For the Quarter Ending September 2025
North America
• In the USA, the Calcium Formate Price Index declined quarter-over-quarter, driven by weak cost support from formic acid feedstock and low downstream demand.
• Calcium Formate Spot Price weakened amid abundant inventories and reduced cement and construction activity.
• Calcium Formate Price Forecast anticipates limited volatility with downward bias due to inventory overhang and slow infrastructure spending.
• Calcium Formate Production Cost Trend softened as formic acid prices eased.
• Calcium Formate Demand Outlook stayed weak in cement and construction due to end-user sector slowdown, partially cushioned by stable animal feed demand.
• Elevated inventories and restricted export flows continued pressuring the Calcium Formate Price Index despite selective buying.
• Producers maintained seasonally reduced operating rates, limiting output but failing to offset weak market absorption.
Why did the price of Calcium Formate decrease in September 2025 in the North America?
• Declining formic acid feedstock prices lowered production costs, eliminating upward support for Calcium Formate Spot Price.
• Subdued cement and construction demand suppressed offtake, sustaining high inventory levels across terminals.
• Weak export demand and logistics constraints prolonged domestic stock buildup, hindering price recovery.
APAC
• In China, Calcium Formate Price Index fell by 4.05% quarter-over-quarter, driven by weak construction demand.
• The average Calcium Formate price for the quarter was approximately USD 465.33/MT, reported by sources.
• Calcium Formate Spot Price rebounded in September after feedstock tightness reduced domestic inventories and shipments.
• Calcium Formate Price Forecast expects volatility with potential constrained upside due to persistent inventory overhang.
• Calcium Formate Production Cost Trend showed rising formic acid costs tightening margins before output improvements.
• Calcium Formate Demand Outlook remains weak in cement but improved animal feed demand supported volumes.
• Elevated inventories and constrained export movement pressured the Calcium Formate Price Index despite buying interest.
• Producer operating rates were lowered seasonally, reducing throughput and supporting tightening in the Price Index.
Why did the price of Calcium Formate change in September 2025 in APAC?
• Tight formic acid inventories reduced upstream supply, raising production constraints and prompting September price rebound.
• Weak construction demand and subdued cement procurement suppressed offtake, maintaining high inventories, limiting price gains.
• Port congestion and disrupted exports extended domestic accumulation, slowing shipments and weakening price discovery dynamics.
Europe
• In Germany, the Calcium Formate Price Index declined quarter-over-quarter, driven by weak cost support from formic acid feedstock and low downstream cement demand.
• Calcium Formate Spot Price softened amid ample inventories and reduced construction activity in infrastructure projects.
• Calcium Formate Price Forecast expects limited volatility with downside risk due to persistent inventory overhang and sluggish building sector.
• Calcium Formate Production Cost Trend eased following declining formic acid prices, relieving margin pressure.
• Calcium Formate Demand Outlook remained weak in cement and construction due to end-user sector slowdown, partially offset by steady animal feed uptake.
• Elevated inventories and constrained export movement continued to pressure the Calcium Formate Price Index.
• Producers lowered operating rates seasonally, reducing output but not enough to counter weak demand absorption.
Why did the price of Calcium Formate decrease in September 2025 in Europe?
• Weak formic acid feedstock prices reduced production costs, removing upward support for Calcium Formate Spot Price.
• Subdued cement procurement and construction slowdown suppressed offtake, sustaining high inventory levels.
• Limited export demand and logistics bottlenecks extended domestic stock buildup, weakening price recovery momentum.
For the Quarter Ending June 2025
North America
• The calcium formate market in North America maintained a steady downward trajectory through Q2 2025, as weak construction-linked consumption and high inventories kept market sentiment bearish. With formic acid and calcium carbonate prices remaining soft, production costs declined, but this cost relief failed to provide any upward support as demand fundamentals remained weak across key end-use sectors.
• In April, prices eased in USA as weak housing starts and subdued builder sentiment weighed on cement consumption, despite the seasonal uptick in construction activity. High mortgage rates and slow-moving commercial project pipelines further dampened demand, leaving suppliers reliant on discounted spot transactions to manage inventories.
• May brought additional price pressure as inventory overhang persisted, with distributors continuing to face slow offtake from residential and non-residential construction. Cost-side weakness from feedstock inputs lowered production expenses, but this benefit was offset by sluggish market movement and cautious procurement.
• By June, prices remained on a downward path as elevated stock levels and limited cement consumption—exacerbated by ongoing high borrowing costs and stalled infrastructure projects—kept buying enthusiasm low. Sellers were compelled to offer competitive discounts to clear volumes, with weak cost support from feedstock markets providing little buffer against the prolonged demand softness.
Why did the price of Calcium Formate change in July 2025 in North America?
• In July, the Calcium Formate Price Index in North America declined as soft feedstock costs, elevated inventories, and weak demand from cement and concrete industries weighed on the market.
• The Calcium Formate Production Cost Trend stayed subdued, with oversupplied formic acid and calcium carbonate markets keeping input costs low, prompting sellers to issue competitive offers to clear stock.
• Persistent weakness in construction activity, slow real estate investment, and cautious procurement by end-users left spot trading thin, amplifying inventory pressure and sustaining the downward trend in prices.
Asia
• The calcium formate market in Asia showed a firm-to-weak trajectory through Q2 2025, with prices rising modestly in April before softening into May and June. Early-quarter strength was supported by firmer formic acid costs and seasonal improvements in cement and concrete consumption, while later-quarter weakness reflected low construction activity, ample inventories, and tepid export demand amid regional weather disruptions.
• In April, prices rose in China as steady feedstock formic acid costs kept production expenses elevated, while seasonal recovery in concrete and cement sectors and modest post-Ramadan export inquiries lent support. Despite healthy inventories, cost-driven firmness and short-cycle restocking pushed prices moderately higher.
• May saw prices initially hold steady, supported by strong offtake from the feed additive segment as pig farming activity accelerated with rising piglet prices, especially in Hunan and Guangdong. However, post-holiday production rebounds and sluggish construction demand drove a mid-month decline, as inventories replenished and market activity slowed.
• By June, prices trended weaker as high inventories, muted domestic and export demand, and seasonal monsoon disruptions curtailed construction-linked consumption. While the feed additive sector provided baseline support, lackluster cement and concrete activity, coupled with delayed exports due to flooding and logistical issues, weighed on market sentiment and drove further softness across the region.
Why did the price of Calcium Formate change in July 2025 in Asia?
• In July, the Calcium Formate Price Index in Asia declined as weak feedstock costs, elevated inventories, and subdued demand from cement and concrete industries during the seasonal construction lull weighed on the market.
• The Calcium Formate Production Cost Trend stayed soft, with oversupplied formic acid and calcium carbonate markets limiting input cost support, prompting sellers to maintain discounted offers.
• Ongoing weather disruptions, including heavy rains and floods across Asia, further dampened construction activity, while muted export inquiries and high stock levels left spot trading minimal and prices under sustained pressure.
Europe
• The calcium formate market in Europe maintained a steady downward trajectory through Q2 2025, with prices declining throughout the quarter as weak feedstock fundamentals and subdued downstream consumption weighed heavily on sentiment. Persistent weakness in formic acid and calcium carbonate costs lowered production expenses but failed to provide any price support, as sluggish demand from the construction-linked cement sector and high inventory levels dominated market dynamics.
• In April, prices edged lower as housing and commercial construction remained sluggish across Germany and the broader Eurozone, curbing cement demand despite seasonally favorable weather. Weak cost support from softening formic acid values and steady inventories kept sellers under pressure, while export flows into neighboring markets failed to absorb surplus volumes.
• May saw further declines as high stock levels and persistently muted construction activity weighed on procurement, with new residential and commercial project launches staying minimal. Export demand into Southern and Eastern Europe remained insufficient to offset domestic weakness, leaving distributors reliant on discounted spot sales.
• By June, prices continued to slide as cement demand contracted further amid ongoing Eurozone construction downturns. Rising borrowing costs and restrained infrastructure spending reduced project activity, while inventory overhang and tepid export interest left sellers with limited leverage, forcing sustained price concessions across key European hubs.
Why did the price of Calcium Formate change in July 2025 in Europe?
• In July, the Calcium Formate Price Index in Europe declined as weak feedstock costs, rising inventories, and muted demand from cement and concrete sectors pressured the market.
• The Calcium Formate Production Cost Trend remained soft, with oversupplied formic acid and calcium carbonate markets keeping input costs low, prompting sellers to maintain flexible and discounted offers.
• Sluggish construction activity, subdued real estate investment, and limited export flows left procurement restrained, while high stock levels across distributors further weighed on spot prices and sentiment.
For the Quarter Ending March 2025
North America
Throughout Q1 2025, the calcium formate market in North America displayed a mixed trend. January 2025 witnessed price declines due to weak downstream demand, high inventories, and weather-related disruptions in construction, which reduced consumption in the downstream such as cement and concrete. Competitive import prices from Asia further weakened the market, keeping sentiment bearish in the market.
In February, prices began to recover marginally as cold weather abated, and new construction inquiries improved slightly. While overall demand remained subdued, lower logistics costs and gradually depleting inventories supported a moderate price uptick. High interest rates and extended project timelines continued to weigh on broader procurement sentiment.
March saw further improvement in pricing, bolstered by stable domestic supply and slightly stronger data from the construction sector. However, weaker forward indicators such as falling building permits and completions, along with subdued public infrastructure spending, limited the extent of gains. Buyers remained cautious, prioritizing short-term procurement amid broader macroeconomic uncertainty and steady supply conditions.
APAC
Throughout Q1 2025, the calcium formate market in APAC experienced a fluctuating trajectory, starting with consecutive monthly price declines in January and February before a modest recovery in March. In January, prices softened due to limited downstream demand from the cement and concrete sectors during the construction off-season. Cold weather in northern China and widespread site shutdowns in the south constrained market activity, while high cement inventories and sluggish trading further weighed on sentiment. February continued the downtrend, as the Lunar New Year holidays stalled market operations, leaving ample calcium formate supply amid weak demand. Muted consumption and expanding production capacities across the region-maintained pressure on pricing. However, in March, prices edged higher as feedstock formic acid costs strengthened. Still, demand recovery remained slow, with only partial restarts in southern construction projects and funding challenges delaying progress in northern regions. Export sentiment also stayed subdued, reflecting weak international appetite. Despite improved supply management, cautious procurement and inconsistent downstream performance defined the quarter’s close, with only a slight upward correction in market pricing.
Europe
Throughout Q1 2025, the calcium formate market in Europe followed a mixed trajectory, beginning with declines in January before firming through February and March. In January, prices trended lower amid weak demand from the cement and concrete sectors, particularly as winter weather curtailed construction activity across northern and central Europe. Elevated energy costs and high inventory levels further pressured market sentiment, with manufacturers reducing output to manage stockpiles. February saw a shift, with prices gradually firming on the back of steady restocking by distributors and seasonal preparations for infrastructure work. Although construction activity remained muted, early signs of recovery in the Eurozone’s housing and commercial segments helped stabilize procurement. By March, prices edged higher again as tighter domestic supply met growing demand from the ready-mix concrete industry, especially in southern Europe where projects resumed with improving weather. However, the overall market remained cautious, constrained by ongoing softness in civil engineering and industrial construction across major economies like Germany and France. Market participants largely adopted short-term procurement strategies amid lingering economic uncertainty.
For the Quarter Ending December 2024
North America
In Q4 2024, calcium formate prices in North America exhibited fluctuating trends, shaped by feedstock costs, seasonal demand shifts, and downstream cement and concrete market dynamics. In the United States, prices experienced a slight increase in October, supported by steady demand from concrete and construction applications. The construction industry maintained consistent procurement levels for renovation projects, particularly those focused on energy-efficient upgrades and infrastructure maintenance. Additionally, tight inventories and stable feedstock formic acid prices contributed to the marginal price uptick during the month.
In November, prices declined moderately as demand softened across key downstream industries, including cement and concrete. The completion of peak construction activities and a slowdown in new projects, driven by high interest rates and reduced housing starts, weighed on market sentiment. Manufacturers reported elevated inventory levels, prompting cautious production strategies and discounting efforts to clear excess stock.
By December, calcium formate prices saw a slight recovery, driven by pre-holiday procurement for essential projects and maintenance activities. However, seasonal slowdowns and limited construction activity during the winter tempered the overall market recovery. Buyers prioritized immediate needs, avoiding bulk purchases amid cautious market sentiment.
APAC
In Q4 2024, calcium formate prices in APAC exhibited a mixed trend, driven by fluctuating demand and persistent supply-demand imbalances across key markets. In October, prices declined due to weak cost support from feedstock formic acid and limited procurement activity from downstream industries like cement and concrete. China's ongoing real estate slump significantly impacted demand, with a sharp decline in housing sales and reduced construction activity weighing heavily on the market. Despite a slight rise in concrete demand in northeastern China, overall market sentiment remained bearish, as abundant supply and high inventories pressured prices downward.
In November, calcium formate prices experienced a slight recovery, supported by stable feedstock prices and temporary supply chain disruptions caused by earlier typhoons, which shifted export volumes and tightened supply. A modest rebound in sales by leading Chinese developers provided temporary optimism, though broader economic uncertainties persisted. By December, prices declined again as seasonal factors, including reduced construction activity in northern regions due to cold weather, further weakened demand. Stable feedstock prices offered limited cost relief, while manufacturers reduced production rates to manage oversupply.
Europe
In Q3 2024, calcium formate prices in Europe declined as weak demand from downstream industries, particularly the construction sector, weighed heavily on the market. Despite adequate supply and stable feedstock formic acid prices, bearish sentiment persisted due to subdued procurement activity across key applications like concrete, cement. The European construction sector continued to face significant challenges, including high borrowing costs, escalating material expenses, and delays in project execution. New project activity remained low, with seasonal slowdowns during the summer months exacerbating the downturn. The renovation and maintenance segments offered limited support, driven by energy-efficient upgrade initiatives, but these gains were insufficient to offset the broader decline in demand. Manufacturers maintained moderate production rates to manage inventories, but logistical constraints and rising energy costs added operational pressures. Elevated inventories across suppliers reflected cautious purchasing behavior from end-users, who limited procurement to immediate needs. With minimal pricing power and constrained downstream demand, the calcium formate market struggled to stabilize in the European market.
