For the Quarter Ending June 2021
During the second quarter of 2021, supplies of Tri-Calcium Phosphate (TCP) in the North American region improved as the inventories level of the key feedstock calcium hydroxide were significant to amplify the production of Tri-Calcium Phosphate. Soaring Phosphoric Acid kept the prices reasonably high despite stable demand from the downstream consumer goods industry throughout the second quarter of 2021. TCP sales remained subdued as shipment and transport disruptions continued to weigh on the market supply, further adding tailwinds for the regional pricing.
In the Asia Pacific region, Tri Calcium Phosphate (TCP) supply was ample to meet rising enquiries from the downstream industry. Despite the second COVID wave in India the offtakes were consistent from the downstream consumer goods industries. Surplus inventories of upstream Calcium Hydroxide supported the production of Tri-Calcium Phosphate whereas, some hinderance could be sensed due to the reduced production rate in the Phosphoric Acid industry. Overall, TCP demand outlook in the Asia pacific region was firm along with the consistent offtakes from the consumer goods industry such as toothpaste and baby powder.
The European Tri-Calcium Phosphate market witnessed a stable demand this quarter, backed by modest offtakes from the regional, feed additive and personal care segment. On the other hand, price of feedstock Phosphoric Acid was rising in the meantime, due to the firm offtakes from the agrochemicals segment in the regional market. The demand from the animal feed segment-maintained sturdiness during this timeframe. However, regional experts were raising concern over the imports of Tricalcium Phosphates and some of its bad effect on cattle. In addition, rising freight cost and logistical issue also exacerbated the overall market scenario of the region.
For the Quarter Ending March 2021
The Tricalcium Phosphate market witnessed balance demand from the personal care, cosmetics, and pharmaceutical sector during Q1 2021. However, the supply fundamentals were severely hampered by the limited availability of the feedstock of Calcium Hydroxide and Phosphoric Acid as a repercussion of the sub-zero temperature in the USA gulf region which disrupted the overall supply chains in the region. Supply shortages amid ample demand hiked the prices of Tricalcium Phosphate in the region.
The supplies of the Tricalcium Phosphate in the Asia Pacific region were improved as the commercial and market activities picked up pace. The industrial production faced setback in the traditional offseason during the spring festival in China. Demand was sturdy, as the offtakes from the pharmaceutical grade and technical grade remained firm, whereas the demand hiked for the feed grade from the personal care and cosmetics sector. Meanwhile the prices of Tricalcium Phosphate in India were assessed around USD 822 per tonne in March.
The European Tricalcium Phosphate market fundamentals were hampered due to the tight supplies, inflation in raw material rates amid persistent supply shortages due to global disruptions. Furthermore, regional imports stood hampered as the shipments from the USA declined followed by congestion in the trade routes between Asia and Europe. However, the demand witnessed a constant uptrend due to constant uptakes from the downstream pharmaceutical, cosmetics and personal care sector.
For the Quarter Ending December 2020
The Asian market was experiencing boom during Q4 2020 post healthy recovery from COVID-19 slowdown. A global TCP supplier stated that they had a healthy demand from China during final quarter due to significant revival of domestic and industrial activities in China from COVID 19. In addition, leading global specialty minerals and specialty chemicals company, ICL group’s new white phosphoric Acid (WPA) unit in China was expected to complete before Q1 2020. This plant will boost the market sentiments and improve the supply of feedstock phosphoric acid across the region. Furthermore, in the Indian market, the COVID-19 recovery improved the demand of TCP mostly from health and nutrition sector. Improved demand led to rise in prices which rose from USD 696.3/tonne (October 2020) to USD 757.5/tonne (December 2020).
In the North American region, the demand of TCP remained stable during Q4 2020. Before Q4 2020, the demand for industrial grade phosphates and acid was higher. Later in the final quarter, market shifted to food grade phosphates and acids. The price of feedstock phosphoric acid took an uptrend amid stable demand and supply situation. A leading TCP supplier reported stable sales volume throughout the quarter but gained numbers compared to prior quarter.
In the European market, demand of TCP improved during Q4 2020 compared to previous quarter. The demand majorly came from nutritional supplements sector. For the domestic usage, feedstock phosphoric acid also increased across the region. Amid restricted material movement across Asian ports and negative production activities as an effect of second wave of COVID-19, price of Phosphoric Acid was reported high in the region.