Raw Material Cost Catapults Calcium Silicate Prices in China and Germany
- 06-Jun-2022 3:25 PM
- Journalist: Harold Finch
As per the latest assessment by ChemAnalyst, Calcium Silicate (CalSil) prices has risen again in the Asian and European market on the back of reviving demand amidst disturbed trade activities in the regional market. ChemAnalyst data shows a significant hike in the price of Calcium Silicate during May, which continued during June 2022.
The data shows a hike of around USD 29/MT for Calcium Silicate price during this month in China by the first week of June 2022. As per the insights, this price hike was bolstered by a consistent climb in raw material costs amidst expensive coal and low imports of Natural gas in the country. However, it was observed that demand fundamentals for the product have declined in the country owing to pandemic-related disturbances.
A trusted market source revealed that although demand for Calcium Silicate in China has declined from the downstream cement industry due to lower industrial activities, all thanks to China’s Zero COVID policy, Calcium Silicate prices have remained buoyant throughout the month.
On the other side, the data shows a hike of around USD 35/MT in the meantime, owing to stable offtakes from the domestic market amidst rising prices of imported materials. A trusted market source revealed that prices of imported materials have risen due to supply chain disturbance in the regional market.
The ongoing Russia Ukraine war has been a concern for European market players since February 2022, when trading activities have been disturbed since the war started and making it harder for domestic players to sustain their production activities.
The demand fundamentals for the product across the European market have been stable from the downstream construction sector. The building material prices have been on a continuous uptrend since February 2022. This rise is unlikely to decline in the near term, as the ongoing crisis is not showing any sign of getting resolved in the coming months.