Recently, we interviewed Mr. Neil of Toption Chemical, a Calcium Chloride insider who has been in the business for 16 years, to analyze the present calcium chloride market .
Calcium Chloride Anhydrous
After a long period of stability, the price of Calcium Chloride Anhydrous has rocketed recently. Calcium Chloride 94%,95% powder,prill and pellet prices have risen dramatically.The main reasons are as follows:
1) Strong Market Demand
It is well known that Calcium Chloride Anhydrous is mainly used in oil drilling.Due to the epidemic, foreign oil Wells did not produce in 2020. Oil and gas production businesses in most countries have been starting to recover after 2021.
2)China,as the main production area of Calcium Chloride, some Calcium Chloride enterprises in China have stopped production in a short period of time due to environmental protection problems.It leads the short of supply of Calcium Chloride.
3) Exchange rate issues.
The RMB has fallen below 6.40 to the USD, pushing up the cost of exports.
4) Continuous rise in shipping costs.
Calcium chloride Dihydrate
Calcium Chloride Dihydrate price is on the rise in the short term. At present, the annual purchase order from South Korea has been placed to China, and the large order from the Middle East will be confirmed soon. Besides,the impact of exchange rate and sea freight, also lead the rising probability of Calcium Chloride Dihydrate in June, no matter 74% 77% Calcium Chloride flakes or Calcium Chloride pellet.
In addition to the price factor, Delivery Time must also be considered. Because of the shortage of containers, the freight rate has risen too much, so we need to make a purchasing plan one month in advance than usual if there is a fixed demand for overseas buyers, can consider early to confirm the order in June 2021.
Post time: May-25-2021