Commodity News
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June 03 11:32:01     SunSirs (John)
Price trend
This week (5.24-5.29), the price of industrial grade calcium formate remained stable after falling. According to the Commodity Market Analysis System of SunSirs, as of May 29th, the average price of industrial grade 98% calcium formate in China was 3,440.00 RMB/ton, a decrease of 100.00 RMB/ton compared to May 22nd (reference price of calcium formate was 3,540.00 RMB/ton).
Analysis review
Supply side:
From the monitoring chart of SunSirs data, it can be seen that the industrial grade 85% formic acid market experienced an overall decline in May. In the first half of the month, the price of raw material methanol in the market rose and cost support increased, but demand support was weak. Downstream buying was flat, and inquiries and purchases were mainly in demand. Manufacturers accumulated inventory to promote transactions, and the focus of negotiations in the formic acid market declined. In the second half of the month, the raw material methanol market surged and fell, and cost support weakened from strong to weak. The supply side had sufficient supply of goods, but the demand follow-up was limited, resulting in a bearish supply and demand side. Enterprises were actively selling at a profit margin, and the formic acid market had stabilized after a decline.
Market outlook
SunSirs&#; calcium formate analysts believe that the industrial grade calcium formate market was facing severe sales pressure, and the market situation was showing a trend of profit giving operation. Against the backdrop of weak cost support, it is expected that the calcium formate market will continue to experience weak consolidation in the short term, and more attention needs to be paid to market news guidance.
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Jun 24,
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The price of Calcium Formate in Korea for Q1 reached 2,530 USD/Ton in March.
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Calcium Formate Price Trend- Q4
Calcium formate, a chemical compound with numerous industrial applications, is witnessing a surge in demand globally. The market for calcium formate is being primarily driven by its versatile uses across various industries such as construction, agriculture, animal feed, and chemical manufacturing. In the construction sector, calcium formate is extensively utilized as an additive in cement and concrete formulations to accelerate the setting process, enhance strength, and reduce drying time. Additionally, its effectiveness as a corrosion inhibitor further amplifies its utility in construction materials. Moreover, in the agriculture sector, calcium formate serves as a key ingredient in silage preservation, aiding in the fermentation process and preventing decay, thus contributing to enhanced crop quality and livestock nutrition. Furthermore, the rising adoption of calcium formate in animal feed supplements, owing to its antimicrobial properties and ability to improve digestion and nutrient absorption in livestock, is bolstering market growth. With its diverse range of applications and beneficial properties, calcium formate is experiencing escalating demand, propelling the expansion of the market globally.
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The global calcium formate market size reached US$ 540.2 Million in . By , IMARC Group expects the market to reach US$ 786.9 Million, at a projected CAGR of 4% during &#;. Several factors have influenced the prices of calcium formate, creating fluctuations in the market. In Q1 , the US calcium formate market, with calcium carbonate as a feedstock, was influenced by various factors, shaping its pricing dynamics. Initially, the market witnessed a surge in prices during the first two months, driven by limited supply and robust demand, fostering a bullish market environment. However, the trend reversed in the last month of the quarter, with prices experiencing a decline. January saw a price increase due to global supply chain disruptions, notably in materials like calcium carbonate, intensifying market dynamics and potentially posing inventory challenges for manufacturers. Besides, the first quarter of has been characterized by decreasing prices for calcium formate in the Asia Pacific region. Several factors have contributed to this trend. In general, the market has been influenced by sluggish demand and oversupply, leading to a downward pressure on prices. Additionally, the impact of the Lunar New Year holiday in China has resulted in reduced trading activities and limited procurement, further dampening market conditions. Moreover, the Europe market encountered downward price pressure due to surplus supply and reduced demand, fostering a bearish environment. The economic slowdown significantly impacted prices, particularly in construction, a primary application for Calcium Carbonate, resulting in surplus supply and potential price declines. However, stabilizing energy costs, notably in natural gas utilized in Calcium Carbonate production, alleviated expenses and mitigated supply constraints.
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Regional Price Analysis:
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