For the Quarter Ending September 2022
North America
In Q3 2022, the market of Calcium Formate ended on a mixed note, where prices declined in the first two consecutive months with a declining feedstock Calcium Carbide market. The subdued demand from the downstream construction sector and the substantial availability of products in the market have contracted the profit margins of the market players. However, in Sept, the prices gained a stance prompted by the potential impact of downtime due to the onset of the hurricane season in North America, which concerned the market players. Vessel traffic was halted. Port Tampa Bay and Seaport Manatee, which handles large quantities of several chemicals, have disrupted operations.
Asia Pacific
In the Asia Pacific market, the price of Calcium Formate declined in the succeeding months of the third quarter, with supply exceeding the demand. In China, the cost of Calcium Formate in Sept fell to USD 1123/ton FOB Qingdao. The market for Calcium Formate from downstream construction and adhesive industries is affected by sufficient supplies and limited demand from end users. Purchasers are hesitant to make enormous buys, and the overall slack market furnishes buyers with leverage to push for lower costs. The Ex-factory prices of feedstock Calcium Carbide in the Northwest region also fell with low purchasing esteem and weak market sentiments.
Europe
With rising energy and utility costs in the regional market, the Calcium Formate market faced a Northward trend in succeeding months. Upstream Natural Gas costs rose, surging the manufacturing costs of feedstock Calcium Carbide. Low water levels due to extreme heat waves and blockage by a damaged freighter have pressured the supply flow in the regional market. Escalating energy prices and the deteriorating economic outlook prompted the downstream market players to postpone or cancel orders, dampening the demand fundamentals of Calcium Formate. High purchasing activities and higher bidding for the new stocks resulted in a revision in the price trend for overseas suppliers.
For the Quarter Ending June 2022
North America
In Q2 2022, the price of Calcium Formate slipped in each succeeding month due to weak feedstock Calcium carbide. The domestic US market for Calcium Formate was deterred and faced certain uncertainties. The substantial spike highly impacts the US market in global crude oil and derivatives prices, exacerbated by the significant uncertainty resulting from Russia’s war on Ukraine. The declined demand from the buyers and the limited import offers amidst limited demand have forced the prices to plunge in the US market slightly. The curtailing shipping activities and higher freight charges resulted in declining market dynamics. Also, the slowdown in the US economy has negatively impacted the buying sentiments of the terminal sector.
Asia Pacific
In the Asia Pacific region, the price of Calcium Formate remains tepid in Q2 2022 with stable operating downstream ventures and moderate demand. In June, the cost of Calcium Formate in India was USD 1526/ton Ex-Mumbai. Formic Acid prices decreased due to weak market sentiments and low purchasing activity in the feedstock. Sluggish demand for products was prompted by deterred trading environment and oscillations in energy values. Weaker crude oil futures have dampened naphtha and energy values. High inventories among the Indian ports and reduced imports in the region from China forced the downstream manufacturing units to revise their price dynamics.
Europe
In Q2 2022, the costs of Calcium Formate were on the upper end with further improved demand and a sound downstream market. Some Calcium Formate makers had considered overcharges due to higher energy costs and lack of container availability. Because of raw material shortage, the tight Calcium Formate market confronted massive pushback from the purchasers. Significant Calcium Formate makers had kept costs flooded in the face of oscillating feedstock Calcium and power cost with further improved exports. The rising international strain between Russia-Ukraine likewise upheld the motions in cost elements. Downstream demand improved from past quarters with more purchaser interest and productively performing businesses.
For the Quarter Ending March 2022
North America
The Calcium Formate market was seen to be on the upper end as arising construction and paper production additionally supported the market with supply limitations in the domestic market of US. Feedstock Formaldehyde and Calcium hydroxide market was additionally strong on top of bullish energy values and low inventories among the essential makers. In this quarter, the cost of Calcium formate surged by 2% compared with previous quarter. Accelerating Natural Gas and crude oil costs because of ongoing conflict among Russia and Ukraine kept the costs on upper end. The demand for new stock were increased with utilization of existing inventories among the enterprises. In US, the price of Calcium Formate in US during March were observed to be USD 1180/ton CFR Louisiana.
Asia Pacific
In India, the price of Calcium Formate surged in the first quarter with an expansion in downstream construction enterprises. Higher coal costs for cement production and its decreased accessibility kept the development business market flimsy, crushing benefits and expanding production expenses to fulfil the consumer's necessities. However, feedstock Methanol costs stay low because of freight movement from Russia to Northeast and Southeast Asian nations. Indian Petrochemical market outlook was under the pressure as the end of the financial year approached, with traders looking at a more exact price direction. In China, the price of Calcium Formate in March was observed to be USD 730/FOB Qingdao.
Europe
In Q1 2022, the cost of Calcium Formate increased all through the quarter. Strong market demand and insufficient item accessibility brought about such cost pattern. Europe's Petrochemical makers cut their production rates with surging pressure between Russia-Ukraine affecting the market sentiments. Surging energy cost and bullish energy values stayed the critical variables to expand the costs. The limited accessibility of feedstock because of the limited feed supply from significant suppliers and higher production cost constrained the producers to raise the offered quotations for Calcium Formate in the European domestic market. Owing to the conflict between Russia and Ukraine, trade route disturbance happened in the territorial market affecting the Calcium Formate market. In this quarter, the price of Calcium formate surged by 3% compared with previous quarter. The price of Calcium formate in March was observed to be USD 1280/ton CFR Hamburg.
For the Quarter Ending December 2021
North America
North American market showcased overall firm sentiments for the product across domestic market during Q4 2021. Raw material prices kept on escalating across domestic market on the back of firm offtakes by downstream end users. Construction sector of USA showcased sturdy offtakes during this timeframe, which marginally declined during end of December due to festive holidays. Meanwhile feed additives sector maintained overall stability across domestic market, while rising raw material cost remained a matter of concern for end users. Calcium Formate heard hovering around USD 1450/MT during December in USA.
Asia
Consistent increment in production cost has been affecting price trend of several commodities in Asia since a long time. As per traders, price of Calcium Formate price was tracing steep upward trajectory on the back of production halts across regional market coupled with delayed imports. Furthermore, domestic demand fundamentals showcased overall stability in the meantime, as downstream construction and animal feed sector maintained overall stability. However, due to these consistent hike product price crossed the threshold and traders started seeking for cheaper imports. As per the analysis, disturbance in China due to high energy cost affected the overall Asian market dynamics. Calcium Formate price assessed as USD 1465/MT during November.
Europe
European market heard witnessing frequent ups and downs throughout this timeframe on the back of rising upstream values. After prolonged pandemic related restrictions in the European region, some major economies showcased a bounce back in production as well as consumption of the domestic market. However, enormous rise in natural gas cost remained a centre of attraction for global market, which pushed up prices of most of the major commodities of regional market. Feed additive and construction sector remained firm enough to channelise overall supplies of Calcium Formate in the regional market.
The prices of Calcium Formate witnessed a significant rise across the North American region in Q3 of 2021 on the back of the consistent demand from the downstream construction industry. High energy pricing and soaring freight costs continued to deter the country's trade momentum during the third quarter. The occurrence of Hurricane Ida in September had a devastating impact on several manufacturing units which caused overall operating rates to fall in Q3 of 2021.
The resumption of industrial activities positively affected the overall domestic market in the Asia Pacific region during the third quarter. The price trend of Calcium Formate observed a steep rise during Q3 followed by the increased building and infrastructure activities across the region. Skyrocketing freight costs and limited availability of the material further affected the supply outlook during the quarter. In the Indian market, demand has remained firm from the cement manufacturers. Calcium Formate 98% (Industrial grade) prices have escalated from USD 628/MT to USD 691/MT during the third quarter.
In the European region, the demand for Calcium Formate showcased an improvement in Q3 for tile adhesives manufacturing due to the growth in the construction sector. Withdrawal of force majeure by the leading manufactures in Germany translated into an improved supply outlook in the domestic market during Q3. In terms of demand, increased demand for packaging materials has been proportional to the increase in food production during the quarter.
