For the Quarter Ending March 2022
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.
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.
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 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.
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.
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.