Texas (USA): In the United States, calcium chloride market prices have shown an upward trend this month, mainly due to ample inventory levels in the US market, prompting sellers to offer inventory at lower market prices. Additionally, PMI values consistently above 50 indicate manufacturing growth. As demand from the construction industry has increased, requests from acetate fiber manufacturers have also increased. Additionally, as the European heating season ends, production costs remain low, resulting in lower demand for natural gas on the continent. The US construction industry is showing year-over-year growth. Texas led the way in job growth, while New York reported a decline in construction jobs. Alaska saw the largest year-over-year increase in construction, while North Dakota saw the largest decline.
In addition, calcium chloride prices are expected to increase due to increased demand from process industries such as construction. In addition, natural gas prices are expected to continue to rise as the global economy recovers, which will increase the cost of calcium chloride production.
At present, domestic calcium chloride plants are operating in good condition and can meet domestic and foreign processing needs. This results in large quantities of calcium chloride stock being available in the market, thereby restraining the growth of the calcium chloride market. However, the price of calcium carbonate, the raw material for calcium chloride production, has shown a downward trend this month, pushing down production costs, according to the ChemAnalyst database. The market for calcium carbonate, the raw material for the production of calcium chloride, fell first and then rose, but the overall figure remained negative compared to last month; Refining demand is high and the market is strong, with a focus on maintaining necessary procurement, leading to an increase in the market for calcium carbonate, the raw material for calcium chloride, which in turn increases production costs.
Calcium chloride prices have risen significantly this month due to increased demand from the construction industry, leading to an increase in inquiries. Nonfarm payrolls increased in most states and the District of Columbia in February, with only seven states reporting declines, according to the National Association of Home Builders. The U.S. Bureau of Labor Statistics reported that employment rose nationwide in February after rising in January. Texas leads the nation in job creation, followed by Illinois and Michigan. Instead, seven states saw job losses, with Florida seeing the most significant decline. Iowa had the highest job growth, while North Dakota had the largest employment decline between January and February.
Calcium Chloride Market Analysis: Industry Market Size, Production Capacity, Production Volume, Operational Efficiency, Supply and Demand, Grade, End User Industry, Sales Channels, Regional Demand, Foreign Trade, Company Share, Production Process, 2015-2032.