Chloroquine Phosphate Prices Online
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 sentiment ahead of the Christmas
Holiday. Thus, the situation put pressure on the suppliers to clear out their
stocks at a discounted price of around USD 28770/MT in December.
Asia- Pacific
In the Asia Pacific region, the prices
of Chloroquine Phosphate witnessed a seesaw behavior during the last
quarter of 2022, backed by the hovered downstream demand from various end-user
pharmaceutical and nutraceutical industries. With entering the quarter, the
Chloroquine Phosphate market opened on a good note, with prices rising
considerably to USD 26000/MT until November amidst positive domestic trade
entities. By the last month of 2022, the Chloroquine Phosphate prices suddenly
decreased as demand was lower than expected, backed by pessimistic market
sentiments. To secure shipment, producers cut the price marginally, resulting
in a modest decline in the overall cost of Chloroquine Phosphate. Thus, the FOB
Shanghai prices for Chloroquine Phosphate in China were assessed at USD
25100/MT in December 2022.
Europe
With the start of the fourth
quarter of 2022, prices for Chloroquine Phosphate in Europe remained high
because of low stock levels and surging demand from end-user industries like
the pharmaceutical and healthcare sectors. Limited imports to Germany were
observed due to the Golden Week holiday and China's lockdown regulations. A
supply chain disruption and a rise in freight costs were also brought on by the
conflict between Russia and Ukraine. However, prices started to decline from
early November to late December because of the poor offtakes and the weak
downstream demand. The suppliers also had enough inventory on hand to meet the
whole domestic demand. As a result, the price of Chloroquine Phosphate CFR
Hamburg dropped from USD 29700/MT in October to USD 27900/MT in December 2022.
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