Construction Sector's Resurgence Ignites Calcium Chloride Market in April 2023: Price Surge Predicted

In April 2023, the global market for Calcium Chloride experienced a price surge driven by increased demand from the downstream construction industry and international markets. The construction sector witnessed a boost during this period, primarily due to the seasonal demand associated with summer. Consequently, the Calcium Chloride market witnessed a bullish trend worldwide.

In the United States, the price of Calcium Chloride (74-77% Tech Grade) DEL Texas (USA) rose by approximately 1.5%, while the price of Calcium Chloride (92-96% Tech Grade) DEL Texas (USA) increased by around 2% during the month. The demand from the downstream construction industry surpassed the previous month's figures. In April 2023, the construction industry showed signs of improvement after a slow start in the first quarter, partially driven by labor shortages. This positive trend further fuelled the demand for Calcium Chloride. Additionally, the feedstock Calcium Carbonate prices increased by approximately 1% during this period, further supporting the price trend for Calcium Chloride.

In the European market, the price of Calcium Chloride experienced an uptick in April 2023 due to increased demand from the international market. However, demand from the downstream construction sector remained stable during this month, while supply experienced a decrease due to expectations of lower product demand resulting from a high inflation rate. As a result, the price of Calcium Chloride (74-77% Tech Grade) FD Rotterdam (Netherlands) increased by approximately 1.5% during April 2023.

In the Asia Pacific region, the price of Calcium Chloride witnessed an increasing trend, with the price of (74-77% Tech Grade) rising by around 2%, and the price of Calcium Chloride (92-96% Tech Grade) increased by approximately 1% in the Chinese market. The main driver behind this price trend was the heightened demand for the product in international markets coupled with a stable domestic supply. Furthermore, in India, the product's price increased by around 10% for (74-77% Tech Grade) and approximately 7% for (92-96% Tech Grade). International prices largely influenced the price of the product in India. However, the demand and supply within the country remained stable throughout the month.

According to ChemAnalyst, the price of Calcium Chloride may increase in the next month due to an increased demand for the product from the downstream construction industry, as the construction industry may gain more momentum during this period under the influence of summer seasonal demand.