Asia
The price trend for bone phosphate of lime or tricalcium phosphate fluctuated during the second half of 2022. The prices remained inclined during the first half of Q3, as seen in the previous quarter, given the complex geopolitical situation. However, the price trend stabilized towards the end of Q1 as the demand started falling gradually, causing the then-available stocks to balance the downstream demand.
However, the prices declined further in the fourth quarter, given the demand destruction. Even after the opening of trade channels, the demands did not gain momentum. Additionally, the industrial powerhouse China still struggled with the covid restrictions and power-rationing norms affecting the overall market for bone phosphate of lime or tricalcium phosphate.
Europe
The European markets faced the direct consequences of the Russia-Ukraine war, which triggered an acute energy crisis in the region. The consistently high prices led to demand destruction, and hence, as a result, the industries were forced to lower their market quotations. Further, the rising inflation contracted the purchasing capacities of the downstream consumers, impacting the pricing fundamentals. The decreased inquiries from the food and beverage industries further aided the downfall of tricalcium phosphate prices.
North America
The price trend for bone phosphate of lime followed a similar trend in the US domestic market as seen in the other global markets. The lowering inquiries amid over-stocked inventories and labor strikes impacted the overall market. Further, the hiking of interest by central banks and fears of looming recession reduced the buyer’s confidence in the market, affecting the prices negatively.
