary price increase, driven by a desire to secure larger quantities and strategic bulk ordering. Manufacturers adjusted pricing strategies to maintain profitability amidst these dynamic market forces, emphasizing the need for adaptability and vigilance for all involved in the Tricalcium Phosphate market.
Europe
The pricing dynamics of Tricalcium Phosphate in the European market during the first quarter of 2024 have been influenced by various factors. By the end of the quarter, the latest price for Tricalcium Phosphate CFR Hamburg in Germany stood at USD 1045/MT, showing an average quarterly decline of 1.37%.
Overall, there has been a negative pricing trend, with prices showing a decrease compared to the same period last year. This decline is primarily attributed to significant price reductions seen in key exporting regions, notably the Asia-Pacific (APAC) region, which has had a notable impact on global Tricalcium Phosphate markets. During this quarter, the market experienced a substantial price decrease due to reduced demand from downstream sectors and the Euro's depreciation against the USD, leading to higher costs of imported goods. Additionally, seasonal factors such as pre-Lunar New Year and spring holidays in exporting nations have prompted market participants to destock inventories at discounted rates, further contributing to the price decline.
Although there was an initial price increase in January, attributed to supply chain disruptions like shipping line rerouting and disruptions in the Red Sea region, prices decreased overall within the quarter compared to the previous one in 2024.
For the Quarter Ending December 2023
North America
In the last quarter of 2023, the Tri Calcium Phosphate market in North America experienced significant developments. Although Tri calcium phosphate prices had been increasing throughout Q4, a slight dip occurred in the middle of Q4 2023. This decrease was attributed to weakened consumption, ample existing inventories among suppliers, elevated market prices due to high energy costs, and the impact of exchange rates on imported raw materials.
To sum up, the price of Tri Calcium Phosphate CFR New York in the USA at the end of the fourth quarter was USD 1350/MT, with an average quarterly increase of 1.82%. In the US market, Tricalcium phosphate prices closely mirrored the previous month's pattern, consistently rising due to a steady uptick in consumption. The heightened demand for Tricalcium phosphate was fueled by various factors, including recent hikes in production expenses and surging energy costs in exporting nations, consistently propelling overall market prices upward.
In response to this increased demand, market participants issued new price quotes to replenish their inventories and meet customer needs. Downstream panel factories continued their procurement based on demand, leading to heightened bidding and offers among enterprises that influenced market dynamics. This surge in demand put pressure on existing supply chains, creating a ripple effect on prices. The rising global cost of freight also played a crucial role in shaping the market dynamics for Tricalcium Phosphate in the US. Moreover, the positive market trend in Q4 2023 was further bolstered by the support in costs from upstream raw material phosphoric acid prices. The higher prices of raw materials, particularly phosphoric acid, contributed to an increase in overall production costs, making market sentiments robust.
Asia Pacific
In the APAC region, the Tri Calcium Phosphate market faced various influences on both market dynamics and pricing during the fourth quarter of 2023. In Q4 2023, the Chinese Tri Calcium Phosphate market encountered a substantial price surge, posing challenges for manufacturers. The unexpected and noteworthy price increase in China was primarily driven by heightened demand from end-users. The "golden September" and "silver October" seasons spurred renewed interest among downstream customers, leading to an increased inclination to secure larger quantities, subsequently raising production costs. In response, manufacturers had to adjust their pricing strategies to sustain profitability. Another contributing factor to the price surge was strategic bulk ordering by market participants aiming to replenish their inventories. The intensified demand led buyers to expedite their Tri Calcium Phosphate procurement, creating additional pressures during the holiday season. However, in November 2023, the cost of Tri Calcium Phosphate significantly decreased as local suppliers, dealing with excess inventory, chose to reduce margins and lower prices to clear their stocks and make room for fresh inventories. Additionally, weak foreign demand prompted substantial price cuts from Tri Calcium Phosphate suppliers in China. As December approached, anticipation of increased demand before major holidays, such as the Chinese New Year, led to temporary shortages and price hikes during inventory replenishment. Challenges extended to transportation networks, which experienced delays and higher shipping costs due to increased goods and demand. The Tri Calcium Phosphate FOB Shanghai price in China for Q4 settled at USD 1090/MT, reflecting an average quarterly increase of 3.86%.
Europe
In the final quarter of 2023 in Europe, the Tri Calcium Phosphate market witnessed noteworthy developments. Tri calcium phosphate prices had been on the rise throughout Q4. In the German market, Tricalcium phosphate prices closely followed the pattern of the previous month, consistently increasing due to a steady uptick in consumption. The Euro appreciated by 0.15% against the USD during this quarter. The heightened demand for Tricalcium phosphate was driven by several factors, including recent increases in production expenses and soaring energy costs in exporting nations, which consistently pushed overall market prices upward. In response to this increased demand, market participants issued new price quotes to replenish their inventories and meet customer needs. Downstream panel factories continued their procurement based on demand, leading to heightened bidding and offers among enterprises that influenced market dynamics. This surge in demand exerted pressure on existing supply chains, creating a ripple effect on prices. The rising global cost of freights also played a crucial role in shaping the market dynamics for Tricalcium Phosphate in Germany. Moreover, the positive market trend in Q4 2023 was further strengthened by the support in costs from upstream raw material phosphoric acid prices. The higher prices of raw materials, particularly phosphoric acid, contributed to an increase in overall production costs, making market sentiments robust. However, in the middle of Q4 2023, the process saw a slight decrease due to weakened consumption, sufficient existing inventories among suppliers, increased market prices due to high energy costs, and the influence of exchange rates on imported raw materials. In summary, the price of Tri Calcium Phosphate CFR Hamburg in Germany at the end of the fourth quarter was USD 1280/MT, with an average quarterly increase of 1.93%.
For the Quarter Ending September 2023
North America
During the third quarter of 2023, the North American Tricalcium phosphate market experienced a noteworthy devaluation. Throughout the July to September period, CFR New York prices for Tricalcium phosphate witnessed a decline, dropping from $ 1280 per metric ton to $ 1280 per metric ton, signifying the close of the quarter. This price fluctuation unequivocally signaled a preference for price reduction, resulting in an average quarterly decrease of 0.47%. The global Tricalcium phosphate market, during this interval, grappled with an oversupply predicament, which consequently led to a significant dip in market values. Adding to the complexity of the situation, domestic traders strategically amassed substantial Tricalcium phosphate inventories. To mitigate potential losses, these traders adopted a strategic approach by lowering their price quotations, thereby further contributing to the overall decline in market prices. Despite a modest deceleration in inflation during the third quarter, primarily attributed to significant economic shifts in the United States, market participants remained watchful due to the Federal Reserve's decision to increase interest rates. The reduction in Tricalcium phosphate prices can be largely ascribed to a substantial decrease in the cost of its primary raw material, Phosphoric acid, in exporting countries. This factor played a pivotal role in influencing the manufacturing cost of Tricalcium phosphate in these exporting nations. Moreover, North American countries, being the principal importers of Tricalcium phosphate, closely mirrored the pricing trends observed in the Chinese market, where China acts as the primary exporter. Consequently, the third quarter of 2023 presents a unique opportunity for businesses and consumers alike to capitalize on the reduced pricing of Tricalcium phosphate in the North American market.
Asia Pacific
During the third quarter of 2023, the Tricalcium phosphate market underwent a notable and favorable transformation. Prices exhibited a downward trend, decreasing from $980 per metric ton in July to $975 per metric ton FOB Shanghai in September, marking a significant quarterly average decrease of 0.47%. This price fluctuation was primarily driven by substantial reductions in Tricalcium phosphate prices, stemming from a noteworthy decline in the cost of its raw materials, particularly Phosphoric acid, in the domestic market. Furthermore, the import of raw material at highly competitive rates and in large quantities also played a pivotal role in shaping the market trajectory. The backdrop to this price reduction was heavily influenced by the economic conditions, especially in China, the world's second-largest economy. China experienced an economic slowdown that extended from the first half of 2023 into the second half, which cast a shadow over the beginning of the third quarter. This deceleration can be attributed to a combination of factors, including increased deflation, a surge in youth unemployment, and weakened foreign demand. In terms of manufacturing, Tricalcium phosphate production in China remained closely attuned to customer demand, adapting to the ever-changing market dynamics. During this period, a notable decline in demand was observed, not only within the domestic market but also from international markets. This synchronized decrease in demand further reinforced the market dynamics in the third quarter.
Europe
In the third quarter of 2023, we observed a substantial transformation in the pricing dynamics of Tricalcium phosphate. Prices decreased from $ 1230 per metric ton in July to $ 1210 per metric ton CFR Hamburg by September, signifying a significant decline with a quarterly average decrease of 1.01%. This shift was primarily instigated by an oversupply of Tricalcium phosphate on a global scale, exerting downward pressure on its market valuation. Complicating matters further, domestic traders chose to amass significant Tricalcium phosphate inventories. To proactively manage this challenge and mitigate potential losses, they strategically opted to lower their price quotations, thereby contributing to a broader devaluation of the market. The noteworthy drop in Tricalcium phosphate prices can be attributed to a substantial reduction in the cost of its primary raw material, Phosphoric acid. This pivotal alteration influenced the overall manufacturing cost of Tricalcium phosphate in exporting nations, resulting in a downward price trend. Additionally, the European market, a major Tricalcium phosphate importer, and China, a leading exporter, closely monitored the pricing patterns of the Chinese market. Consequently, this price decrease reflects the broader dynamics of the global market.
For the Quarter Ending June 2023
North America
In the second quarter of 2023, Tri Calcium Phosphate prices in the US market fell significantly due to sporadic fluctuations between supply and demand during the month. The price was valued at the end of Q2 2023, representing an average quarterly decline of 10.56%. Market trading fundamentals were impacted by weak demand and high inventories. In addition, the downward trend in prices further intensified due to the global drop in phosphoric acid raw material prices. Retail sales fell due to high inflation. The US Tri calcium phosphate market experienced a slowdown due to decreased demand from downstream industries. This led to excess inventory, forcing suppliers to lower prices. The ongoing economic instability in the US and rising global inflation have also contributed to the decline in demand. The major players in the market are expected to further reduce prices, which will discourage restocking by distributors and suppliers. In conclusion, the US Tri calcium phosphate market is facing several challenges, including declining demand, excess inventory, and falling prices.
Asia
The market price of Tri Calcium Phosphate declined significantly in the second quarter of 2023, driven by weak domestic and international demand. The price was valued and acquired at the end of Q2 2023, with an average quarterly decline of 9.56%. China's import and export activities were mixed. China CFR Shanghai Tri Calcium Phosphate price chart market showed a downward trend in prices as negotiations progressed. Bearish demand and lowering offtakes from end-user industries kept the market situation feeble. Also, the currency fluctuation further influenced the market trajectory. Moreover, the depreciating raw material phosphoric acid prices further supported the depreciating trend. Due to large inventories of Tri Calcium Phosphate, suppliers have had to reduce prices to reduce existing inventories. Some market participants reduce inventories and improve cash flow. The demand for Tricalcium phosphate from the agricultural fertilizer and food industries decreased due to uncertain economic conditions and rising inflation. This led to a halt in trade, and inventory levels increased as producers increased production. Feedstock suppliers offered at a lower price in the spot market, which further reduced Tricalcium phosphate prices. Major market players reported that buyers were hesitant to place large orders due to concerns about further price declines. Freight transport volume also increased in June, with the index rising to 51.2 points. This was driven by an increase in both domestic and international trade. Warehouse occupancy rates remained high in June, with the index standing at 52.3 points. This was due to strong demand from the e-commerce and manufacturing sectors.
Europe
In the second quarter of 2023, the demand for Tri Calcium Phosphate decreased, leading to a decline in market prices. Tri Calcium Phosphate prices fell by an average quarterly declination of 10.05%. The availability of domestic supplies and a decrease in demand in the local as well as in the international market impacted commodity prices. Germany’s Regional Tricalcium Phosphate market continued to be hostile throughout the second quarter. Also, considerably low consumer demand in downstream sectors and the suppliers' ability to meet local requests with their available inventories are to blame for the drop in Tricalcium Phosphate import prices. Increase in the supply of Tricalcium Phosphate, which has put downward pressure on prices. The manufacturing units have been forced to sell Tricalcium phosphate at lower prices, but buyers are still waiting to see if prices will drop further. Import offers have increased this week, but they remain substantially below domestic prices. European buyers of Tricalcium phosphate are delaying restocking due to a lack of end-user demand, and there are downbeat price expectations for June.
For the Quarter Ending March 2023
North America
The first quarter of 2023 saw an incline in prices in the North American market for Tricalcium Phosphate. Price inclination in the first part of the quarter was caused by tight port congestion in the US, which substantially limited trade activity from importing nations. Due to a number of factors, including the US's skyrocketing inflation, the political turmoil in Russia and Ukraine, and the wildly fluctuating nature of oil prices, domestic traders and producers continued to be concerned about the high cost of chemicals including Tricalcium Phosphate used in the food and beverage industry throughout the quarter. Strong offtakes and the availability of insufficient stockpiles have further encouraged the growth in the price of the product. Offtakes in the downstream sectors of the region were stable throughout the quarter and continued to rise in the second half of the quarter. Towards the end of the quarter, the prices for Tricalcium Phosphate were assessed at around USD 1820/MT for CFR New York in March.
Asia Pacific
Tricalcium phosphate prices in the Asia Pacific region inclined in the first quarter of 2023 due to many reasons. Due to an increase in food additive production during the spring festival, the price and demand for Tricalcium Phosphate in China's domestic market increased for the entire month. The product's continually expanding demand from end-user businesses was the primary driver of this small price hike. The expanding tendency has also been impacted by upstream suppliers' continuous requests. Offtakes from the downstream food and beverage sectors remained high throughout the quarter due to low inventories kept by suppliers and consumers in the Chinese and Indian markets. Toward the end of the quarter, the prices were assessed around USD 1340/MT for FOB Shanghai in March.
Europe
The Tricalcium Phosphate market in Europe inclined during the first quarter of 2023. The trend of Tricalcium Phosphate price hikes has been supported by the moderate downstream demand in the German market and encouraging supplier inquiries. China's production increased at its fastest rate in February as a result of the product's reliance on imports from that country. Additionally, export orders rose for the first time in nearly two years, helping to sustain Germany's small growth in Tricalcium Phosphate prices. Throughout the quarter, offtakes in the region's downstream industries remained high. The price incline that was observed in the second half of the quarter was influenced by consistent offtakes and the presence of insufficient stockpiles. Towards the end of the quarter, the prices for Tricalcium Phosphate were assessed at around USD 1720/MT for CFR Hamburg in March.
For the Quarter Ending December 2022
North America
The fourth quarter of 2022 saw fluctuation in the North American market for Tri calcium phosphate. Price declines in the first half of the quarter because of protracted port congestion in the US, severely restricting trade activity from importing nations. Domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter due to a number of factors, including the US's skyrocketing inflation, the geopolitical unrest in Russia and Ukraine, and the wildly fluctuating nature of oil prices. Offtakes in the downstream industries of the region were constant throughout the quarter Prices declined in the second half of the quarter because of consistent offtakes, and the availability of sufficient inventories has further supported the decrease in the price of the product. Towards the end of the quarter, the prices for Tricalcium Phosphate were assessed at around USD 1700/MT for CFR New York in December.
Asia Pacific
Tricalcium phosphate sales in the Asia Pacific region started to decline in the fourth quarter of 2022 for a variety of reasons. Tricalcium phosphate prices decreased in the Chinese market for the first half of the quarter before leveling off in the second. Because China is the world's largest supplier of tricalcium phosphate, the tolerance standards were loosened, and restrictions were removed, which greatly facilitated manufacturing and logistics. This made it challenging to convey the product across the nation and to significant international ports. Due to significant inventories held by suppliers and consumers in the Chinese and Indian markets, offtakes from the downstream food and beverage sectors remained steady throughout the quarter. Toward the end of the quarter, the prices were assessed around USD 1210/MT for FOB Shanghai in December.
Europe
The Tricalcium Phosphate market in Europe fluctuated during the fourth quarter of 2022. As a result of continuous port congestion in the US, which severely curtails commercial activity from importing nations, prices climbed in the first part of the quarter. Due to a number of factors, including the US's skyrocketing inflation, the geopolitical unrest in Russia and Ukraine, and the wildly fluctuating nature of oil prices, domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter. Throughout the quarter, offtakes in the region's downstream industries remained steady. The price decline that was observed in the second half of the quarter was influenced by consistent offtakes and the presence of sufficient stockpiles. Toward the end of the quarter, the prices for Tricalcium Phosphate were assessed at around USD 1600/MT for CFR Hamburg in December.
For the Quarter Ending September 2022
North America
The third quarter of 2022 saw a little change in the North American market for Tri Calcium Phosphate. Due to prolonged port congestion in the US, prices rose in the first part of the quarter, severely limiting trade activity from importing nations. Due to several factors, including the US's skyrocketing inflation, the geopolitical unrest in Russia and Ukraine, and the wildly fluctuating nature of oil prices, domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter. Over the quarter, offtakes in the region's downstream industries remained consistent. Prices declined in the second half of the quarter because of consistent offtakes, and the availability of sufficient inventories has further supported the decrease in the price of the product. Towards the end of the quarter, the prices for Tri Calcium Phosphate were assessed around USD 2040/MT for CFR New York in September.
Asia Pacific
The third quarter of 2022 saw a declining trend in the market for tricalcium phosphate in the Asia Pacific area because of many causes. Prices for Tri Calcium Phosphate fell throughout the first half of the quarter in the Chinese market before leveling off in the second half. The tolerance regulations were relaxed, and limits were lifted because China is the world's largest supplier of tricalcium phosphate, which considerably aided production and logistics. This made it difficult for the product to be shipped throughout the country and to important international ports. Offtakes from the downstream food and beverage sectors were consistent throughout the quarter due to ample supplies retained by suppliers and customers in the Chinese and Indian markets. Toward the end of the quarter, the prices were assessed around USD 1350/MT for FOB Shanghai in September.
Europe
The Tri Calcium Phosphate market in Europe hardly changed during the third quarter of 2022. Prices increased in the first half of the quarter because of ongoing port congestion in the US, significantly restricting trade activity from importing countries. Domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter due to several factors, including the US's skyrocketing inflation, the geopolitical unrest in Russia and Ukraine, and the wildly fluctuating nature of oil prices. Offtakes in the downstream industries of the region were constant throughout the quarter. Consistent offtakes and the availability of adequate inventories contributed to the price fall that was seen in the second half of the quarter. Towards the end of the quarter, the prices for Tri Calcium Phosphate were assessed around USD 1908/MT for CFR Hamburg in September.
For the Quarter Ending June 2022
North America
Tri Calcium Phosphate's market in North America remained brisk throughout the second quarter of 2022. Due to protracted port congestion in the US, trade activity from the importing countries was significantly hampered. Domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter due to several factors, such as the US's soaring inflation, the geopolitical unrest in Russia and Ukraine, and the wildly fluctuating nature of oil prices. The downstream sectors in the region continued to see steady offtakes over the quarter.
Asia Pacific
Due to several factors, the Asia Pacific region's Tri Calcium Phosphate market showcased a decreasing trend during the second quarter of 2022. Tri Calcium Phosphate values in the Chinese market decreased during the first half of the quarter before stabilizing in the second half of the quarter. Due to the unreasonable zero covid tolerance policy implemented after the covid outbreak in the first week of April, sending the product to foreign markets became much more difficult. Considering China is the largest exporter of Tri calcium phosphate, the tolerance laws and restrictions greatly hampered production and logistics. This inhibited the product's ability to be transported across the nation and to significant international shipping ports. Due to adequate stocks held by suppliers and customers in the Chinese and Indian markets, offtakes from the downstream food and beverage sectors remained stable throughout the quarter
Europe
During the second quarter of 2022, the European Tricalcium Phosphate market remained favorable. Offtakes in the downstream food and beverage industries remained constant throughout the quarter regarding demand. Local manufacturers and traders had a substantial supply of goods available to meet the overall downstream demand in the European market. While the crisis between Russia and Ukraine severely affected shipping costs and the flow of commodities into and out of Europe, it also made it more challenging for Russia and Germany to conduct business with the international markets.
For the Quarter Ending March 2022
North America
Prices of Tri Calcium Phosphate fluctuated in the North American market during the quarter 1 of 2022, on the back of unstable demand and supply gap. The consumption of Tri Calcium Phosphate in food and healthcare industry witnessed see-sawed trend throughout the quarter which eventually caused instability in Tri Calcium Phosphate prices. Besides, the unsteady pricing trend of raw material Yellow Phosphorus further influenced the Tri calcium Phosphate market and caused the prices to waver even more. Conclusively, the evaluated prices of Tri Calcium Phosphate in the US were assessed at USD 3120/ MT in January, which decreased to USD 2985/MT in the month of February.
APAC
Mirroring the pricing trend in North America, prices of Tri Calcium Phosphate showcased a flickering trend in Asia-Pacific region during the 1st quarter of 2022. The prime factor behind this instability in prices were inconsistent demand from end-user industries. Furthermore, the supply rate was see-sawing and the prices of Tri Calcium Phosphate Retail were assessed at USD 2100 in January which decreased to INR 1900/ MT In February. Traders remained anxious as buyers adopted a wait and see approach amidst the uncertain pricing trajectory.
Europe
Prices of Tri Calcium Phosphate exhibited the same trend in European countries as it has showed in North America and Asia-Pacific region. Tri Calcium Phosphate prices showcased high volatility amidst inconsistent downstream demand during the 1st quarter of 2022. Conclusively, prices of Tri Calcium phosphate in Germany assessed at USD 3295/MT CFR Hamburg during the month of January which first decreased in February and then witnessed a surge in March 2022.
For the Quarter Ending December 2021
North America
Global scarcity of raw material induced after production halts in China increased the prices of Tri Calcium Phosphate in US market. Despite lukewarm demand from the domestic market, Tri Calcium Phosphate price remained buoyant throughout the quarter. China is the largest manufacturer of yellow phosphorus, which is a prime feedstock for Tri Calcium Phosphate, thus production cuts in the country affected global supply chain of raw material yellow phosphorus and thus prices skyrocketed within a small span of time. Taking pressure from high raw material price, Tri Calcium Phosphate prices rose effectively and heard hovering around USD 6800/MT during final week of December.
Asia
Asian market shook by changing dynamics of supply chain, as the production cuts in China put burden on other countries. Due to dual energy policy in China and later production cuts imposed in order to reduce emission ahead of winter Olympics, made a significant impact on prices of several commodities including Tri Calcium Phosphate in regional market. After witnessing exponential rise in raw material yellow phosphorus cost, China started importing yellow phosphorus from Vietnam, which reduced the availability in global market, as Vietnam is the global players of yellow phosphorus. Meanwhile, Indian market also baffled with changing market trend of China, as the country highly depend upon China for imports. These issues escalated prices of Tri Calcium Phosphate in India, which hovered around USD 2148/MT during December.
Europe
Similar to other regions, European market also witnessed a similar market trend during this quarter. Global raw material scarcity influenced European market too, which pushed up prices of raw material yellow phosphorus. Europe also imports yellow phosphorus from Kazakhstan and Vietnam, thus due to unavailability of product in China, prices of raw material shot up in Europe too. Furthermore, Europe also had to face other issue i.e., soaring natural gas prices, which was the prime factor behind rising cost of production. These price escalations also pushed up the price of Tri Calcium Phosphate across the regional market.
For the Quarter Ending September 2021
North America
In North America, prices of Tri-Calcium Phosphate (TCP) rose effectively in Q3 of 2021 backed by the increment in the prices of feedstock Phosphoric Acid. Moreover, the demand for TCP from the downstream manufacturers also improved in this quarter which further led to the hike in the prices of TCP across the region. Besides, with lower production levels owing to the impact of Ida hurricane coupled with the logistical issues TCP values shot up in this timeframe in North American region as well as in the international markets.
Asia Pacific
Market outlook of Tri Calcium Phosphate observed a significant rise in the Asia Pacific region in Q3 2021. Prices soared in the Asian markets owing to the spiraling values of Phosphoric Acid in the region due to a strong rise in global demand. In India, prices of Tri Calcium Phosphate soared during this quarter backed by firm offtakes from the downstream industries and the global upsurge in the feedstock Phosphoric Acid prices. Furthermore, expensive imports from other countries due to high freight charges and low availability of shipping containers also influenced the values of Tri Calcium Phosphate in this quarter. Tri Calcium Phosphate Ex-Bhiwandi prices settled at USD 1042 per MT in September showcasing a significant hike by around USD 154/MT since July.
Europe
In Europe, Tri Calcium Phosphate market experienced an upward rally in the third quarter of 2021. Increment in the values of feedstock Phosphoric Acid and stable demand further led to the increased price of TCP across the region. Moreover, lower imports from the international market due to the impact of Ida hurricane and congestion on several ports in China further tightened the supply which directly shot up TCP prices in the region. Besides, rising energy costs in Europe due to the natural gas crisis further pushed up TCP prices to record levels in Q3.
For the Quarter Ending June 2021
North America
During the second quarter of 2021, supplies of Tri-Calcium Phosphate (TCP) in the North American region improved as the inventories level of the key feedstock calcium hydroxide were significant to amplify the production of Tri-Calcium Phosphate. Soaring Phosphoric Acid kept the prices reasonably high despite stable demand from the downstream consumer goods industry throughout the second quarter of 2021. TCP sales remained subdued as shipment and transport disruptions continued to weigh on the market supply, further adding tailwinds for the regional pricing.
Asia Pacific
In the Asia Pacific region, Tri Calcium Phosphate (TCP) supply was ample to meet rising enquiries from the downstream industry. Despite the second COVID wave in India the offtakes were consistent from the downstream consumer goods industries. Surplus inventories of upstream Calcium Hydroxide supported the production of Tri-Calcium Phosphate whereas, some hinderance could be sensed due to the reduced production rate in the Phosphoric Acid industry. Overall, TCP demand outlook in the Asia pacific region was firm along with the consistent offtakes from the consumer goods industry such as toothpaste and baby powder.
Europe
The European Tri-Calcium Phosphate market witnessed a stable demand this quarter, backed by modest offtakes from the regional, feed additive and personal care segment. On the other hand, price of feedstock Phosphoric Acid was rising in the meantime, due to the firm offtakes from the agrochemicals segment in the regional market. The demand from the animal feed segment-maintained sturdiness during this timeframe. However, regional experts were raising concern over the imports of Tricalcium Phosphates and some of its bad effect on cattle. In addition, rising freight cost and logistical issue also exacerbated the overall market scenario of the region.
For the Quarter Ending March 2021
North America
The Tricalcium Phosphate market witnessed balance demand from the personal care, cosmetics, and pharmaceutical sector during Q1 2021. However, the supply fundamentals were severely hampered by the limited availability of the feedstock of Calcium Hydroxide and Phosphoric Acid as a repercussion of the sub-zero temperature in the USA gulf region which disrupted the overall supply chains in the region. Supply shortages amid ample demand hiked the prices of Tricalcium Phosphate in the region.
Asia-Pacific (APAC)
The supplies of the Tricalcium Phosphate in the Asia Pacific region were improved as the commercial and market activities picked up pace. The industrial production faced setback in the traditional offseason during the spring festival in China. Demand was sturdy, as the offtakes from the pharmaceutical grade and technical grade remained firm, whereas the demand hiked for the feed grade from the personal care and cosmetics sector. Meanwhile the prices of Tricalcium Phosphate in India were assessed around USD 822 per tonne in March.
Europe
The European Tricalcium Phosphate market fundamentals were hampered due to the tight supplies, inflation in raw material rates amid persistent supply shortages due to global disruptions. Furthermore, regional imports stood hampered as the shipments from the USA declined followed by congestion in the trade routes between Asia and Europe. However, the demand witnessed a constant uptrend due to constant uptakes from the downstream pharmaceutical, cosmetics and personal care sector.
For the Quarter Ending December 2020
North America
In the North American region, the demand of TCP remained stable during Q4 2020. Before Q4 2020, the demand for industrial grade phosphates and acid was higher. Later in the final quarter, market shifted to food grade phosphates and acids. The price of feedstock phosphoric acid took an uptrend amid stable demand and supply situation. A leading TCP supplier reported stable sales volume throughout the quarter but gained numbers compared to prior quarter.
Asia
The Asian market was experiencing boom during Q4 2020 post healthy recovery from COVID-19 slowdown. A global TCP supplier stated that they had a healthy demand from China during final quarter due to significant revival of domestic and industrial activities in China from COVID 19. In addition, leading global specialty minerals and specialty chemicals company, ICL group’s new white phosphoric Acid (WPA) unit in China was expected to complete before Q1 2020. This plant will boost the market sentiments and improve the supply of feedstock phosphoric acid across the region. Furthermore, in the Indian market, the COVID-19 recovery improved the demand of TCP mostly from health and nutrition sector. Improved demand led to rise in prices which rose from USD 696.3/tonne (October 2020) to USD 757.5/tonne (December 2020).
Europe
In the European market, demand of TCP improved during Q4 2020 compared to previous quarter. The demand majorly came from nutritional supplements sector. For the domestic usage, feedstock phosphoric acid also increased across the region. Amid restricted material movement across Asian ports and negative production activities as an effect of second wave of COVID-19, price of Phosphoric Acid was reported high in the region.
