For the Quarter Ending September 2025
North America
• In USA, the Quicklime Price Index rose by 1.54% quarter-over-quarter, reflecting steady imports and recovering construction demand.
• The average Quicklime price for the quarter was approximately USD 220.33/MT, reported by CFR Texas market data.
• Quicklime Spot Price stayed pressured by steady imports, while the Price Index reflected subdued industrial offtake levels.
• Quicklime Price Forecast shows modest gains into Q4 as construction recovery and infrastructure projects gradually boost demand.
• Quicklime Production Cost Trend remained stable given steady feedstock prices, limiting upward pressure on the Price Index.
• Quicklime Demand Outlook improved late quarter with construction momentum, supporting a firmer Price Index into early autumn.
• Inventory levels remained elevated, pressuring the Quicklime Price Index despite stable imports and cautious distributor restocking activity.
• Export demand and port congestion risks were limited, keeping Quicklime Spot Price relatively stable across Gulf markets.
Why did the price of Quicklime change in September 2025 in North America?
• Consistent imports from Mexico and Canada kept supply ample, restraining Quicklime Price Index rises despite weak demand.
• Tariff-driven costs led to steel and aluminum production idling, reducing Quicklime demand and pressuring the Price Index.
• Minor Mexican port congestion and inventories limited supply disruption, maintaining downward pressure on the Quicklime Price Index.
APAC
• In Malaysia, the Quicklime Price Index fell by 0.0% quarter-over-quarter, reflecting balanced supply and cautious seasonal demand.
• The average Quicklime price for the quarter was approximately USD 120.67/MT, based on FOB Klang transactions and export flows.
• Quicklime Spot Price exhibited limited volatility amid steady exports and muted domestic construction activity during monsoon season.
• Quicklime Price Forecast indicates modest recovery toward year-end as inventories drawdown and infrastructure projects resume activity.
• Quicklime Production Cost Trend remained stable because feedstock calcium carbonate prices held steady, supporting predictable manufacturing margins.
• Quicklime Demand Outlook shows gradual improvement driven by cement capacity expansion and stronger regional steel and infrastructure investment.
• Quicklime Price Index was pressured by inventory accumulation and competitive regional export offers, limiting upward price momentum this quarter.
• Export volumes remained consistent to India, Korea, and Indonesia, sustaining market balance despite short-term domestic demand softening.
Why did the price of Quicklime change in September 2025 in APAC?
• Seasonal monsoon reduced domestic construction activity, temporarily lowering local quicklime offtake and pressuring spot buying interest.
• Inventory buildup by producers ahead of H2 demand muted pricing, while exports remained steady but competitively priced.
• Stable feedstock costs and uninterrupted port operations limited cost pressures, keeping manufacturing economics predictable for exporters.
Europe
• In France, the Quicklime Price Index rose by 0.91% quarter-over-quarter, reflecting modest demand-restocking against steady supply.
• The average Quicklime price for the quarter was approximately USD 184.67/MT, per FOB St. Savin assessments.
• Quicklime Spot Price remained supported by steady cement-sector purchases, while domestic inventories moderated after summer restocking.
• Quicklime Price Forecast indicates modest upward bias into autumn, contingent on export flows and construction project execution.
• Quicklime Production Cost Trend saw limited pressure from feedstock and energy, constraining producers' ability to cut prices further.
• Quicklime Demand Outlook remains mixed as robust infrastructure projects offset weakness in residential construction activity.
• Quicklime Price Index volatility will reflect inventory cycles, export logistics and downstream cement and mortar procurement patterns.
• Exporters maintained shipments to Belgium, Sweden, and Italy, while minor UK port congestion intermittently pressured outbound flows.
Why did the price of Quicklime change in September 2025 in Europe?
• Persistent domestic oversupply and slow construction drawdown significantly reduced upward price momentum in September 2025.
• Elevated inventories and modest feedstock energy costs limited producers' incentive to raise Quicklime prices further.
• Minor UK port congestion and uneven export flows intermittently disrupted logistics, dampening demand-driven price support.
MEA
• In United Arab Emirates, the Quicklime Price Index rose by 0.0% quarter-over-quarter, reflecting balanced exports.
• The average Quicklime price for the quarter was approximately USD 122.67/MT, reflecting FOB Jebel Ali realizations.
• Quicklime Spot Price held steady, with Price Index stability supported by uninterrupted production and throughput.
• Quicklime Price Forecast suggests marginal softening short-term as regional competition persists, but downside remains limited.
• Quicklime Production Cost Trend remained neutral, energy and feedstock costs stable, preventing significant upward pressure.
• Quicklime Demand Outlook improved from construction and steel activity, supporting sustained export volumes to buyers.
• Quicklime Price Index movements reflected steady inventories, competitive FOB pricing, and shipments to key markets.
• Jebel Ali port efficiency, stable producer operations maintained flows, limiting disruptions and preventing price spikes.
Why did the price of Quicklime change in September 2025 in MEA?
• Stable production and smooth Jebel Ali logistics maintained consistent supply, offsetting moderately upward price pressures.
• Moderate external demand from India and Oman limited upward momentum despite regional construction activity continuing.
• Price competition from Asian suppliers exerted downward pressure, compelling UAE exporters to sustain FOB pricing.
South America
• In Brazil, the Quicklime Price Index fell by 0.21% quarter-over-quarter due to inventory overhang persistently.
• The average Quicklime price for the quarter was approximately USD 157.33/MT, based on CFR Santos import assessments and trade invoices.
• Quicklime Spot Price remained soft amid steady imports and distributor reluctance to place fresh bookings.
• The Quicklime Price Forecast shows modest recovery later year as inventories liquidate and construction picks.
• Quicklime Production Cost Trend remained stable, feedstock and freight costs providing limited upward pressure recently.
• Quicklime Demand Outlook points to muted steel flux consumption, while cement-related demand gradually supports volumes.
• Quicklime Price Index movements tracked monthly import arrivals and domestic offtake, reflecting inventory-driven price dynamics.
• Export demand remained subdued, inventories high at distribution hubs, prompting importers to defer procurement activity.
Why did the price of Quicklime change in September 2025 in South America?
• Persistent import inflows outpaced weak downstream demand, leading to inventory accumulation and downward price pressure.
• Steel sector underutilization and softer hot-rolled coil prices reduced metallurgical quicklime consumption across domestic plants.
• Elevated holding costs and importer reluctance delayed fresh bookings, mitigating potential upward pressure on prices.
For the Quarter Ending June 2025
North America
• The Quicklime Spot Price in the United States increased by 2.36% quarter-over-quarter in Q2 2025, rising from USD 212/MT in Q1 to USD 217/MT in Q2.
• The Price Index was supported by strong end-use activity in steel, wastewater treatment, and construction sectors through April and May.
• June witnessed a pullback following a 50% tariff on steel and aluminum imports, temporarily dampening metallurgical demand.
• Despite early volatility, the acquisition of U.S. Steel by Nippon Steel and steady logistics from Canada and Mexico ensured supply consistency.
• Inventory levels remained stable, and domestic kilns operated at near-normal utilization, keeping the Quicklime Production Cost Trend steady.
Why did the price of Quicklime change in July 2025 in North America?
• July prices fell due to a sharp drop in steel output following tariff hikes, reducing metallurgical demand.
• Early-month industrial offtake remained soft, though recovery signs emerged in construction by month-end.
• Imports from Mexico and Canada continued, balancing domestic availability.
• Quicklime demand showed early-stage rebound, but overall sentiment remained below Q2’s peak levels.
South America
• The Quicklime Spot Price in Brazil rose by 3.73% quarter-over-quarter, from USD 152/MT in Q1 to USD 157.66/MT in Q2 2025.
• April and May saw firm demand from construction, glass, and bottling sectors, supported by consistent imports from Uruguay.
• However, June experienced a pullback due to oversupply, elevated inventories, and weak steel consumption amid falling hot-rolled coil prices.
• Mining sector underperformance and high inventory costs discouraged new procurement, weakening market momentum.
• Despite Santos port delays, upstream logistics remained intact, maintaining supply availability throughout the quarter.
Why did the price of Quicklime change in July 2025 in South America?
• July prices declined as steel demand fell, with distributors reporting high stock levels.
• Cement sales improved modestly, but construction sentiment remained fragile.
• Oversupply from previous months led importers to delay new orders.
• Government housing programs helped limit the downside, but demand remained too weak to sustain previous price gains.
Middle East & Africa (United Arab Emirates)
• The Quicklime Spot Price in the UAE increased modestly by 1.66% from USD 120.66/MT in Q1 to USD 122.66/MT in Q2 2025.
• April and May were marked by healthy exports to India, Oman, and Nigeria, supported by smooth port operations at Jebel Ali.
• In June, prices dipped slightly due to intensifying competition from lower-cost Asian exporters.
• Domestic consumption stayed moderate, while aluminum and glass manufacturing activity held steady.
• The Quicklime Production Cost Trend remained controlled amid stable logistics and energy input rates.
Why did the price of Quicklime change in July 2025 in the UAE?
• Prices declined marginally as regional buyers turned into cheaper alternatives from Asia.
• Exports continued smoothly, but downward pricing pressure persisted due to global cost competition.
• Local demand remained flat, keeping producers export focused.
• UAE retained competitiveness through strategic location and efficient port turnaround.
Asia Pacific (China)
• The Quicklime Spot Price in China rose by 1.69%, from USD 138.33/MT in Q1 to USD 140.66/MT in Q2 2025.
• The Price Index was driven by strong regional exports to Indonesia, Hong Kong, and Papua New Guinea during April and May.
• Domestic demand stayed weak throughout the quarter, especially in steel and construction sectors, amid sluggish economic sentiment.
• June saw prices fall again as apparent steel consumption dropped 12.3% YoY and rebar demand weakened.
• Port congestion at Qingdao delayed exports, creating localized oversupply and muted inland demand.
Why did the price of Quicklime change in July 2025 in China?
• Prices declined due to excess inventories and persistent weak downstream consumption.
• Steel and construction sectors pulled back sharply amid economic caution and PMI contraction.
• Qingdao port delays hampered logistics, slowing export velocity.
• Beijing’s warning over destructive price competition highlighted market instability.
For the Quarter Ending March 2025
North America
The U.S. Quicklime market exhibited stability in Q1 2025, with month-on-month fluctuations influenced by regional dynamics and external factors. In January, Quicklime prices rose by 0.9%, driven by restricted port activities and severe winter weather that disrupted logistics and construction operations. Despite these challenges, demand remained steady due to consistent consumption in cement manufacturing, construction, and industrial sectors like water treatment and steel production. The import market also saw higher quotations from exporting nations, influenced by increasing overseas demand and tariff-related concerns with China.
In February, Quicklime prices stabilized as supply dynamics improved. Adequate inventory levels and declining global freight rates helped maintain market equilibrium, offsetting stagnant downstream demand. The construction sector showed limited activity, with cement shipments falling by 6% year-on-year in 2024. Key regions, such as the Northeast and Texas, reported notable declines in consumption. Despite these challenges, steady import volumes and efficient inventory management by producers ensured market availability without surplus accumulation.
By March, Quicklime prices remained stable, supported by consistent inventory and low freight rates. While demand across construction and cement sectors remained average, infrastructure projects and industrial applications provided baseline consumption. Overall, the U.S. Quicklime market balanced supply and demand effectively during Q1 2025, mitigating volatility.
APAC
In Q1 2025, Quicklime prices in Thailand and Malaysia saw month-on-month increases, supported by steady inventory levels and lower freight rates. Demand across both markets remained moderate, driven by construction and manufacturing activities despite persistent cost pressures.
In January, Thailand's Quicklime prices rose, fueled by restocking activities and rising construction material costs. Merchants replenished inventories in anticipation of steady demand, while the construction sector faced challenges from escalating land and material costs. Developers employed promotions to sustain interest in residential and condominium projects, particularly in Bangkok and nearby provinces. Similarly, Malaysia's Quicklime prices increased by 1.7% in January, driven by robust performance in the cement sector. Malayan Cement Berhad reported a significant 45% YoY net profit increase, reflecting heightened demand for ready-mixed concrete and contributing to a surge in Quicklime consumption.
In February, Quicklime prices in both countries continued to rise as supply chains stabilized. In Thailand, demand improved slightly as manufacturing activity rebounded, indicated by a PMI rise to 50.6. Restocking efforts supported the market, although shipping delays continued to challenge supply dynamics. In Malaysia, new orders from domestic sectors bolstered Quicklime demand, and PMI improved to 49.7, indicating near-stabilization.
By March, Quicklime prices remained on an upward trajectory, driven by stable inventories and sustained activity in the downstream construction and manufacturing sectors.
Europe
The European Quicklime market experienced fluctuating pricing trends across France, Germany, and the Netherlands during Q1 2025, with overall demand remaining subdued in the construction sector. Prices rose marginally in February and March, driven by industrial demand and supply constraints, despite weak construction activity.
In January 2025, Quicklime prices faced downward pressure across Europe, including France and Germany, due to sluggish demand from downstream sectors, particularly construction and cement. Reduced infrastructure investments, seasonal slowdowns, and macroeconomic uncertainties resulted in oversupply, further intensifying pricing challenges. French constructors scaled back employment and subcontractor usage, reflecting the economic strain in the sector.
In February, Quicklime prices in the Netherlands rose by 1.2%, supported by persistent demand from industrial sectors like steel manufacturing and chemical production. However, logistical challenges from winter conditions and limited production capacity tightened supply, sustaining price increases. Similar trends were observed in Germany, where industrial demand partially offset weak construction activity.
By March, prices in Europe continued to rise moderately, with gradual easing of winter conditions improving supply chain efficiency. Construction demand, however, remained low as cautious investment behavior and high production costs hampered recovery in the sector. Steady industrial demand across France and Germany bolstered market stability, despite ongoing challenges.
Middle East
The UAE Quicklime market demonstrated a consistent upward price trend during Q1 2025, supported by robust construction and real estate activities, particularly in Sharjah. Key drivers included increased property transactions, infrastructure developments, and industrial expansion, all of which bolstered demand for construction materials, including Quicklime.
In January 2025, Quicklime prices rose as Sharjah's real estate sector surged, recording AED 7 billion in transactions—an 80% increase from AED 3.9 billion in January 2024. The doubling of transaction volumes to 11,116 emphasized heightened investor and buyer interest, fueling demand for construction materials. The supply side, however, remained tight, as no significant expansions in production capacity were reported.
February saw further price increases, driven by AED 3.5 billion in real estate transactions across 7,768 deals in Sharjah. Rising energy costs and logistical challenges constrained Quicklime production, tightening supply further. Increased infrastructure developments and ongoing industrial expansion contributed to the bullish market sentiment, despite seasonal fluctuations.
By March, Quicklime prices continued their upward trajectory, supported by government-backed infrastructure projects and private sector investments. Demand remained strong across construction, real estate, and industrial sectors, as well as from the steel and chemical industries, reinforcing the positive market momentum.
For the Quarter Ending December 2024
North America
In Q4 2024, the U.S. Quicklime market continued to face challenges marked by weak demand and declining prices. After a 1.3% drop in October, driven by sluggish demand from the construction sector and weaker cement sales, Quicklime prices fell further by 0.9% in November due to cheaper imports from China and declining global freight rates.
Cement shipments in the U.S. declined, impacted by high interest rates and reduced procurement activity in preparation for lower production volumes. While supply conditions remained adequate with stable inventories, the influx of affordable Chinese Quicklime, boosted by lower energy costs and production efficiency, contributed to the price decline. Despite some stabilization in new orders toward the end of November, the overall market sentiment remained subdued, as demand from key sectors like construction, steel, and environmental applications stayed moderate. December saw little change, with construction activity stable but unremarkable, further limiting Quicklime consumption.
The year-end dynamics and the availability of competitively priced imports from China played a significant role in curbing price increases, leaving the U.S. Quicklime market in a state of stagnation with a subdued outlook for early 2025.
APAC
In the fourth quarter of 2024, Quicklime prices in China experienced a series of fluctuations, initially showing a decline in October and November, before stabilizing in December. In October, prices remained stable due to reduced demand in the construction sector, where economic uncertainties and slower infrastructure and real estate projects hindered consumption. The weakened export market, compounded by soft demand in other Asian markets and logistical challenges such as port congestion, further pressured Chinese producers. By November, Quicklime prices fell by 1.4%, driven by continued stagnation in the construction sector and reduced property sales, limiting developers' spending on new projects. The drop in calcium carbonate prices and a decline in cement production also contributed to the lower production costs of Quicklime. In December, however, Quicklime prices stabilized as the supply and demand dynamics reached balance. Manufacturing activity showed signs of recovery, supported by government policies, while the construction sector exhibited positive momentum, reflected in a rise in China’s non-manufacturing PMI. Although external demand remained soft, steady domestic supply and improved internal consumption helped keep prices steady, signaling a cautious stabilization in the market as the year came to a close.
Europe
In the fourth quarter of 2024, the European Quicklime market faced continued challenges, marked by fluctuating prices and weak demand across key sectors. After a brief price increase in October, driven by higher raw material and energy costs alongside supply chain disruptions, the market turned downward in November, with prices falling by 1.26%. This decline reflected a slowdown in construction activity, particularly in Germany, where new orders in the construction industry dropped sharply. Despite stable production and inventory levels, demand remained sluggish, especially in the cement sector, due to reduced infrastructure projects, lower residential construction, and declining public investment. As the quarter progressed into December, market conditions worsened, with the German construction sector entering recession and experiencing the steepest decline in activity in eight months. The absence of new orders and reduced labor demand weighed heavily on the market, with residential construction seeing the largest drop. Meanwhile, Quicklime inventories grew, leading to oversupply pressure and further price declines. Overall, weak demand, exacerbated by political and economic uncertainties, contributed to a pessimistic outlook for the industry, as construction companies expressed concerns about ongoing contraction in early 2025, and purchasing behavior remained cautious heading into the new year.
MEA
In Q4 2024, the UAE Quicklime market experienced a steady decline in prices, primarily driven by weak demand from the downstream construction sector and a slowdown in the broader economy. After remaining stable in October, Quicklime prices fell by 0.8% in November, influenced by reduced feedstock costs and ample supply. The construction sector showed no significant growth, with project delays and cancellations, especially those tied to government or oil-related funding, dampening demand. The non-oil sector also faced challenges, with sluggish industrial activity and limited new orders, further suppressing Quicklime consumption. In December, the price of Quicklime continued to decline, exacerbated by weak export demand and a general slowdown in overseas markets, particularly in Southeast Asia and Europe. Destocking activities both locally and internationally helped ease some price pressure, while producers adjusted output to avoid oversupply and protect profit margins. UAE-based Quicklime producers also employed year-end discounting strategies to clear inventories, contributing to the downward price trend. Despite stable supply levels meeting domestic needs, the overall market remained subdued, with moderate demand from sectors like construction and agriculture and a lack of significant growth. This left the Quicklime market in the UAE in a state of stagnation, with a cautious outlook for early 2025.
