Calcium Propionate Prices, Monitor, Analysis & Demand

North America

In the fourth quarter of 2023, the North American market for Calcium Propionate, particularly in the USA, exhibited a varied performance. A key factor impacting the USA's Calcium Propionate market during this period was the surge in production costs. The rising expenses of essential input materials, such as energy and raw materials, exerted upward pressure on prices. Furthermore, disruptions in the supply chain, including port congestion and shortages of containers, impeded the seamless transportation of Calcium Propionate. This resulted in increased transportation costs and prolonged delivery lead times.

The announcement by the US Federal Reserve indicating a potential 5.5% interest rate added to the shaping of market sentiments. The proposed interest rate hike could signal reduced demand from downstream industries, potentially serving as a measure to counteract inflation. Restrictions on Panama Canal transit have begun affecting containerships for the first time, with a growing number of vessels experiencing delays expected to worsen over the next two months. The implemented limits on vessel transits since November 1 will reduce the daily transit limit from 32 to 18 for all types of vessels by February next year.

Despite being the major importer, the US market mirrored the trends of the major exporting region, maintaining a positive outlook. However, the latter part of Q4 witnessed a weak market that consolidated due to sufficient existing inventories. With decreased demand, market players were prompted to destock inventories at much lower rates, contributing to the market's feeble condition. The latest price of Calcium Propionate CFR New York in the USA for the current quarter is USD 998/MT, with an average quarterly increase of 1.48%.

Asia Pacific

In Q4 2023, the Calcium Propionate Prices in the APAC region experienced a varied quarter, influenced by several factors. At the beginning of Q4, prices surged due to increased demand from end-users. Additionally, reduced production capacity among calcium propionate manufacturers resulted in tight supplies and limited inventory. The sudden surge in demand, driven by concerns about shortages, elevated Calcium Propionate production costs, leading manufacturers to adjust pricing strategies to sustain profits. Furthermore, strategic bulk purchases by market players aiming to replenish stocks contributed to the price increase. The heightened demand prompted many buyers to expedite their Calcium Propionate purchases, intensifying overall demand pressures during the holiday season. Meanwhile, rising prices of the raw material propionic acid, coupled with continued export success for enterprises and the resumption of factory operations post-holiday, contributed to a continuous increase in acquisition prices. The quarter concluded with the latest price of Calcium Propionate in China at USD 870/MT FOB Shanghai, reflecting an average quarterly incline of 2.08%. However, as Q4 concluded, prices decreased due to sufficient existing stock in the market, resulting in weak market sentiments and subdued prices. A noticeable reduction in orders, both from regional and overseas markets, emerged as the primary driver behind this downturn. This led to an excess of Calcium Propionate, prompting producers to implement drastic measures to clear inventory and navigate challenging market conditions. The immediate impact of this oversupply was a downward trend in prices. Adding complexity to the situation, a simultaneous drop in raw material prices, particularly Propionic acid, during the same timeframe further complicated the pricing dynamics for Calcium Propionate.

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Europe

In the final quarter of 2023, the European Calcium Propionate market saw several noteworthy developments that impacted pricing. Primarily, the demand for Calcium Propionate experienced a steady rise due to seasonal consumption patterns and an optimistic outlook for offtake from the downstream sector. Market participants placed substantial bulk orders to replenish their inventories with fresh supplies. Additionally, the market was affected by disruptions in the global supply chain, leading to increased production costs and subsequently higher prices. Furthermore, Germany, as a key importer, closely mirrored the trends of the primary exporting regions, maintaining a positive market outlook. Regarding price dynamics, there was a notable average quarterly increase of 1.81%. However, the latter part of Q4 witnessed a weakened market, consolidating due to sufficient existing inventories. With a decrease in demand, market players were compelled to destock inventories at reduced rates, contributing to the market's subdued condition. In summary, the Calcium Propionate CFR Hamburg price in Germany for the fourth quarter of 2023 stood at USD 986 per metric ton.

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