Prices for Tricalcium Phosphate in the U.S. are Likely to Decline
- 22-Dec-2022 11:58 AM
- Journalist: Jung Hoon
USA: In the U.S. market, Tricalcium Phosphate prices are expected to decline in the final week of December. A mineral called Tricalcium Phosphate is used in food for a number of purposes, such as fortification, anti-caking, and clouding. These elements help to create foods that are more enticing in terms of texture, appearance, utility, shelf life, and nutrition.
Falling costs of the Tricalcium Phosphate's main component, Phosphoric Acid, and other variables, such as lower stocks, are mostly responsible for this declining price trend in the U.S. The raw material market, specifically the price trend, continued to deteriorate this week. Downstream deliveries slowed down, inquiries increased, and the actual deal was cautious. The market's transaction price fell due to the suspension of most manufacturing quotations. Since the U.S. buys the majority of its goods from China, the market for raw phosphate rock was stable and minimally dynamic this week, and demand and supply on the site were pretty quiet. As a result, Tricalcium Phosphate prices are now low and are anticipated to remain that way for the foreseeable future.
One of the most important aspects that favorably affect the market for Tricalcium Phosphate is the rising demand for Food & Beverages caused by the expanding world population. To diversify their product offerings and increase their market share, top industry players are also placing a strong emphasis on product development and strategic alliances. Despite this, the U.S. Food & Beverage sectors are seeing a decline in demand due to domestic companies having adequate tartaric acid on hand and necessitating fewer imports from China.
According to ChemAnalyst, the price of Tricalcium Phosphate will drop in the upcoming weeks due to a decrease in demand from end-use industries. Additionally, it is anticipated that the downstream demand for Phosphoric Acid will weaken this month and drop in the next month. Despite the broader market trading environment, the Phosphoric Acid factory would be adopting a more wait-and-see attitude. This would reinforce the downward pricing trend for Tricalcium Phosphate.