News

North America Towards the closure of Q4, the Stainless Steel Round Bar prices showcased a declining trend in the US market owing to the higher inventory level and limited downstream demand outlook. In October, the downstream buyers remain observant of drawing down inventories across all products through the end of the year. With falling scrap prices, mills had tried to remain competitive with import offers as downstream demand from new projects had not warranted additional spot buys or bookings of more significant imports, along with rising financing costs. Participants in the US Stainless Steel market were optimistic about the new year, but spot prices remained lower than they were during the previous summer and fall seasons. This winter's activity has slowed significantly, but downstream work appears to be picking up for next year. Asia Pacific In the Chinese market, the Stainless-Steel Round Bar prices showcased a rising trend in the final quarter of 2022 owing to the lower

North America In the final quarter of 2022, the Steel Plate prices plunged in the US market owing to the limited inquiries from the downstream segment. In October, major manufacturers were curtailing production activity to fill the supply-demand gap. The Mississippi River's water level had dropped so low that barges had become stuck, resulting in costly dredging and traffic congestion. According to manufacturers, Steel Plate fell as the market remains concerned about logistics. As shippers cannot load as much weight on a barge at low water levels, barges became much more expensive, causing shipping delays. Towards the quarter's end, the inventory level dropped, and Steel Plate manufacturers started raising prices, anticipating a higher demand outlook before the Christmas holiday. Buyers had opted wait-and-watch outlook as the market slowed ahead of the holidays. Thus, Steel Plate (20 mm) prices for Ex Works Texas (USA) settled at USD 1605/MT. Asia Pacific In the Chinese market

North America In the North American region, the fourth quarter of 2022 saw altering market trends for Sulfamethoxazole Prices . Prices were expected to increase through the second month of the quarter starting with Q4 2022 because of the high cost of manufacturing, numerous logistical issues, and rising inflation. Rising transportation costs and congestion at the key ports also helped keep the market position strong. Due to easing inflation and lowering end-user sector demand, prices start to drop later in December. During the month of December, the settlement price of Sulfamethoxazole API came down to USD 19340/MT CFR Houston. Asia The fourth quarter of 2022 saw a range of sentiments on the Sulfamethoxazole API market. At the commencement of Q4 2022, the prices were recorded to increase till the second month of Q4 on the back of increasing demand from the end-user sector and several logistic issues. Also, the strict zero covid policies and repeated lockdowns in the Chinese provinc

North America The North American market for Omeprazole experienced fluctuating sentiment in the fourth quarter of 2022 due to varying demand from downstream pharmaceutical sectors. Omeprazole prices in the US market increased by 4.3% till November and were estimated at USD 158600/MT; however, prices marginally decreased to USD 155600/MT in December. There were supply chain interruptions from a major exporting country, primarily China, due to the Golden Week holiday in the early week of October and subsequent Covid limitations. Though, the orders from downstream pharmaceutical companies were high due to low stocks, which boosted trader confidence in the domestic market. By the conclusion of the quarter, improvement in import frequency from Chinese ports resulted in sufficient market supply, which caused the cost to be slightly lower. Additionally, the demand from the downstream pharmaceutical sector decelerated in December as buyers purchasing interest waned amid the year-end season

North America Luliconazole API had shifting market patterns in the North American region during the fourth quarter of 2022. Beginning with Q4 2022, prices were predicted to rise through the second month of the quarter due to a high cost of manufacturing, numerous logistical problems, and rising inflation. Additionally, the market position was maintained well by rising transportation costs and port congestion at the major ports. Prices begin to decline later in December because of softening inflation and declining end-user sector demand. During the month of December, the settlement price of Luliconazole API came down to USD 463500/MT CFR in New York. Asia In the fourth quarter of 2022, the Luliconazole Prices witnessed fluctuating trajectory in the Asia Pacific region. At the commencement of Q4 2022, the prices were recorded to increase till the second month of Q4 on the back of increasing demand from the end-user sector and several logistic issues. Also, the strict zero covid poli

North America North American region, primarily the United States market, the Carnitine Prices plummeted during the final Quarter of 2022. With the start of the fourth quarter er, the prices increased considerably. The prices witnessed an increment during the first half of the fourth quarter due to rising inflation, numerous logistic issues, and higher manufacturing cost in the export country. Additionally, prices began to drop progressively in the middle of the fourth quarter because fewer inquiries kept the stocks at their highest levels later in December. Also, with ease in inflation and other logistics, the prices decreased in the month of December. Asia Pacific The prices of Carnitine in the Asia Pacific region, majorly in China, demonstrated decelerating market situation throughout the fourth quarter of 2022. From October, the prices for Carnitine declined considerably. Following November, the official manufacturing purchasing managers index (PMI) fell to 48.0 in November, sl

North America North American region, primarily the United States market, the Carnitine Prices plummeted during the final Quarter of 2022. With the start of the fourth quarter er, the prices increased considerably. The prices witnessed an increment during the first half of the fourth quarter due to rising inflation, numerous logistic issues, and higher manufacturing cost in the export country. Additionally, prices began to drop progressively in the middle of the fourth quarter because fewer inquiries kept the stocks at their highest levels later in December. Also, with ease in inflation and other logistics, the prices decreased in the month of December. Asia Pacific The prices of Carnitine in the Asia Pacific region, majorly in China, demonstrated decelerating market situation throughout the fourth quarter of 2022. From October, the prices for Carnitine declined considerably. Following November, the official manufacturing purchasing managers index (PMI) fell to 48.0 in November, sl

North America In the fourth quarter of 2022, the North American market witnessed seesaw sentiments for Chloroquine Phosphate Prices due to fluctuating demand from downstream pharmaceutical industries. The prices of Chloroquine Phosphate in the US market surged in October and were assessed at USD 30800/MT but began to scale down from November. Supply chain disruptions from a major exporting country, mainly China, were noted due to the Golden week vacation in the first week of October and later Covid restrictions. However, demand from downstream pharmaceutical industries has been strong owing to limited inventories, encouraging the trader's sentiment in the domestic market. However, improvement in import frequencies from China led to adequate stock in the market. Also, The cost of shipping goods from Asia to the US went down as fears over port congestion diminished considerably. Moreover, a decrement was seen in the market dynamics due to weak demand and a dull purchasing sentimen

North America Throughout the last quarter of 2022, the North American region, particularly the United States market, showed declining Levofloxacin Hemihydrate Prices . At the start of the fourth quarter, prices stayed relatively steady because demand inclined positively compared to the previous month. The different reasons that have affected the market for practically all commodities, including Levofloxacin Hemihydrate, are still closely monitored by market participants as fluctuating prices feared them for their losses. Until November, the prices held on the upper end due to lessening domestic market's overall supplies and healthy demand. With this, the price of Levofloxacin Hemihydrate was significantly demonstrated at USD 67220/MT CFR Los Angeles. After mod q-4 the prices of Levofloxacin Hemihydrate dropped considerably with the closure of the local market on account of New-year breaks. Asia Pacific With the end of the Final Quarter of 2022, Levofloxacin Hemihydrate prices i

North America Prices for US Cold Rolled Coil dwindled in the fourth quarter of 2022 due to a lack of price direction and major logistics concerns. In the fourth quarter, the steel market awaited the outcome of contract negotiations between integrated steelmaker US Steel and USW, which expired on September 1st, 2022. However, the US government intervened to prevent a national freight rail strike by forcing union members to accept a deal and raise employee wages. Additionally, the Mississippi River's water level dropped in the final quarter, resulting in costly dredging, traffic congestion, and shipping delays. Furthermore, shippers were forced to limit the cargo volume their barges could transport to navigate the low water levels safely. High-priced raw materials had higher conversion costs in mid-Q4, with expensive pig iron inventories and higher-priced scrap inventories being the primary drivers of CRC mixed sentiment. As the holiday season approached in December, market partici

North America In the fourth quarter of 2022, Hot Rolled Coil prices in the US market showed a mixed trend due to weakening demand amidst a few positive signs in the market. As steelmakers approached or even met breakeven points, multiple market participants recognized that the Hot Rolled Coil market had reached a bottom in October. High-priced raw materials had higher conversion costs, mainly expensive pig iron inventories and higher-priced scrap inventories. With the Thanksgiving holiday in the United States in November, demand plummeted, and the rest of the year was expected to be slow. However, Hot Rolled Coil prices recovered in December. According to suppliers, HRC spot prices fell in mid-December as the market remained quiet due to the Christmas holiday. On the other hand, steel mills had maintained higher prices and were refusing to lower them. Domestic Hot Rolled Coil manufacturers in the US market appeared optimistic about the new year, but spot pricing remained lower than

North America Overall, Corn Starch prices in North America were higher than they had been the previous quarter. Stockpiles of domestic corn starch in the US remained low as Q4 2022 approached, and demand for the product increased as the temperature dropped. The market's total supply was constrained. The commodity's domestic market price increased further, supported by demand, rising to USD 615/MT, a gain of 5.1% from the month's beginning. By the end of the year, the price of raw materials, namely corn, had continued to decrease due to efficient stock replenishment in December during harvest season and cautious purchasing on the part of downstream trade organizations. As a result of the reduction of many drawbacks, the market price of corn starch kept declining. On December 30, the average price decreased to USD 608/MT, a decrease of 1.1% from December 1. Asia- Pacific Prices of Corn Starch varied throughout the fourth quarter. As a result of cost transmission in some

North America North American region, particularly the USA, witnessed an inclined price trend for Minoxidil during the start of October. Increased end-user demand balanced with enough supplies among the market participants kept the Minoxidil Prices on the higher side. Slowing economic activity amid rising borrowing costs, Consumer spending, which edged up 0.1% after surging 0.9% in October, and ease in trade disruption along with shipment cost supported the market sentiments of Minoxidil in the USA. Towards the mid of the fourth quarter till the end of 2022, the prices fell significantly, backed by decremented inquiries coupled with the temporary shutdown of the domestic market owing to New-year holidays. With this, the market of Minoxidil API ended 2022 with the settlement of USD 152350/ MT CFR Los Angeles APAC The prices of Minoxidil plummeted at the end of 2022 in the Asia Pacific region, primarily in China. With the start of the fourth quarter, i.e., during October, the price

North America North American region, primarily the United States market, the Carnitine Prices plummeted during the final Quarter of 2022. With the start of the fourth quarter er, the prices increased considerably. The prices witnessed an increment during the first half of the fourth quarter due to rising inflation, numerous logistic issues, and higher manufacturing cost in the export country. Additionally, prices began to drop progressively in the middle of the fourth quarter because fewer inquiries kept the stocks at their highest levels later in December. Also, with ease in inflation and other logistics, the prices decreased in the month of December. Asia Pacific The prices of Carnitine in the Asia Pacific region, majorly in China, demonstrated decelerating market situation throughout the fourth quarter of 2022. From October, the prices for Carnitine declined considerably. Following November, the official manufacturing purchasing managers index (PMI) fell to 48.0 in November, sl

North America The fourth quarter of 2022 saw a significant drop in Rabeprazole prices in North America, with CFR Los Angeles values falling by 5.8% from $108500/mt to $102150/mt from October to December. Due to a one-week holiday in China, a prominent exporter, imports of Rabeprazole were delayed the first week of October. Despite this, the US's downward pricing trend was sustained by the substantial stocks retained by domestic retailers and the low demand for Rabeprazole. The damaged supply chain did, however, begin to mend as the economy grew, and the port backlog significantly shrank in the second half of Q4. Asia Pacific During the fourth quarter of 2022, the price of Rabeprazole across the Asia Pacific region displayed a downward price trajectory. Between October and December, FOB Shanghai prices in China decreased from $88750/mt to $84250/mt. The first week of October saw a modest decline in Rabeprazole orders for China's API market due to the shutdown of production

North America The price of Piperacillin & Tazobactam witnessed an assorted trend in the North American market throughout the fourth quarter of 2022. Fluctuating demand from the downstream pharmaceutical and healthcare sector pulled back the prices of Piperacillin & Tazobactam in the regional market. Many retailers of Piperacillin & Tazobactam encountered the opposite issue in Q4. They had too many stocks on hand following months of COVID supply chain shocks and headlines about empty shelves. After COVID, purchaser preferences changed, and supply chain issues were eased because of reduced shipping demand brought on by slower consumer spending and a fall in manufacturing activity in December. All these factors resulted in the mixed price trend of Piperacillin & Tazobactam in the US domestic market. Asia- Pacific In the Asia-Pacific region, Piperacillin Tazobactam prices achieved robust gains with the start of the fourth quarter of 2022. The Ex-Vapi prices for Piperac

North America Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were p

North America The Metoprolol Succinate Prices in North America demonstrated an inclined price trajectory over the first part of the fourth quarter. Increased end-user demand from the pharmaceutical sector kept the prices of Metoprolol Succinate on the higher side. Furthermore, with the start of mid-q4, the prices began to fall gradually owing to a reduction in offtakes and supplies within the domestic market. Also, Supply chain disruption decreased rapidly over the six months to November across multiple measures, which did not affect the market sentiments of Metoprolol Succinate prices as the inventories with market participants were enough to meet any immediate order. Moreover, owing to a significant drop in its offtakes and New year holidays, which resulted in a temporary shutdown of the market within the region, the prices of Metoprolol Succinate remained on the North side and were recorded at USD 206000/ MT CFR Los Angeles. APAC In the Asia Pacific region, specifically in Chin

North America North American region, particularly the USA, witnessed an inclined Ofloxacin Prices during the start of October. Increased end-user demand balanced with enough supplies among the market participants kept the prices of Ofloxacin on the higher side. Slowing economic activity amid rising borrowing costs, Consumer spending, which edged up 0.1% after surging 0.9% in October, and ease in trade disruption along with shipment cost supported the market sentiments of Ofloxacin in the USA. Towards the mid of the fourth quarter till the end of 2022, the prices fell significantly with the settlement of USD 46155/ MT CFR Los Angeles backed by decremented inquiries coupled with the temporary shutdown of the domestic market owing to New-year holidays. APAC The prices of Ofloxacin plummeted at the end of 2022 in the Asia Pacific region, primarily in China. With the start of the fourth quarter, i.e., during October, the prices of Ofloxacin demonstrated a positive market outlook as th

North America Throughout the last quarter of 2022, the North American region, particularly the United States market, showed declining Levofloxacin Hemihydrate Prices . At the start of the fourth quarter, prices stayed relatively steady because demand inclined positively compared to the previous month. The different reasons that have affected the market for practically all commodities, including Levofloxacin Hemihydrate, are still closely monitored by market participants as fluctuating prices feared them for their losses. Until November, the prices held on the upper end due to lessening domestic market's overall supplies and healthy demand. With this, the price of Levofloxacin Hemihydrate was significantly demonstrated at USD 67220/MT CFR Los Angeles. After mod q-4 the prices of Levofloxacin Hemihydrate dropped considerably with the closure of the local market on account of New-year breaks.  Asia Pacific With the end of the Final Quarter of 2022, Levofloxacin Hemihydrate prices

North America The Q4 of 2022 saw a decline in the prices of Neomycin Sulphate in the North American market, with CFR New York prices settling at USD 14315/MT in October due to weak demand from the downstream pharmaceutical industry in the United States. Despite low domestic consumption rates, production rates were maintained at their optimum levels. However, these costs dropped further in November, to USD 13250/MT in December on the domestic US market. As the US economy finally began to recover and the port on the east coast dramatically decreased ship backlogs, the US supply chain steadily improved in H2 of 2022. Because of the decreased shipping demand caused by slower consumer spending and a decline in industry activity, the US supply chains were more flexible, resulting in a dip in product prices. Asia- Pacific Neomycin Sulphate prices in the Asia-Pacific region continued their downward trend throughout the fourth quarter of 2022, falling to USD 11900/MT in December after set