For the Quarter Ending June 2022
Calcium Silicate price continued escalating throughout the quarter across the US market owing to stable demand fundamentals for the product from the downstream construction and pharma industry amidst high input costs. As per the insights, high raw material costs and soaring natural gas prices during the second half of the quarter led to a steep rise in the price of several commodities, including Calcium Silicate, in the US market. Furthermore, rising domestic freight charges also remained a major concern, as it was another reason for the consistent price uptrend in the domestic market.
Market sentiments for Calcium Silicate remained buoyant throughout the quarter in the Asian market, while China remained the price fluctuations center. According to the analysis, the price of Calcium Silicate increased by about USD 35/MT in May 2022 in China. According to the sources, this price increase was supported by a steady rise in raw material costs, including expensive coal and low natural gas imports into the country. However, it was observed that the country's need for the product has decreased due to pandemic-related problems. According to a reliable market source, Calcium Silicate prices have stayed strong throughout the quarter even though demand from the cement and pharma industry has decreased due to reduced industrial activity, all thanks to China's Zero COVID policy.
Due to consistent domestic market offtakes and growing import material prices, ChemAnalyst data indicates a rise of about USD 28/MT in Germany. According to a reliable market source, supply chain disruptions in the local market have caused prices of imported commodities to increase. Since the beginning of the war between Russia and Ukraine in February 2022, trading activities have been disrupted, which makes it more difficult for local players to maintain their industrial activities. From the downstream construction sector, where building material costs have been steadily increasing since February 2022, the demand fundamentals for the product have been constant across the European market.
For the Quarter Ending March 2022
Being a very common product, Calcium Silicate prices maintained overall stability and gained marginally during this quarter, under the influence of rising inflationary pressure on manufacturers. Russia Ukraine conflict has been affecting global crude oil value chain since the Q4 2021, which is still a major concern for key players. Furthermore, demand for the product remained firm from the domestic market, while traders received ample queries from niche buyers. In addition, raw material prices keep on tracing uptrend due to rising upstream value supported by high demand from other downstream segments. Thus, Calcium Silicate prices in USA was assessed as USD 1100/MT during February 2022.
The Asian Calcium Silicate market was hampered owing to reduced raw material production, supply chain disruptions, and hampered trade movements on the account of Lunar Holidays and Winter Beijing Olympics which caused the prices to skyrocket during the month of February in China. The rise in energy prices coupled with supply disruptions was majorly influenced by the ongoing Russia-Ukraine conflict, that has pushed up Calcium Silicate prices. Upstream feedstocks Hydrochloric Acid and Sodium Silicate prices have risen in China as worldwide demand has surged, affecting the construction industries. With rising bulk purchases in the regional market, buying sentiments were seen to be high.
The price of Calcium Silicate in Germany increased by 5% month over month to USD 1175/MT in February. Supply restrictions in Germany for the feedstocks Hydrochloric Acid and Sodium Silicate, as well as limited stockpiles in the industries, contributed to the recent price trend. Furthermore, after Moscow's activity in eastern Ukraine, Germany paused the certification process for the Nord Steam 2 pipeline, citing seasonal demand growth, higher scrap costs, and concerns that energy prices could rise further. Downstream demand from the cement and construction industries, as well as the pharmaceuticals industry, appeared to be strong. Traders were heard purchasing on the spot market for the next months, citing logistics limitations and rising transportation costs as reasons.