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.