Calcite Prices (Q1 2022)
Domestic calcite prices in China grew from 331.27 USD/MT in mid-January to 332.02 USD/MT in the month's final week.
Omya International, a significant producer of calcite in Switzerland, declared a rise in the chemical's price due to increased input expenses such as raw materials, energy, packaging, shipping, and chemicals. Inflation in several nations and supply chain volatility both contributed significantly to the increase in the prices.
Calcite Prices (Q4 2021)
In general, the Asia Pacific market remained stable throughout Q4 2021, thanks to appropriate cost support from the demand forecast and supply constraints in China. Dual-energy management, along with China's power limitation, compelled suppliers to cut factory run rates. However, the situation improved somewhat in the second half, despite the fact that COVID's revival boosted demand in Asia's home market. As a result of the ripple effect, the FOB Qingdao negotiations for calcium carbonate USP grade were valued at 9677 USD/MT in the December quarter.
In the fourth quarter of 2021, despite the supply-demand mismatch, the market sentiments in Europe remained buoyant. Operating loads remained stagnant in the face of Europe's protracted energy crisis which resulted in curtailed supply in the domestic market. Additionally, domestic firms were cautious to enquire from the international market due to the higher freight rates and restricted supply of freight boats. The return of COVID bolstered the domestic market in Europe.
The market activity was muted in the North American area during the fourth quarter of 2021. Although offers declined marginally in the second part of the quarter due to improved operating loads at industrial facilities following Hurricane Ida's effect. Demand growth was flat in the fourth quarter, and the area saw a little excess. As a result of the ripple effect, FOB US Gulf calcium carbonate USP grade bids were valued at 9295 USD/MT during the December quarter.
Calcite Prices (Q1-Q3 2021)
Asian market sentiments were mixed due to fluctuating demand and supply fundamentals that differed by nation. Whereas China experienced strong demand while maintaining an adequate supply to meet the need, high demand supported prices, which increased modestly by 1.7% in Q1 2021. On the other hand, India's strong demand from the cement and pharmaceutical industries resulted in a 14.87% and 14.98% increase in the price of construction and pharma grade calcium carbonate during this period.
Consumption from the building sector remained down as a result of the second wave of the epidemic, lowering total demand for the compound. In June, prices recovered on the back of renewed economic confidence, as new cases began to decline successfully. As a result, in India, prices recovered sharply in June. In Asia, the third quarter of 2021 saw an exponential increase in its prices. Calcium carbonate industrial grade price ex-Mumbai was estimated at 208.89 USD/MT in September and finished at 165.05 USD /MT for Industrial grade.
Throughout Q1 2021, demand remained steady across Europe, driven by downstream sectors such as construction and medicine. Due to the fact that local supply was insufficient to meet this demand, prices in several European nations trended upward. FOB prices in Germany increased by 3.44% in Q1 2021 to 150 USD/MT as growing freight and energy costs continued to impact prices. As a result, the European region saw a little increase in the price of the compound. Prices in the European market increased gradually in Q3 2021, affected by Asian market dynamics. Additionally, rising freight costs and a scarcity of available containers impacted pricing.
In mid-February, a devastating winter storm that swept throughout North America interrupted practically all manufacturing operations. Demand for calcite from the downstream cement sector decreased, while demand from the pharmaceutical sector increased, supporting its pricing. Prices increased from 485 USD/MT in January 2021 to 495 USD/MT in February 2021.
The rebound in the North American construction industry boosted demand in second quarter. Prices climbed significantly in the United States of America, rising from 509 USD /MT to 520 USD /MT between mid-April and May. Later that month, prices began to fall, owing to abundant supply availability in the face of stagnant demand in the United States.
The market in North America remained subdued in Q3 of 2021, owing to the product's restricted availability in the face of strong demand from downstream industries. The supply became constrained in North America as a result of the Ida storm, which created an abrupt supply chain imbalance in the region. In September, USP grade calcium carbonate FOB Gulf Coast prices were 9300 USD/MT.
Calcite Prices Overview 2020
Calcite consumption in Asia increased significantly in Q4 2020, as various countries such as China and India prioritized pharmaceutical and infrastructure development in response to 2020 Coronavirus worries. With the resurgence of infrastructure activity in India over the November festival season, demand for paints, coatings, and adhesives experienced a much-needed comeback. Thus, the price stabilized at 320 USD/MT in Q4 2020. With the revival of industrial and civic activity, demand from the paper sector also increased, contributing to the price increase of calcite throughout Southeast Asia.
Market sentiments in Europe had been buoyed by consistent growth in demand from the pharmaceutical, paper, and plastic industries. The increased emphasis on the green economy in Q4 as a result of several government programmes necessitated infrastructure investment in Europe, which drove the regional market even higher. Price in Europe remained stable for Q4 2020 due to strong demand from downstream sectors. Increased demand from the steel and glass production industries also contributed to the price increase.
Calcite prices increased in the December quarter as a result of the increase in the price of calcium feedstock. Thus, the primary factor driving the increase in prices in the fourth quarter of 2020 was a raw material supply constraint. Due to the increased focus on the healthcare sector, demand increased significantly in the pharmaceutical industry, further bolstering the market fundamentals.
For Mexico the entire commercial exchange (which includes both foreign imports and sales) was US$5.53 million in 2020. The states with the highest overseas sales of calcite were Mexico (US$2.62 million), Nuevo León (US$234 thousand), San Luis Potos (US$50.3 thousand), Mexico City (US$17.4 thousand), and Tamaulipas (US$7.08 thousand).
Procurement Resource provides latest prices of Calcite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Calcite for several regions around the globe, which are as follows:
Calcite is a mineral that forms rocks. It's quite prevalent and can be found in sedimentary, metamorphic, and igneous rocks all around the world. Calcite is the most common mineral found in limestone and marble. These rocks are very prevalent and account for a large amount of the Earth's crust. They are one of the world's largest carbon repositories.
In the process using quick lime, calcium hydroxide is formed when water is added to calcium oxide, and carbon dioxide is passed through the solution to produce the desired calcite.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).