For the Quarter Ending June 2024
North America
In Q2 2024, the North American Calcium Acetate market followed the market trend witnessed in key producing nations. The quarter initiated witnessing an optimistic trend with prices rising at a steady level. Trades within the US market focused on bulk purchasing ahead of increased demand from end-users. This was further attributed to a slight ease in freight charges and continuous appreciation of the dollar against the producing nation’s currencies. However, the market witnessed an upside-down trajectory as May commenced. This downward trajectory of prices was initially triggered by a gradual reduction in overseas market trade momentum, as traders grappled with higher inventories accumulated over the past months. This trend was further amplified by the ramped-up production capacity of manufacturers across the Apac region, particularly China, along with the entry of new players into the market. The resulting surplus supply exerted downward pressure on export prices, intensifying competition among traders. In response to the evolving market conditions, manufacturers were compelled to lower their prices in a bid to attract customers and maintain their global market position. This strategic move was further influenced by a discernible shift in consumer purchasing sentiments towards alternative excipients, such as calcium propionate and sorbic acid. The altered preferences created a supply-demand imbalance among traders in the regional market, dampening overall market transactions during May. This trend continued until the final weeks of June, with traders being highly concerned about the higher stockpiles at the warehouses. The terminal market consumption remains at a lower level, with downstream purchasing enthusiasm notably weak. This lack of robust demand is a critical concern, as it suggests that the broader economic improvements have not translated into increased consumption of Calcium Acetate. Overall, the correlation between supply and demand further showcased a consistent surplus, compelled traders to adopt aggressive pricing strategies throughout the month to prevent further product deterioration and higher cost of storage, resulting in a continuous price drop even in June.
Asia Pacific
The APAC region particularly China experienced a significant decline in Calcium Acetate prices during the second quarter of 2024 with a steady rise witnessed at the beginning of the quarter. In April, the market dynamics of Calcium Acetate demonstrated a sustained upward trajectory in trade originating from China, driven by a continuous increase in demand from downstream and overseas sectors including food, pharmaceuticals, water treatment, and others. On the demand side, inquiries from the overseas market continued to show optimism, supported by higher imports owing to a persistent depreciation of the Chinese Yuan against the US dollar, which bolstered the market's overall resilience and resulted in more competitively priced material availability globally. Moreover, the reduction in freight costs from China has further bolstered the overall rise in market transactions among buyers and suppliers in trading nations, facilitating increased export momentum of Calcium Acetate in April, supporting the overall positive trend. However, the trend was reversed as the quarter moved forward in May 2024. This downturn was primarily driven by weakening international trade and high inventory levels. Various market experts stated that ahead of previously increased production capacity by manufacturers owing to anticipated higher inquiries, resulted in an oversupply situation, which was further intensified by new market entrants. This resulted in an affected market trading atmosphere as inquiries did not meet the market expectations concerning the supply side. As a result, in order to maintain market share and attract customers amid rising competition and changing consumer preferences, manufacturers strategically focused on reducing their exporting prices. Moreover, as of May 2024, With respect to the market activity in general, the National Bureau of Statistics’ Manufacturing Purchasing Managers’ Index (PMI) fell from 50.4 in April to 49.5 in May, undershooting market expectations. Consequently, the index moved below the 50.0 no-change threshold, signaling a worsening in manufacturing sector operating conditions from the previous month. The headline prints chiefly reflected worse readings for new orders and output. The enthusiasm for procurement remained weakened, and the price of new orders was close to cost. Further, manufacturers considerably weakened their profit sentiment to destroy their inventories. This uncertainty could have led to a cautious approach in purchasing decisions, as buyers were hesitant to place large orders or commit to long-term contracts with Chinese suppliers, creating significant imbalances in supply-demand dynamics and traders grappling with higher inventories. This trend continued to follow until the final weeks of June, marking the bearish trend in terms of international market transactions, with an increased prevalence of a "buy up" rather than "buy down" mentality among purchasers.
Europe
During the entire Q2 2024, the European Calcium Acetate market experienced an overall downturn due to multiple converging factors that exerted downward pressure on prices, specifically, Germany witnessed the most pronounced price fluctuations within the region. The overarching theme for this quarter was the interplay of reduced downstream purchasing in key end-users and elevated freight charges ahead of the geopolitical stabilization affecting supply chains. Following the market trend of key producing nations which grappled with heightened inflationary pressures, constrained purchasing power, and suppressed demand across various end-user sectors, particularly the food industry, the importing prices of calcium acetate dropped throughout the quarter with merchants highly resistant to newer procurements. The market's bearish stance was exacerbated by substantial pre-existing inventories which were held in the initiation of the quarter I.e., April 2024. The market witnessed a significant rise in end-user procurements. Anticipation of further rise in demand and the notable plant shutdowns in key producing nations resulting in an interruption at major production facilities, further disrupted the supply chain, leading to higher procurements and reduced market activity. However, as may commence, the market demand did not materialize as per the expectations, thereby supporting a significant drop. This was further supported by a depreciation of the euro against the dollar which kept the imported cost of the goods on the northerly side, thereby creating reluctance among the traders for newer procurements. This trend continued until the end of June, with traders gradually focused on clearing their inventories instead of newer procurements. Overall, the pricing environment for Calcium Acetate in Q2 2024 in Europe exhibited positivity, with pronounced prices reflecting fluctuations stemming from limited demand, higher supplies, and trade disputes leading to higher costs of transportation.
For the Quarter Ending March 2024
North America
In the first quarter of 2024, the Calcium Acetate market in North America underwent dynamic pricing shifts influenced by the price trajectory witnessed in the exporting nations. Particularly in the USA, where price fluctuations were most notable, market conditions played a pivotal role in shaping the overall trend. Various challenges including continuous heightened inquiries, insufficient inventories, export restrictions, and elevated freight charges continued to contribute to the market's complexity.
The USA's dependence on Calcium Acetate imports from China made it vulnerable to fluctuations in Chinese provinces, significantly impacting the domestic market. Production halts during the Lunar New Year and Spring Festival celebrations in major exporting regions led to constrained shipments and limited inventories in the US, prompting market players to adjust quotations to safeguard profit margins. Upon the resumption of production activities in China, there was a surge in demand and bulk procurement of Calcium Acetate, further intensifying supply-demand dynamics. To this, Geopolitical tensions and trade disruptions added another layer of complexity to market sentiments. Escalating container freight rates exacerbated the price surge, particularly affecting industries reliant on maritime transport as these included continuous heightened shipping costs, order cancellations, and delays in container movement which considerably affected the overall trade momentum. Moreover, moving towards the end of the quarter, traders and suppliers witnessed some resiliency in the market as freight charges eased considerably compared to the previous month which befitted the merchants to purchase the goods at a lower cost. Lastly, the National Oceanic and Atmospheric Administration warned of potential Mississippi River congestion due to warm, dry spring conditions and reduced winter snowpack, raising concerns about future shipment disruptions. Consequently, US market participants have increased inquiries from exporting nations to prevent future shortages, further driving up prices.
Asia Pacific
In the Asia-Pacific region, particularly in China, the first quarter of 2024 has seen an overall optimistic trend in Calcium Acetate pricing. Influenced by downstream demand, feedstock costs, and supply chain disruptions, prices have slightly increased compared to the previous quarter, indicating some stabilization. This aligns with a significant rise in downstream purchasing and fluctuating feedstock prices, notably for acetic acid. The depreciation of the Chinese currency against the dollar has made Chinese goods more competitive, potentially boosting exports. However, the market has also faced challenges with insufficient inventories, compounded by a temporary trade slowdown during the Lunar New Year festivities in mid-February, exacerbating the situation. Post-holiday, there was a surge in purchasing activities driven by significant domestic and international orders. As a result, the post-festive period often witnesses a rebound in prices as production gears up to meet renewed demand, and merchants tend to sell their goods at a higher cost to make up for previous profit losses. Continuing this trend further in March results in a notable uptick in export momentum from China, with traders actively witnessing a higher arrival of quotations from importing nations, thereby supporting an overall optimistic market trajectory, strengthening industrial activity, and influencing calcium acetate prices. In China, the latest quarter-ending price for Calcium Acetate IR Grade FOB Shanghai was USD 992/MT.
Europe
In Q1 2024, the Calcium Acetate market across Europe experienced significant pricing dynamics, following the trajectory of exporting nations, primarily in the APAC region. The overall trend showed a notable increase in prices, supported by factors including higher inquiries, insufficient inventories, trade disruptions, and currency fluctuations. One driving force behind this price escalation was the upward trend witnessed in exporting nations. As Germany imports Calcium Acetate, the impact of pricing strategies adopted in APAC extended into the German market, reshaping the pricing framework for Calcium Acetate in the region. German market participants showcased adaptability amidst evolving global dynamics, strategically adjusting pricing strategies to match industry standards. This adaptation was evident, particularly in response to fluctuating feedstock prices, notably Acetic acid, in major producing and exporting regions. The resulting increase in input costs added complexity to market dynamics, fostering a favorable cost environment across the supply chain.
Furthermore, the export landscape faced challenges as shipping lines rerouted vessels through the Cape of Good Hope to circumvent disrupted Red Sea trade routes amid geopolitical tensions. These route alterations led to heightened shipping expenses, order cancellations, container movement delays, and general uncertainty about future developments. The notable spike in container freight rates significantly affected pricing dynamics, especially for industries heavily reliant on maritime transportation, exacerbating difficulties for market participants. Additionally, the depreciation of the Euro against the US Dollar further strained market conditions, benefiting merchants by allowing them to trade goods at higher profit margins. Overall, the pricing environment for Calcium Acetate in Q1 2024 in Europe exhibited positivity, with pronounced prices reflecting fluctuations stemming from limited supplies, trade disruptions, and persistent heightened inquiries.
For the Quarter Ending December 2023
North America
In the final quarter, the pricing dynamics of the Calcium Acetate market exhibited a diverse pattern. Initial reductions were observed at the commencement of October, succeeded by a noteworthy upswing in mid-Q4, and experienced another decline towards the conclusion of the quarter. The primary driver behind these fluctuations was the ample availability of Calcium Acetate within the domestic market. Additionally, downstream sectors, crucial consumers of Calcium Acetate, have increasingly embraced a just-in-time purchasing strategy.
Nevertheless, in November, sustained economic growth and heightened consumer spending sparked a revival in downstream demand for Calcium Acetate in the USA. This resurgence was evident through robust retail sales and growing consumer confidence indicators, prompting suppliers to destock their inventories at elevated costs. Furthermore, the USA, as a significant importer, mirrored the pricing trajectory of key producing and exporting market players to maintain market stability. Downstream enterprises adjusted their prices to address inflationary pressures, partly driven by escalating costs of essential input materials such as energy and other charges.
These factors, coupled with global logistical challenges like port congestion and container shortages, posed obstacles to the seamless transportation of Calcium Acetate from production centers to downstream markets. As the fourth quarter approached its conclusion, the market witnessed a noteworthy downturn in the cost of Calcium Acetate. The prevalent demand scenario was marked by its low nature, indicating subdued market appetite. Market participants proactively responded by strategically selling their products at discounted rates, aiming to deplete stockpiles before the year's end. Adding complexity to the situation were upstream factors, specifically the decline in Acetic acid prices, intensifying the broader downward trend in Calcium Acetate prices.
Asia Pacific
In the Asia-Pacific (APAC) region throughout the fourth quarter of 2023, the Calcium Acetate market underwent a fluctuating trajectory characterized by an initial pessimistic trend, followed by an ascent in the middle of the quarter, and a subsequent significant decline as December 2023 concluded. In the initial phase, during October 2023, the country experienced a downturn due to diminished sales in industries reliant on Calcium Acetate. Both domestic and international suppliers encountered a dearth of new inquiries, contributing to a less optimistic market outlook. On the production front, there was relatively low manufacturing activity, with producers focusing solely on demand-driven production due to ample product availability. Additionally, the depreciation of raw material prices played a role in influencing market dynamics during this period. Moving into November 2023, a steady rise in downstream demand emerged, fueled by increased consumption and a slight uptick in consumers' willingness to make purchases in both domestic and foreign markets. Businesses began expressing a more positive outlook for the future, resulting in heightened investment spending. On the overall supply side, local buyers continued to submit substantial orders as the consumption of Chinese Calcium Acetate witnessed an increase among nearby manufacturers, a trend balanced by sufficient stock levels among merchants. As the fourth quarter drew to a close, prices experienced a considerable drop, indicating a steady decline with higher inventories available in warehouses. The primary driver behind this downturn was a discernible reduction in orders, both from regional and overseas markets. This resulted in a surplus of Calcium Acetate, prompting producers to take drastic measures to clear inventory and navigate the challenging market conditions. The immediate impact of this oversupply was a downward trend in prices, posing a significant threat to the profitability of Calcium Acetate producers, particularly those burdened with higher production costs. Adding complexity to the situation, the simultaneous drop in raw material prices, specifically Acetic Acid, during the same timeframe, introduced an additional layer of intricacy to the pricing dynamics for Calcium Acetate. This decline in Acetic Acid prices further pressured overall pricing, making merchants hesitant to focus on further production momentum.
Europe
Throughout the entirety of the fourth quarter in 2023, the pricing dynamics of Calcium Acetate in the German market closely mirrored the market trends observed in major exporting nations, particularly in the Asia Pacific region. In October, prices witnessed a decline across the region, primarily influenced by the abundant availability of Calcium Acetate in the domestic market. The diminished purchasing momentum was a consequence of the Euro's appreciation against the USD, causing local consumers to hesitate due to the prospect of higher prices. Concurrently, the market grappled with an oversupply situation, resulting from accumulated stockpiles and ample Calcium Acetate inventories. This surplus exerted pressure on the market, leading to a slowdown in production and impeding the introduction of new supplies. Moreover, lower-than-anticipated new orders in the region compounded the already pessimistic market outlook for Calcium Acetate as of October 2023. However, in November, there was a modest economic rebound, particularly evident in key sectors such as pharmaceuticals, showing signs of growth. Furthermore, downstream enterprises adjusted their prices to counteract inflationary pressures, fuelled in part by the escalating costs of essential input materials like energy and raw materials. These factors, coupled with global logistical challenges such as port congestion and container shortages, impeded the seamless transportation of Calcium Acetate from production hubs to downstream markets. Downstream panel factories engaged in destocking activities, swiftly clearing their stocks at an accelerated rate. In addition, the rising cost of upstream Acetic acid further supported the overall optimistic market outlook during November, maintaining Calcium Acetate prices on the higher side. However, in December 2023, the slight decline in Calcium Acetate prices in the German market garnered attention from industry experts and analysts, indicating a deviation from earlier projections. The initial forecast, relying on the expectation of a surge in inquiries from the downstream sector prompting proactive excipient accumulation, did not materialize. The available supply in the market proved sufficient to meet current demand and had a minor impact on market dynamics. Additionally, domestic acquisitions were predominantly executed on a just-in-time basis, sustaining a continuous, albeit restrained, trade momentum in the short run.
For the Quarter Ending September 2023
North America
Throughout the third quarter of 2023, Calcium Acetate prices in the North American region, particularly within the United States, mirrored the market trends in the APAC region. According to analyses by market participants, prices remained on a downward trend until August but experienced a significant increase in September. The notable decrease in Calcium Acetate prices was a result of reduced inquiries in the region, leading to retailers stockpiling excess inventories. The US Census Bureau reported a decline in imports of goods and services, attributed to higher expenses incurred by businesses due to rising inflation when importing goods. However, existing finished product inventories were adequate to meet local market demands, as noted by market participants. Moving into mid-Q3, Acetic Acid, a vital raw material for Calcium Acetate production, experienced a noteworthy price decline in the US market in August. This decline further contributed to the persistent drop in Calcium Acetate prices. Nevertheless, in September 2023, Calcium Acetate prices in the North American region showed improvement due to moderate increases in domestic and regional inquiries. Additionally, the rise in energy costs contributed to the overall manufacturing cost of Povidone, leading to an increase in its price.
Asia Pacific
Throughout the third quarter of 2023, Calcium Acetate prices in the Chinese market experienced a significant drop until mid-Q3, after which they began to rise noticeably in September. The market for calcium acetate remained lacklustre due to weak purchasing momentum and minimal transaction volume, reflecting the overall market trend in the country. International buyers adopted a cautious approach, refraining from placing substantial orders from China, partly because of the country's ample supply and also due to the challenges in identifying profitable arbitrage opportunities caused by rising freight costs. In August, Chinese economic data continued to fall short of initial projections. Exports and imports decreased compared to the previous year, and employment declined for the sixth consecutive month, albeit at a slower pace. This helped maintain a balance between supply and demand, contributing to the market's declining trend, driven by weak demand from downstream industries. Additionally, Calcium Acetate exports decreased during this month, further impacting the market's state. However, in September 2023, there was a surge in global inquiries for Calcium Acetate during the expected period. Meanwhile, Acetic Acid, a raw material for Calcium Acetate, experienced an upward trend due to limited availability in the domestic market amid consistent downstream demand. China's official PMI, released recently, indicated a slight expansion in factory activity for the first time in six months in September, suggesting a potential stabilization of the economy. However, factory owners' confidence for the coming year hit a 12-month low, and various sectors, including consumer, investment, and intermediate goods, reduced staff, as shown in the survey. Additionally, the international market, especially the Asian market, continued to exert continuous pressure on global demand, leading to unwavering demand for Calcium Acetate.
Europe
Throughout the entire third quarter of 2023, Calcium Acetate prices in the European region followed a trajectory similar to that observed in the USA. This decline can be attributed to the influence of the Asian market's downward movement, primarily driven by subdued demand in the regional market. The reduced demand for Calcium Acetate in recent times has been a significant factor contributing to the price decrease. Local merchants have swiftly destocked existing supplies by cutting costs, aiming to replenish their inventories with fresh supplies. Regarding the German Consumer Price Index (CPI), in July 2023, Germany experienced a marginal contraction, declining from 6.4% in June to 6.2%. Higher supplies among market participants further motivated them to reduce their selling prices within the region. Additionally, a downward trend in the upstream market supported the pessimistic market outlook for Calcium Acetate until the middle of Q3. However, entering September, prices witnessed a moderate increase, similar to the trend observed in the United States. This increase included a substantial rise in inquiries within the market, although this was balanced by the overall available stocks among supplies and retailers. Moreover, the market trading atmosphere in September remained robust as traders consistently restocked their shelves, procuring the end-product Calcium Acetate at a higher US dollar rate due to the depreciation of the Euro against the USD.
For the Quarter Ending June 2023
North America
Calcium Acetate prices in the USA market showed a downward trend towards the end of the second quarter. At the beginning of the second quarter, prices improved but only marginally when compared to the previous month. Local demand for calcium acetate rose as the nation's specialty and pharmaceuticals supply sectors continued to grow strongly in terms of production. Also, compared to last month, domestic participants had enough stocks to meet the overall demand. Moreover, as the middle of the second quarter commenced, the values of Calcium Acetate dropped considerably, and this decrease in demand compelled the merchants to reduce their further orders and focus on destocking their previous stocks. Also, Concerning the supplies, the country's specialty and pharmaceuticals supplying business continued to have an ample number of stocks for Calcium Acetate for the entire quarter, and the analyst suggested that there was a negligible increase in new orders coming from the local market.
Asia Pacific
The price of Calcium Acetate during the second quarter showcased a sliding market sentiment throughout the second quarter of 2023. As with the beginning of April, the price of Calcium Acetate increased, mimicking the market trend of the previous month. Consistent increment in domestic demand, which was balanced with overall supplies among the merchants, kept the market trend for Calcium Acetate on the upper side during the month of April. Besides this, concerning the PMI for manufacturing, this decreased in April from 51.9 to 49.2, below the 50-mark that separates monthly growth from contraction, as market participants had enough inventory to meet the total arrived demand for the month. In addition, in mid-Q2, Calcium Acetate values decreased significantly, witnessing a steady drop in its prices within the Chinese market. Furthermore, suppliers and retailers sold finished products at lower prices than usual to reduce their overall inventory. Towards the end of Q2, Calcium Acetate closed its prices on the negative side, with constant decremented demand coupled with higher stockpiling of inventories in the local market. In China, the price of Calcium Acetate closed at $ 1050 /MT IR Grade FOB Shanghai.
Europe
With the commencement of the second quarter, the prices of Calcium Acetate s dropped across the German market. The pricing chart for Calcium Acetate mimicked the trend of the APAC region. Improved sales within the domestic market attributed to a positive price trajectory of Calcium Acetate in April. This trend, however, was reversed as May approached and continued until the final weeks of June. Due to a significant drop in demand, market participants destock their inventories at higher prices this month to cope with their previous losses. Moving towards the end of Q2, the prices of calcium Acetate followed the market trend of the previous month, which resulted in higher stockpiling of inventories. China being one of the main exporters of Calcium Acetate, declining exporting activity owing to a decrease in its domestic market demand kept the suppliers and traders from pulling back their previous orders and focusing on the destocking processes. However, a consistent drop in the upstream Acetic Acid market further supported the downward price trend for Calcium Acetate across the region.
For the Quarter Ending March 2023
North America
In the first quarter of 2023, the price of Calcium Acetate improved in the United States. In early January, the prices continued to grow on a positive note but declined at the same rate as the first quarter concluded in February 2023. Increase in domestic demand with limited supplies among market players, the price of Calcium Acetate has been on the rise. However, consumer demand highlighted a weaker trend during the mid of the first quarter, due to which traders and local suppliers focused on placing the orders according to their requirements. Moreover, as March concludes, the prices of Calcium Acetate inclined at a moderate rate.
Asia Pacific
Prices for Calcium Acetate demonstrate a fluctuating trend throughout the first quarter of 2023. Early in January, the market sentiments in China, which had a holiday-shortened month January, started to improve somewhat. This was primarily due to better demand after the Lunar New Year, as both consumption and production significantly increased after the government abandoned its zero-COVID policy. Up to the middle of the first quarter of 2023, calcium acetate prices started to drop steadily. This was made possible by a fall in international inquiries, a decline in upstream feed cost, and ample inventories that can fulfill demand overall. With this, the prices of Calcium Acetate were assembled at USD 1150/MT in China.
Europe
Calcium acetate prices in the first half of the first quarter of 2023 remained on the upper side, followed by the trend of Asia Pacific. An increase in orders from end-user industries supported the upsurged market trend in January, but they concluded on a remarkably unfavorable note in mid-quarter 1. Additionally, the market has begun to demonstrate signs of strength in support of an increase in the flow of trade from China to Europe in contrast to the previous month, which has reinforced the general market sentiments of Calcium Acetate in the German market.
For the Quarter Ending December 2022
North America
The prices of Calcium Acetate in the North American region witnessed an ascending price trend in the last quarter of 2022. As with the start of winter, i.e., October, the prices witnessed were on the lower side owing to decreased end-user demand. Inflation dropped during October compared to September, but it still remained well above the upper boundary, which in turn affected the market sentiments of Calcium Acetate. Following mid-q4 till the end of the fourth quarter of 2022 in the United States, the prices of Calcium Acetate mimicked the opposite trend than October as the sudden increase in demand and trade disruption from China kept the price trend in a Northward direction.
Asia Pacific
In APAC region, primarily in China, witnessed an ascending price trend for Calcium Acetate in the fourth quarter of 2022. Although, the prices of Calcium Acetate during October declined as the inquiries from the traders reduced considerably. Additionally, Chinese manufacturing activity, one of the important components of the country’s economy, has weakened steadily with the start of November, but this did not affect the market sentiments as suppliers had sufficient inventories to meet the overall requirements. Following December, the cost of Calcium Acetate remained on the upper side with consistent demand and a surge in COVID-19 cases, which in turn halted the supply-demand side. With this, the prices of Calcium Acetate displayed during the end of the fourth quarter were assembled at USD 1140/MT USP FOB Shanghai in China.
Europe
During the fourth quarter of 2022 European region displayed a similar pattern as that of the United States for Calcium Acetate. With the start of October, inquiries decreased considerably. However, the prices started to gain pace in the positive direction from early November to later December because of healthy demand from the domestic market and overseas market. Although, the supplies with the market participants were enough to cater to the overall necessities within the region.
For the Quarter Ending September 2022
North America
The prices of Calcium Acetate showcased a decremented behavior due to weak market sentiments during the third Quarter of 2022 in the North American region. In the first half of Q3 2022, the prices increased slightly in a positive direction owing to a healthy demand witnessed from the end-user pharmaceutical sector. Equilibrium between the supply and demand side of the market kept the cost of Calcium Acetate somewhat on the higher side. Further following towards the ending of h1 of q3 sluggish downstream demand from the pharmaceutical industry owing to lesser customer interest kept the market of Calcium Acetate on the lower side. Enough inventories, sufficient supplies, and steady freight charges also supported the price trends of Calcium Acetate in the United States.
APAC
The prices of Calcium Acetate showcased a descending price tendency during the third Quarter of 2022 in the Indian Market. At the onset of the first Quarter of 2022, the prices inclined significantly owing to higher demand and lessened supplies with the domestic market participants. Furthermore, increased freight charges and soaring operating costs forced the Erythromycin prices to maintain an upward trajectory in Q3 2022. Moreover, towards the termination of h1 and starting of h2, the prices began to decline considerably owing to the weaker interest of consumers. Also, due to weak demand from the pharmaceutical sector, the prices dropped abruptly during the next two months of the third quarter. With this, the prices of Calcium Acetate got settled at INR 170230/MT IR Grade Retail Ex-Mumbai in India.
Europe
In the European region, Calcium Acetate prices witnessed a decremented trend in the third Quarter of 2022. during the start of h1, the demand increased stably, resulting in higher prices. Further, following the h2 of the third Quarter, Weak demand with enough stocks was experienced in the German market, keeping the price value of Calcium Acetate on the lower side. Moreover, the Russian-Ukraine war and disrupted trading activities supported Calcium Acetate market sentiments during the end of the third quarter in Germany. Overall, enough inventories, sufficient supplies, and steady freight charges were some of the factors that supported the price trends of Calcium Acetate in the European Region.
For the Quarter Ending June 2022
North America
Prices for Calcium Acetate increased steadily in North America during the second quarter of 2022 because of a limited supply and high downstream demand. At the beginning of April, Calcium Acetate prices increased owing to rising feedstock Acetic Acid costs, increased demand for food and pharmaceuticals, and increased upstream costs. Up to the final week of April, the prices of feedstock acetic acid continued to rise due to increased exports to Mexico and other European countries. In May, the same feedstock supply problems persisted, pushing the cost of Calcium Acetate. Large producers like Celanese and INEOS also issued force majeure, which worsened the situation in June and increased the price of acetic acid in North America, ultimately causing the price of Calcium Acetate to rise.
APAC
Throughout the entire quarter, Calcium Acetate prices fluctuated in the Indian domestic market. Calcium Acetate's price fell until May, and then it started to rise once more in June. The primary cause of this inconsistency was the continuously changing supply and demand fundamentals. Additionally, the market price of the feedstock acetic acid fluctuated. Furthermore, throughout the entire quarter, changes in Chinese trading frequency also had an impact on the market price of acetic acid, which ultimately had an impact on the cost of Calcium Acetate. Prices for Calcium Acetate rose in April before falling in the Chinese market due to a lack of demand, large stocks, and decreased trade activity.
Europe
The market value of Calcium Acetate in Europe climbed substantially during the second quarter of 2022 because of supply restrictions and the energy crisis. Due to the announcement of force majeure by significant producers like Lyondell, the market's supply of feedstock acetic acid was constrained, which led to an increase in Acetic Acid prices. Consequently, Calcium Acetate prices increased throughout the European Union. The market price of Calcium Acetate was further made worse by growing energy and freight expenses, as well as the tensions related to the Russia-Ukraine war. Additionally, the considered period saw strong downstream demand from food and pharmaceutical industries which increased the already elevated market value of Calcium Acetate.
For the Quarter Ending December 2021
North America
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.
Asia Pacific
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.
Europe
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
North America
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.
Asia Pacific
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.
Europe
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.