Asia
Mixed price sentiments were observed in the Asian market for Calcite in the first half of 2023. Prices had a good start in Q1 2023 owing to limited supplies since the slow manufacturing activities in the Chinese markets amidst the recovery period from the Covid-19 lockdown and Lunar New Year holidays added to the supply curtailments.
But as the manufacturing ramped up in mid-Q1, prices started declining as the inventories rose, and demands were very limited to accommodate this product overflow. Thus, the prices mostly declined from mid-Q1 till the end of the second quarter.
Europe
The European Calcite market appeared affected by rising inflation. As the purchasing behaviors changed because of the cost-of-living crisis in Europe, there were very few offtakes from the downstream and the end user sections. The upstream costs were unsustainably high. Around Q2, the upstream costs normalized, but the demands were still limited. Overall muted market sentiments were observed for Calcite amidst dull trade activities.
North America
Like other global markets, Calcite prices in the North American market were also driven by dull downstream demands. Q1 began with high inventory levels, and the stocks couldn’t clear up by the end of Q2. The production scale was cut to prevent excess oversupply, but the market sentiments remained bearish.