Calcium Powder Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
For the Quarter Ending September 2023
In July, Calcium Powder prices experienced a significant decline, leading to a subsequent resurgence in both August and September. The downturn in new orders and sales inquiries during July was attributed to subdued domestic and international demand. The Federal Reserve's decision to raise key policy interest rates by 25 basis points in July, the highest level in 22 years, had a dampening effect on overall economic demand and contributed to the declining trend. However, prices rebounded in August and September, driven by an increase in energy prices that elevated total company expenditures and transportation costs, subsequently impacting Calcium Powder pricing. The surge in gasoline prices, prompted by aggressive supply cuts from Russia and Saudi Arabia, pushed crude oil to a 10-month high of $91 per barrel. Additionally, a decrease in exports from key exporting countries like China reduced the supply of Calcium Powder in the US market, leading to a price increase. Market participants prioritized inventory replenishment, resulting in a significant uptick in Calcium Powder prices.
Asia Pacific
The pricing of Calcium Powder saw a notable decline in July, followed by subsequent increases in both August and September. The July decrease was attributed to stalled industrial activity and diminished demand from downstream industries. The official manufacturing PMI (Purchasing Managers Index) for July, indicating a factory activity decline in China for the fourth consecutive month, was at 49.3 due to lower foreign orders and insufficient local demand. Prices rebounded in August and September as a result of heightened end-consumer demand and limited market supply due to the continued decline in the industrial sector for the fifth consecutive month. Economic concerns led China's central bank to lower its main interest rate, encouraging market consumption and contributing to increased Calcium Powder prices in China. In September, China's manufacturing PMI showed signs of industrial activity restarting, hinting at a positive economic resurgence in the country.
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EuropeThe pricing of Calcium Powder exhibited a noticeable downward trend in July, followed by subsequent increases in both August and September. The July decline was attributed to a slowdown in commercial operations and decreased demand from the downstream industry. Various factors, including consumer reluctance, destocking, rising interest rates, tighter market conditions, and economic and geopolitical uncertainty, contributed to a sharp reduction in goods demand. Prices increased in August and September due to persistent inflation, rising interest rates, and an oil crisis. Germany's consumer price index (CPI) recorded a +6.1% year-on-year change in August, with food and energy prices outpacing average inflation. Rising inflation led to increased expenses and operating costs for businesses, contributing to higher Calcium Powder prices in Germany. Furthermore, the Golden Week vacation in October led to a significant increase in transportation costs around the end of September, impacting the global supply chain and resulting in a price hike for Calcium Powder in the German market.
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