Calcium Carbide Prices, Monitor, Analysis & Demand
North America In Q4FY23, Calcium Carbide prices in the North American market exhibited a varied trajectory. In October, the USA market witnessed elevated prices driven by robust demand from downstream construction industries. Construction spending in the United States rose by 0.4%, supported by strong activities, boosting Calcium Carbide prices. Despite a mid-October decline in oil prices, ongoing conflicts in the Middle East introduced volatility. The US markets rebounded after the Federal Reserve maintained stable interest rates, reflecting economic resilience. The unexpected rapid expansion of the US economy in Q3 strengthened market dynamics. November saw a decrease in Calcium Carbide demand due to weak support from low crude and natural gas prices. The downstream steel industry faced challenges, with U.S. Steel announcing the closure of its UPI operations, impacting national steel prices and availability. December witnessed a price increase influenced by strengthened cost sup...
