For the quarter Ending December 2021
In North America, the price of calcium acetate decreased in the last quarter of 2021 as the continuous dip in the price of upstream Calcium carbonate and weak demand in the market affected the price. Fear of the new variant Omicron Covid 19 has put pressure on the price as low demand and sufficient supply slipped the market sentiments. The demand of calcium acetate was stabilized from the downstream pharmaceuticals sector and food beverages industry. Downstream Ethyl acetate and butyl acetate demands were deterred at the onset of New Year, with the market showing seasonally.
In the Asian region, the price of calcium acetate increased in the fourth quarter of 2021. Most of the manufacturers in the region boozed-up their manufacturing rates to meet the high demand from the downstream sector. Additionally, an increase in the price of feedstock calcium oxide increases calcium carbonate price. In India, the Calcium acetate price in India followed a slight fall due to lower demand from the downstream pharmaceuticals sector market. Additionally, the new Omicron variant in other countries flatulates the price of calcium acetate in the last quarter of 2021.
The price of Calcium acetate in the Europe region increased in the first half of Q4 due to the high price of upstream acetic acid, which rose to a multi-month high because of the global deficit across products across Europe. Long transportation costs and limited freight capacity make the situation more complicated. In December, the price of calcium Acetate is rolled up from the previous month. The prices of Feedstock, Methanol, and coal impacted during this period, affecting the price of acetic acid and calcium acetate.
For the Quarter Ending September 2021
In the third quarter of 2021, Calcium Acetate market outlook witnessed an uptrend in North America. Hike in the prices of Calcium Acetate was backed by several factors including curtailment in the production rates and supply chain disruption. Besides, improvement in the offtakes from the pharmaceutical sector was witnessed in this quarter. In the Gulf Coast of US, many manufacturers were compelled to shut their production plants in August under fears of Ida hurricane, as a part of an emergency plan that impacted the overall production rates in that timeframe. Hence, a constant surge in the values of Calcium Acetate was observed backed by tightened supplies and sturdy demand from the downstream sectors.
In the Asian region, Calcium Acetate prices witnessed mixed sentiments during third quarter of 2021. Most of the manufacturers in the region ramped up their production rates to meet high demand from the downstream sectors. High production rates led to ample supplies of the product in the region therefore the rise in the prices of Calcium Carbonate was marginal. In India, demand for Calcium Acetate from the pharmaceutical and food industry remained firm throughout the quarter. Calcium Acetate prices soared in India due to the spillover effect of increasing Acetate prices in the international market. In addition, high freight charges and shortage of shipping containers also contributed to push up the pricing trend of Calcium Acetate in the region. Calcium Acetate IR Grade CFR-Kandla monthly average September prices stood at 1946.13 per MT, showcasing a marginal hike since July.
In Q3 2021, prices of Calcium Acetate registered consistent surge in the European market backed by the squeezed supplies and high demand from the downstream sectors. In addition, continuous hike in freight charge along with the limited availability of shipping containers also contributed to the inflation in the values of Calcium Acetate across the European region. Moreover, Calcium Acetate remained under the influence of Asian market fundamentals in this timeframe due to the bad weather conditions on the Chinese east coast coupled with the unclarity on the new factory registration rule.