Calcium Nitrate Price Trend and Forecast

Calcium Nitrate Regional Price Overview

Get the latest insights on price movement and trend analysis of Calcium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Calcium Nitrate Price Trend for the Q3 of 2024

Asia

In Asia, the calcium nitrate market experienced steady downward pressure in prices during Q3 2024. This trend was largely influenced by a reduction in input costs, particularly for feedstock calcium carbonate and electricity. As energy costs stabilized and supply chains normalized, Asian producers were able to maintain competitive pricing, keeping the market relatively balanced. However, domestic demand for Calcium Ammonium Nitrate (CAN), a key derivative of calcium nitrate used in fertilizers, remained stable, particularly in agricultural regions such as China and India.
 

Calcium Nitrate Price Chart

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Export activity from Asian countries to Europe and North America also played a role in maintaining the price equilibrium, though the focus remained on reducing production costs in response to softening global economic conditions. The favorable weather across key agricultural regions supported steady demand, though the price drop in calcium nitrate continued to reflect broader deflationary trends in raw materials.

Europe

In Europe, calcium nitrate prices experienced an upward trend during Q3 2024, mainly due to improved demand in the agricultural sector and tightening supply conditions. European farmers began stocking Calcium Ammonium Nitrate in preparation for the winter cropping season, particularly in Southern Europe, where favorable weather conditions boosted planting activities. Despite the overall upward movement, European production of calcium nitrate remained subdued due to high energy costs and carbon expenses, which kept profit margins low for domestic producers.

However, prices saw an uptick as demand from key markets like Spain increased, driven by sufficient moisture levels and ideal conditions for planting. Furthermore, the integration of production in countries like Norway, coupled with reduced imports of CAN, also added to the bullish momentum. The reliance on imports, especially from Northern European suppliers, further tightened supply, contributing to price increases, even as domestic production struggled to recover.

North America

In North America, calcium nitrate prices rose during Q3 2024, primarily driven by expensive supply imports from Norway. The rising cost of feedstock materials, along with higher operational expenses, put pressure on domestic producers, who faced limited profitability. As in Europe, demand for Calcium Ammonium Nitrate remained robust, particularly due to favorable weather conditions in the U.S. Midwest and Southern regions.

NOAA forecasts predicting increased rainfall during the planting season spurred fertilizer demand, leading to higher prices for calcium nitrate. Additionally, the geopolitical tensions affecting the global fertilizer trade, especially with Russia, prompted North American buyers to seek alternative sources, increasing their reliance on European imports. This contributed to the tightening of supply and further drove up prices. The cost of inputs, including feedstock was projected to rise modestly, indicating that higher prices for calcium nitrate would persist into the following months.

Analyst Insight

According to Procurement Resource, the price trend of Calcium Nitrate is expected to move northwards at a faster pace in the upcoming quarters as the general outlook for the key derivatives of the market looks promising.
 

Calcium Nitrate Price Trend for the Q2 of 2024

Asia

In Asia, particularly in China, calcium nitrate prices have remained relatively on the lower end of the spectrum compared to other regions. The reduction in the prices of calcium nitrate was a consequence of bleak industrial activities in the region post-spring holidays. This initially elevated the stockpiles of the commodity and asserted additional pressure on the market. However, the lower production costs in China provided a significant advantage in the latter half of the quarter, making Chinese calcium nitrate a preferred choice for several import-dependent nations.

This dependency of the international markets on Asian produce even overpowered the ill consequences of surging freight charges and transportation delays. However, its impact on the pricing pattern of the commodity was not reflected well but has raised the expectations of the market players for the quarter ahead.

Europe

In Europe, calcium nitrate producers faced significant challenges, particularly related to high feedstock costs and elevated energy prices. The momentum of the market was further altered by the changes in Asian-European trader routes. These factors contributed to the high-cost burden in the European supply chain, making it difficult for producers to compete with lower-cost regions such as China. Additionally, the region's stringent carbon emission regulations have added to the financial strain on producers. This challenging environment has led to a focus on finding financially viable and sustainable sources of calcium nitrate.

North America

North America has traditionally relied on imports of calcium nitrate, notably from non-Asian sources. However, geopolitical tensions and the rise of protectionist measures challenged the market dynamics during the second quarter of 2024. The dominance of European players in the North American market was challenged by the increasing tensions at the Red Sea trade route, substantial surge in freight charges, and significant extension of lead times. These market dynamics, therefore, resulted in the oscillating trend of calcium nitrate prices throughout the quarter. On the other hand, the procurement rates of the end-user industries remained the same, raising the optimism of the traders for the months ahead.

Analyst Insight

According to Procurement Resource, the price of Calcium Nitrate is estimated to be driven by the changing dynamics of global trading patterns and slow and gradual improvement of the procurement rates from the downstream industries.
 

Calcium Nitrate Price Trend for the Q1 of 2024

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The first half of the year 2023 witnessed fluctuating price patterns for Calcium Nitrate. The prices were mostly found to be wavering at the lower end. The first quarter was somewhat stable, but the second quarter was observed struggling throughout.

The primary reason for the downfall in Calcium Nitrate prices was the lackluster demands from the agricultural sector since Calcium Nitrate is used heavily for nitrogen-based fertilizers. The adverse weather conditions involving unseasonal and uneven rainfall patterns disturbed the crop cycles severely.

With anticipated losses, many farmers didn’t sow the fields, and the farming sector saw a downfall globally. With this, the need for fertilizers was reduced. Furthermore, whatever requirements the farming sector posed could easily be catered to by existing inventories. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, with existing high inventories, a rapid improvement is not anticipated in the Calcium Nitrate market trend.

Procurement Resource provides latest prices of Calcium Nitrate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.