Global Calcium Chloride Market Witnesses Price Hike

The calcium chloride market across the globe experienced a cost surge in April 2023 due to enhanced demand from the downstream construction industry. This increase might be linked to the seasonal demand throughout the summer, which gave the building sector a lift. Consequently, there was a bullish trend in the calcium chloride market globally. Let’s explore the growth in detail:

Country-wise Increase

1. United States: Demand Surpasses Expectations

Calcium chloride (74-77% Tech Grade) DEL Texas (USA) price increased by around 1.5%, while calcium chloride (92-96% Tech Grade) DEL Texas (USA) price increased by about 2%. After a sluggish start in the first quarter due to a labour constraint, the construction industry showed signs of progress. This increased consumer demand for calcium chloride. Further bolstering the increasing calcium chloride price trend was the roughly 1% increase in feedstock calcium carbonate pricing.

2. European Market: International Demand Boosts Prices

Calcium chloride prices in the European market increased in April 2023 because of rising global demand. Although demand from the construction industry’s downstream segment remained steady, supply fell because of forecasts of weaker product demand brought on by a high inflation rate. Calcium chloride (74-77% Tech Grade) FD Rotterdam (Netherlands) surged by approx. 1.5% and (92-96% Tech Grade) by approx. 2.25% in April 2023.

3. Asia Pacific: Price Hike Driven By International Markets

Calcium chloride prices have been rising in the Asia Pacific region, with (74-77% Tech Grade) prices rising by around 2% and (92-96% Tech Grade) price rising by about 1% in the Chinese market. Calcium chloride’s increased demand in international markets, along with a steady domestic supply, was the primary factor influencing this price trend. Notably, due to worldwide price fluctuations, India witnesses a price increase of roughly 10% for (74–77% Tech Grade) and roughly 7% for (92–96% Tech Grade). However, during April 2023, both supply and demand in India remained constant.

OFB’s Insight

The global calcium chloride market experienced a notable price surge in April 2023, propelled by increased demand from the downstream construction industry and international markets. With the construction industry expected to gain further momentum in the upcoming month due to summer seasonal demand, the calcium chloride price is anticipated to continue its upward trajectory. Industry players should closely monitor market dynamics to make informed decisions and capitalize on the prevailing market conditions.