Calcium Carbonate Prices Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the US market, Calcium Carbonate prices exhibited significant price fluctuations during the second quarter of 2023. These price fluctuations began with an increase in early Q2 due to heightened demand from the downstream food and additive sector. However, market concerns were amplified by an economic crisis triggered by the failure of two banks in late Q1. Additionally, declining energy material prices exerted downward pressure on Calcium Carbonate prices. The Federal Reserve's implementation of tight monetary policies aimed at curbing inflation contributed to a gradual easing of inflationary pressures in the US market, albeit at a slower pace. Furthermore, the weakening US Dollar posed additional challenges to various chemical markets, including Calcium Carbonate. Supply of Calcium Carbonate remained ample to meet demand, and supply-chain constraints were alleviated, allowing for the restoration of logistics. Shipping costs from North Europe to the North American East Coast declined due to a slowdown in global chemical trade. Despite these developments, the US market continued to grapple with the persistent impact of inflation, tight monetary policies, and financial sector concerns. Core inflation consistently exceeded the targeted levels set by the US Federal Reserve, resulting in strained trade activities for Calcium Carbonate.

APAC:

Throughout the second quarter of 2023, Calcium Carbonate prices remained at the lower end in China's domestic market. The resumption of manufacturing activities in China during mid-Q1 led to sufficient Calcium Carbonate inventories for downstream construction and paper industries in early Q2. However, market inquiries from the Western region remained sluggish, keeping Calcium Carbonate prices in negative territory throughout Q2. Additionally, declining production amid tepid demand fundamentals caused the manufacturing Purchasing Manager index to remain in the contraction zone (below 50 points) during Q2, as reported by the National Bureau of Statistics. The slowdown in procurement from downstream construction industries, combined with rainy weather conditions in East China, posed challenges to the swift release of existing inventories. Market players had anticipated improved market fundamentals and profit gains following the easing of COVID restrictions, but demand from downstream construction industries did not meet expectations. According to National Bureau of Statistics data, national investment in real estate development from January to May decreased by 7.2% year-on-year, further contributing to bearish market sentiments for Calcium Carbonate.

Get Real Time Prices of Calcium Carbonate:?https://www.chemanalyst.com/Pricing-data/calcium-carbonate-1158

Europe:

In Belgium, Calcium Carbonate prices displayed mixed market sentiments during the second quarter of 2023. Prices initially rose in early Q2 due to relatively high manufacturing costs across the European market. Inquiries from the downstream construction sector were moderate, though still higher than late Q1 levels, which contributed to the price uptick observed in April. However, as Q2 progressed, inquiries from the downstream construction sector started to decline, and with the reduction in TTF natural gas costs, manufacturing costs also decreased. Finished goods stocks were sufficient to meet downstream industry demand. Amid an economic slowdown in the region, manufacturing firms faced pressure to maintain market balance with lower operating rates. Furthermore, freight charges remained low amid a slowdown in major regional markets, and container availability was favorable, with no significant bottlenecks in the movement of finished goods. According to Statistics Belgium, inflation decreased from 5.20% to 4.15% in June but remained above the European Central Bank's target of 2%, resulting in Calcium Carbonate Industrial Grade FOB Antwerp prices settling at USD 371 per ton in June.

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