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July 23rd, 2024

Quicklime Prices Trend | Pricing | Database | Index | News | Chart

North America

Throughout the first quarter of 2024, the Quicklime market experienced a bullish trend as the downstream construction sector rebounded, leading to increased demand for construction materials. This growth, combined with supply disruptions caused by extreme weather conditions and interruptions in shipping routes like the Panama Canal and the Red Sea, resulted in higher freight costs and pushed prices upward.

The market remained bullish in February 2024, driven by strong orders from the downstream steel sector and rising production costs. The global steel industry saw an uptick in new orders, particularly in Asia, leading to a surge in exports, employment, and purchasing activity. Overall, the Quicklime market in this quarter correlated closely with the construction and steel industries, with increased demand driving higher prices.

Comparing the year-over-year price change from the same quarter last year and the change from the last quarter of 2023, the market saw a significant price increase in Q1 2024. Conclusively, the final price for Quicklime (CaO) CFR Texas in the USA in Q1 2024 was USD 218/MT.

Get Real Time Prices for Quicklime : https://www.chemanalyst.com/Pricing-data/quicklime-1505

APAC

In Q1 2024, the Quicklime market in the APAC region witnessed mixed pricing dynamics. While the overall market situation remained stable, China experienced pronounced price fluctuations. The pricing trend in China was primarily driven by strong orders from the downstream steel sector and increased production costs. However, market sentiment was cautious due to sluggish transactions and the impact of rainy and snowy weather on downstream construction activities.

In terms of supply, the Quicklime market had moderate availability, with most mainstream factories raising their prices or reducing discount rates due to increased raw material costs. On the demand side, the market experienced low activity, with sluggish transactions and inventory levels reflecting increased inventory maintenance. Market sentiment was cautious, with limited new orders from merchants and a decline in construction activity. Overall, the Quicklime market in APAC saw a bullish trend, with the price of Quicklime increasing by 5.4% compared to the previous quarter. This increase was primarily driven by firm orders from the downstream steel sector and rising production costs. In conclusion, the final price for Quicklime (CaO) FOB Qingdao in China for Q1 2024 was USD 195/MT.

Europe

The pricing dynamics of Quicklime in the European region during Q1 2024 were influenced by various factors beyond the conventional top influences. The overall market trend was bearish, with prices declining throughout the quarter. The market situation in the Netherlands, where price fluctuations were most pronounced, played a significant role in shaping pricing dynamics. The construction sector in the Netherlands faced challenges, including a lack of new projects and a decline in demand for building materials, leading to decreased purchasing activity and job losses in the sector.

Additionally, disruptions in ocean routes and delays in raw material deliveries affected the supply of Quicklime in the European market. These factors contributed to a moderate supply of Quicklime but also led to increased costs for manufacturers. Seasonally, the first quarter typically sees a slowdown in construction activity, which further impacts pricing dynamics. The correlation between pricing and market conditions remained evident, with a bearish market leading to lower prices. Comparing the pricing dynamics to the same quarter last year, there was a decline in prices, reflecting the challenging market conditions. Similarly, compared to the last quarter of 2023, prices decreased, highlighting the continued downward trend. In conclusion, the final price for Quicklime FD Rotterdam in the Netherlands for the quarter was USD 160/MT.

Get Real Time Prices for Quicklime : https://www.chemanalyst.com/Pricing-data/quicklime-1505

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