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Dolomite Price Trends and Forecast
Get the latest insights on price movement and trend analysis of Dolomite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dolomite Price Trend for Second Half of 2023
The price of dolomite, a mineral composed of calcium magnesium carbonate, is driven by its primary use in the construction industry, where it serves as a source of magnesium and calcium for cement and concrete production. Dolomite's unique properties also make it valuable in steelmaking as a fluxing agent. Additionally, it finds applications in agriculture as a soil conditioner to neutralize acidic soils. The growing construction and steel industries worldwide are attributed as the major shareholders in driving the demand for dolomite in industrial sectors.
Throughout the third and fourth quarters, the production of mining giants such as South Africa remained under the red line. The loss of production units was mainly attributed to the region's logistics and electricity crisis. In other parts of the world, such as India, the rise in impositions of environmental clearance mandatory for running mining activities resulted in unexpected delays in supply rates.
This slowing down of the market activities was well reflected in the price trend of dolomite. Across the world, the prices oscillated with limited supply and fluctuating demand from downstream construction activities. In European countries, particularly, the construction market eased out under the ill influence of challenging economic conditions.
According to Procurement Resource, the price trend of Dolomite is estimated to be negatively influenced by the limited mining activities and slowing down of the downstream industries.
Dolomite Price Trend for the First Half of 2023
In the first two quarters of 2023, the prices of dolomite, which serves as an ore of magnesium, fluctuated due to a vast number of factors. According to the South American mining industries, the persistent power outages and train disruptions were the major causes of the decline of the mining output to alarming levels. This weak position of the mining sector resulted in low confidence of investors in this sector and thus proved to be a challenge for the prices of dolomite.
In addition to this, the demand for alkali earth metals also declined around the globe. The manufacturing activities surged after the long loss due to the pandemic and economic uproar, which only caused the level of inventories to shoot up as the downstream industries failed to show the required support for the price trend of dolomite to incline. The trading of these minerals was also impacted by this disbalance in the supply-demand equilibria, hampering the growth of dolomite prices and overall market activities.
According to Procurement Resource, the price of Dolomite is expected to struggle due to the weak performance of the mining sector and the feeble condition of the global economy.
Procurement Resource provides latest prices of Dolomite. 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.
Dolomite, an anhydrous carbonate mineral, is made up of calcium magnesium carbonate. It is found as the primary component of the sedimentary rock. Dolomite is known for having double carbonates, that is, it has an alternating structural arrangement of calcium and magnesium ions. Dolomite can form crystals of white, gray or pink colour.
|Construction materials, Glass and ceramics, Source of magnesia, Sintering agent, Soil conditioner and as a feed additive, Metallurgical flux
|16389-88-, Dolostone, Dolomite Rock
|Omya AG, Lhoist Group, IMERYS Group, RHI Magnesita N.V., Sibelco
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
It can also be synthetically produced by grinding less impure mineral dolomite by mixing it with several chemical additives like silica, magnesium hydroxide, and others in order to react and integrate dolomite impurities. The resulting ground mixture is compacted to form briquettes, which is further sieved to eliminate fines by burning the briquettes at a temperature of 1,700 to 2,200° C. It is finally cooled and sieved thus, producing Dolomite (synthetic).
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).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103