Calcium Silicate Prices, Pricing, Demand & Supply
North America
The North American market for Calcium Silicate in the fourth quarter of 2023 witnessed several key factors that influenced prices and market conditions.
Firstly, the market experienced a slight decline in demand, with limited growth in the construction sector. This resulted in lower purchasing activity and reduced orders for the product. Secondly, the availability of Calcium Silicate in the market remained moderate, with a steady supply from traders. However, the limited demand and ample supply contributed to a downward pressure on prices.
Among the countries in the region, the United States had the most significant changes in prices. This decline can be attributed to the subdued demand and ample supply in the market. Additionally, the US market experienced a slight increase in demand towards the end of the quarter, leading to a small price uptick. Overall, the North American market for Calcium Silicate in the fourth quarter of 2023 was characterized by subdued demand, moderate supply, and a slight decline in prices.
APAC
The Calcium Silicate Prices in the APAC region faced challenges during the fourth quarter of 2023, with a subsequent rebound towards the end of the period. Initially, the market experienced a decline in prices attributed to weak demand and an oversupply of the product. The construction sector, a key consumer of Calcium Silicate, witnessed a slowdown, resulting in decreased new orders and reduced overall activity. This, coupled with a slowdown in infrastructure spending, further impacted the market, leading to price declines and an accumulation of stock. Despite marginal improvements in factory activities, the overall demand remained low. However, a positive shift occurred in China by the conclusion of the quarter, driven by firm market demand. China's efforts to rejuvenate its struggling real estate sector and support post-pandemic economic recovery contributed to increased demand for Calcium Silicate, especially in construction, as well as its applications as an anticaking agent in the food and drug industries. Anticipated gains are expected in the early months of 2024. In China, where the most significant price changes occurred, there was limited availability of Calcium Silicate, resulting in price increases. Nevertheless, the overall demand in the region remained subdued due to a housing market slowdown and reduced infrastructure spending. The quarter-ending price for Calcium Silicate in China was recorded at USD 890/MT FOB Qingdao.
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Europe
The fourth quarter of 2023 proved to be challenging for the Calcium Silicate market in Europe, with several factors impacting prices. Firstly, weak demand from the downstream construction industry played a significant role in the declining prices. This was due to a cautious approach among buyers, influenced by high-interest rates and uncertainty in the German market. Additionally, the presence of imported Calcium Silicate in the market further added to the supply, putting additional downward pressure on prices. In terms of specific country analysis, Germany experienced the most significant price changes during the quarter. Furthermore, when compared to the same quarter of the previous year, prices were down by 8%. In conclusion, the Calcium Silicate market in Europe faced downward pressure on prices during the fourth quarter of 2023. Weak demand, increased supply, and cautious buying behavior influenced the market dynamics. The price of Calcium Silicate in Germany decreased by 5.5% during the quarter, reflecting the challenging market conditions. The quarter-ending price of Calcium Silicate CFR Hamburg in Germany for the current quarter is USD 888/MT.
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