For the Quarter Ending June 2021
North American market witnessed stable demand for Calcium Carbide from the downstream Acetylene manufacturers. After recovery from winter devastation and pandemic, industries of USA were boosting their production as the demand from the domestic market kept rising, which increased the consumption of Calcium Carbide based Acetylene gas in the country. In the meantime, mining activities also improved week over week which increased the supply activities for the product. Therefore, amid the stable demand from the downstream Acetylene manufacturers with sturdy supply activities, prices of Calcium Carbide remained stable throughout the quarter except some usual fluctuations in USA.
Asian market witnessed infirm sentiment for Calcium Carbide during this quarter. In India, prices kept on declining throughout the quarter, due to dented market sentiments after resurgence of pandemic in the country. Traders anticipated an overall dull market scenario in the near term and offered their stocks on cheaper rates. Thus, prices dwindled consistently and reached USD 746/MT during June in India. While in China, demand remained stable from the downstream PVC sector, due to recovery in economic activities. During this timeframe, industrial manufacturing of China almost reached pre-pandemic level, which increased the consumption for Calcium Carbide based Acetylene in the country.
Europe witnessed prolonged dented demand for Calcium Carbide due to low industrial operations. Calcium Carbide based Acetylene remained in a narrow range from the industrial gases segment, while the operations improved from the pandemic. Most of the major European economies struggled to gain momentum from the pandemic, as major sectors like automobiles witnessed insignificant improvement. Therefore, the demand for Acetylene was low in several parts of Europe.
For the Quarter Ending March 2021
Calcium Carbide market in North America remained moderately strong, as the demand from downstream sectors was deemed low, however the prices showed marginal increment due to short supply. During this time frame, critical weather condition disrupted the supply chain across the region and traders went short of cargoes, which directly supported the prices. Meanwhile, the demand from downstream pharma and dye manufacturing sectors were observed low in comparison to the previous quarter. Average FOB prices of Calcium Carbide were observed at USD 512 per MT during March 2021.
The Asian market encountered firm demand from downstream sector, amidst low supply activity across the region. In China, after Chinese Lunar holidays the supply activity chocked due to lower inventory level, hence the prices rose accordingly. In Chinese market after lunar holidays prices rose effectively during February but later came down as the supply started to get normal and settled at USD 953.67per MT, which is 7.47% higher than January prices. Similar scenario was observed in the Indian market where the prices rose by 4.03% from January to March end.
The European Calcium Carbide market faced low demand from downstream Acetylene producers during Q1 2021. Due to slow revival in the European metal fabrication sector, demand for Acetylene remained low, which reduced the demand for feedstock Calcium Carbide across the region. In addition, the prices showed marginal improvement, due to the disrupted supply chain and high freight cost.
For the Quarter Ending December 2020
The Calcium Carbide supply in various Asian countries majorly northeast Asia improved in Q4 which had been affected previously due to the COVID-19 outbreak. The improvement in Chinese demand is backed by strong revival in the total consumption by the end-user industries, majorly for the production of polyvinyl chloride (PVC) and other chemical compounds. Average Chinese Calcium Carbide volumes stood balanced in Nov. However, shortages were reported in India towards the end of the quarter due to limited cargo availability due to high ocean container freight. Contrary to the downtrend observed due to muted demand in India, Ex-factory price of Calcium Carbide showed a marked rise during in China. In India, the Calcium Carbide prices in India were averaged at around USD 810 per MT during December 2020.
The North American Calcium Carbide market witnessed sluggish demand and tight raw material supply. Manufacturers were heard operating plants at lower rate during early Q4, prompting lesser product availability. This shortage of supply was reported by the key downstream sectors such as steel manufacturing industry. The regional pricing showed upward trend by the quarter end due to availability constraints and improving energy rates.
The Calcium Carbide market remained muted during the last quarter in Europe as the year-end lull deterred procurement cycle. Spike in demand of acetylene from international market for various commercial applications across chemical, plastics, welding and other industries caused upswing in the prices in December. The overall demand for Calcium Carbide surfaced by the quarter-end following recovery in businesses after easing off COVID-19 restrictions across the European countries. The increase in the global prices of PVC prompted producers to revise their rates upwards in December.