Calcium Chloride Prices: In the second quarter of 2023 | ChemAnalyst
Posted by ChemAnalyst on September 19th, 2023
For the Quarter Ending June 2023
During the second quarter of 2023, the calcium chloride market in the United States exhibited mixed sentiments. In the early weeks of April, calcium chloride prices saw a 2.1% increase, primarily driven by a rise in crude oil prices, which moved from USD 74 to 79 within the first week of April. Furthermore, increased demand emerged from the downstream construction industry, as Limestone prices also surged by 2%. Adequate supply levels were maintained to meet both domestic and international market demands. However, as May and June unfolded, the price of calcium chloride adopted a bearish stance due to diminishing demand in the downstream construction sector. Market sentiments remained subdued, with investors anticipating another interest rate hike by the US Federal Reserve, contributing to economic uncertainty. Additionally, as the US transitioned into the summer season, the de-icing industries reduced their consumption of calcium chloride. Material availability was sufficient in the region, supported by consistent imports from China and Mexico. In June 2023, calcium chloride prices in DEL Texas settled at USD 315/MT.
In the Asia-Pacific (APAC) region, calcium chloride prices also experienced mixed sentiments during the second quarter of 2023. In the early weeks of April, prices in the US market saw a 1.2% increase, closely tracking domestic coal prices, which rose from USD 138 to 139 in the first week of April. Improved demand from the downstream construction industry was observed, coinciding with increased prices for Limestone. Notably, the PMI Construction: Business expectations index improved from 63.7 to 64.0 in April. Adequate supply levels were maintained to cater to both domestic and international market requirements. However, as May and June progressed, calcium chloride prices adopted a bearish stance due to declining demand within the downstream construction sector. Retailer inquiries revealed high inventory levels of calcium chloride, largely influenced by warm weather conditions in Northern China. In the Indian market, prices in May and June also followed a bearish trend due to coal imports aimed at stabilizing energy prices and reduced demand from the construction industry, attributed to the onset of the monsoon and sowing season. Material availability remained sufficient to meet the needs of the construction industry. In June 2023, prices of Calcium Chloride FOB Qingdao settled at USD 150/MT.
Get Real Time Prices of Calcium Chloride: https://www.chemanalyst.com/Pricing-data/calcium-chloride-1297
In the European market, calcium chloride prices displayed mixed sentiments during the second quarter of 2023. In the early weeks of April, prices in the Netherlands increased by 1.7% due to cost support from feedstock and gas prices. However, demand from the downstream construction industry decreased in April, as indicated by a 2% reduction in the CBS index for construction. Adequate supply levels were maintained to serve both domestic and international markets. As May and June unfolded, calcium chloride prices adopted a bearish stance, primarily influenced by negative cost dynamics associated with Limestone and energy prices. Market sentiments remained subdued, driven by ongoing economic slowdown and high inflationary pressures in Europe. Similar to the North American market, the de-icing industries reduced their calcium chloride consumption as summer progressed in Europe. Material availability remained sufficient, supported by consistent imports from China and the United States. In June 2023, prices of Calcium Chloride FD Rotterdam settled at USD 278/MT.
ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
GmbH - S-01, 2.floor, Subbelrather Straße,
15a Cologne, 50823, Germany
Like it? Share it!
About the AuthorChemAnalyst
Joined: August 3rd, 2021
Articles Posted: 59
More by this author