Chemanalyst05 Oct, 2023Business
The Q2 calcium powder prices in the United States had a mixed pattern. In May, prices for all grades decreased by 1.18% and 1.13% for Calcium Citrate and Calcium Carbonate, respectively. This was due to a decrease in end-user demand and sufficient stock among market vendors. Additionally, destocking affected market sentiment negatively. However, in June, prices increased by 0.90% and 2.86% from May, driven by fewer inventories and strong demand from end-user industries. The consumer price index (CPI) showed a slight increase of 0.2% in June, indicating a slowdown in inflation compared to May. This can be attributed to interest rate hikes by the US Federal Reserve. Despite the drop in inflation, prices remain high, suggesting the possibility of further rate hikes in the third quarter. The US manufacturing PMI fell to 46.3 in June, indicating limited inventories at suppliers and slow delivery, which contributed to the upward trend in calcium powder prices.
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