Vancomycin Hydrochloride Prices Trend and Forecast
North America
The Vancomycin
Hydrochloride Prices steady market dynamics with minimal variation in
the first quarter of 2023. As Q1 2023 got underway, prices increased through
the end of February, supported by continuous purchases from the pharmaceutical
end-user sector. Also, the ease of trade disruption supported the Vancomycin
Hcl market trend from January. Furthermore, by the end of Q1 2023, prices had
decreased because there were few inquiries and sufficient supplies among the
merchants. Low freight costs also contributed to the market's current state of
weakness. At the termination of Q1 2023, the settlement price of Vancomycin Hcl
API accessed at USD 628105/MT FOB Shanghai with an average quarterly
inclination of 0.13%.
Asia Pacific
Vancomycin Hydrochloride Prices witnessed
a stable upward trajectory in the APAC region in the first quarter of 2023.
After the Lunar New Year break, the Chinese pharmaceutical markets technically
returned on a positive note with an increase in orders and shipments from both
the domestic and the international market. As the market was reopened, factory
and port operations resumed. The prices stabilized as the strict Covid laws
lifted, revitalizing the second-largest economy in the world. Also, the
recovery of production quickened, along with the feeble demand kept the market
weak. At the termination of Q1 2023, the settlement prices
of Vancomycin Hydrochloride API
accessed at USD 617455/MT FOB Shanghai with an average quarterly inclination of
0.60%.
Europe
In the first quarter of 2023,
Vancomycin Hcl showcased fluctuating market dynamics. With the commencement of
Q1 2023, the prices rose till the end of February, backed by consistent
offtakes from the pharmaceutical end-user sector. Further, the ease in trade
disruption reinforced January's market trend of Vancomycin Hcl. Also, the Euro
currency apprenticed against the USD in the month of January, influencing the market
sentiments. During the month of March, the settlement price of Vancomycin Hcl
API came down to USD 625580/MT CFR Hamburg from USD 660840/MT, with an average
quarterly declination of 1.62%. Moreover, by the termination of Q1 2023, the
prices dropped as the inquiries remained feeble and the merchants had enough
supplies among them. Also, low freight charges further supported the weak
market situation.
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