Calcium Carbonate Prices, Pricing, Demand & Supply
North America
The North American Calcium Carbonate market in Q4 2023 has witnessed moderate supply and a stable market situation. The market has remained unaffected by any significant changes throughout the quarter. However, the increase in energy prices and destocking activity in the market might impact the prices in the future.
US retail sales increased in September due to consumer spending in restaurants and bars amid a tight labour market, which might further impact the Calcium Carbonate prices. Moreover, the US Department of Health and Services is about to revise the dietary guidelines, which could impact the prices used in the dietary and supplement industry.
The correlation price percentage of Calcium Carbonate in the US has remained stable with no change from the previous quarter and a -3% change from the same quarter last year. The price percentage comparison of the first and second half of the quarter in the US was -1%. The latest Calcium Carbonate Prices Food Grade FOB US Gulf in the US for Q4 2023 is USD 727/MT.
APAC
The current quarter of 2023 (Q4) for Calcium Carbonate in the APAC region has been characterized by various factors that have affected the market and prices. Firstly, there has been a maintenance shutdown in several production plants due to the festive season, leading to supply shortages. Additionally, the worldwide net sales of Minerals Technologies Inc., a major Calcium Carbonate supplier, have been USD 130 million, up approximately 1% compared to the previous year, indicating high supply. In China, which has experienced the most significant price changes, Calcium Carbonate prices have declined by 1.4% from the previous quarter. This can be attributed to moderate supply levels and the potential escalation of the West-Asia conflict, which could cause a price hike in crude oil. Furthermore, freight rates may increase, supporting shipment costs. Compared to the same quarter in the previous year, Calcium Carbonate prices in China have decreased by 6%. This decline can be attributed to market dynamics and other factors mentioned earlier. In terms of a quarter-on-quarter comparison, there has been a 2% decrease in prices from the previous quarter. This could be influenced by factors such as the winter storm affecting downstream construction demand and potential freight rate increases. The latest price of Calcium Carbonate (GCC) Industrial Grade FOB Shanghai in China for the current quarter is USD 130/MT.
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Europe
The fourth quarter of 2023 has been characterized by various factors that have influenced the pricing of Calcium Carbonate in the European market. Firstly, there has been a decrease in demand from the downstream construction industry due to a strong winter storm, leading to a decrease in prices. Secondly, the supply of Calcium Carbonate has remained moderate throughout the quarter, with ample inventory being accommodated considering the future winter demand in the construction industry. Additionally, OPEC's crude oil supply cut has been a major energy concern for European industry sectors, which has further impacted the pricing trend. In terms of Belgium, there has been a bullish market situation with moderate supply. The escalation of the West-Asia conflict and the potential price hike of crude oil have been key factors affecting the pricing trend in the country. However, there have been no reported plant shutdowns in the European region during this quarter. Analysing the price percentage changes, there has been a -14% decrease in prices compared to the same quarter of the previous year. Furthermore, there has been a -2% decrease in prices from the current quarter to the previous quarter of 2023. The pricing of Calcium Carbonate in Europe during the fourth quarter of 2023 has been influenced by factors such as decreased demand from the construction industry, moderate supply, OPEC's crude oil supply cut, and the escalation of the West-Asia conflict. Belgium experienced a bullish market situation, and no plant shutdowns were reported. The quarter-ending price of Calcium Carbonate Industrial Grade FOB Antwerp in Belgium was USD 340/MT.
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