Q1 2024 – In the APAC region during the first quarter of 2024 the calcium carbonate market has been influenced by several factors. Supply shortages due to planned maintenance shutdowns in multiple production plants, particularly in China, have contributed to price fluctuations. While prices in China have decreased from the previous quarter due to moderate supply levels, the potential escalation of the West-Asia conflict and possible increases in freight rates could drive prices upward. Compared to the same quarter last year, calcium carbonate prices in China have declined, likely influenced by market dynamics, winter storm impacts on construction demand and freight rate fluctuations. The current price of GCC Industrial Grade FOB Shanghai in China is approximately USD 83 /MT.
Q2 2024 – The calcium carbonate market maintained a relatively stable trajectory throughout the second quarter of 2024, with prices settling at approximately USD 110 per ton. Following a slight price increase at the beginning of the quarter, prices stabilized due to increased supply, moderating demand, and inventory adjustments. While regional variations existed, the overall trend was consistent. The outlook for the year’s second half is uncertain, with potential downward pressure on prices if demand weakens or supply continues to outpace growth. Key end-user industries, such as construction, plastics, and paper, continued to drive demand for calcium carbonate, although fluctuations in these sectors could impact future pricing trends.
Q3 2024 – The stable trajectory is maintained throughout Q3 2024, mirroring the pricing trends observed in the previous quarter. Prices remained relatively consistent, reflecting a balanced supply-demand dynamic. Key players in the Chinese market, including Omya, Imerys, and CCIC, continued to dominate the landscape, leveraging their established distribution networks and production capabilities. Steady demand from various end-use industries, such as construction, plastics, and paper, contributed to the market’s stability. Overall, the Chinese calcium carbonate market exhibited a positive outlook in Q3 2024, characterized by consistent pricing and a strong presence of leading industry players.
Q4 2024 – In Q4 2024 Chinese calcium carbonate market is cautiously optimistic. Continued stability in construction activities and a balanced supply-demand scenario are expected to support stable pricing. However, potential factors such as changes in government policies, fluctuations in energy costs, and global economic developments could introduce some uncertainty.