Metoclopramide Hydrochloride Price Trend and Forecast
North America
In the North American region, the
Metoclopramide
Hydrochloride Prices showcased an oscillating trajectory in the
domestic market during the third quarter of 2022, backed by stable demand side
from the downstream pharmaceutical industry and increasing feedstock prices.
Metoclopramide Hydrochloride started positively with a significant price hike
on the back of soaring benzoic acid prices in the US market. Later with the
commencement of the second month, the Metoclopramide Hydrochloride prices went
down owing to ample inventories and a stable supply chain to cater to the
downstream demand. Also, to cope with the rising inflation, the government
hiked up the interest rate to normalize the consumer's requests, propelling the
domestic merchants to lower their quotations. Towards the termination of Q3
2022, the value accessed was USD 129460/MT with an average quarterly
declination of 1.32%.
Asia
During the third quarter of 2022,
the price of Metoclopramide Hydrochloride API increased in the Asia-Pacific
area. The primary factor driving the increase in Metoclopramide Hydrochloride
API pricing in the domestic market during the quarter is the heightened market
sentiment for the feedstock benzoic acid. Due to steady demand and sufficient
supply already in place, the price trajectory exhibited a minor change in the
middle of this quarter, keeping prices on the lower end. Furthermore, rising
freight costs and the price of crude oil contributed to an increase in Benzoic Acid Prices.
Rising manufacturing and input costs due to rising energy and raw material
prices made the market sentiments for metoclopramide HCL robust with favorable
cost support. Towards the termination of Q3 2022, the prices were recorded at
USD 133660 /MT with an average quarterly inclination of 1.41%.
Europe
Throughout Q3 2022, the European
market had an improving market sentiment. In Europe, the third quarter of 2022
saw an upward tendency in the price trend for benzoic acid due to strong demand
from end-user industries and rising feedstock prices. Benzoic acid (Feedstock)
prices rose throughout the quarter, driving the price of Metoclopramide
Hydrochloride API to all-time highs. The price of metoclopramide hydrochloride
increased due to rising freight costs and increasing port congestion brought on
by geopolitical unrest (the conflict between Russia and Ukraine). Due to large
stocks and consistent market attitude, metoclopramide HCL prices later began to
decline towards the beginning of the third month. Towards the termination of Q3
2022, the prices were recorded at USD 150290 /MT with an average quarterly
inclination of 0.48%.
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