Moxifloxacin Hydrochloride Prices Trend and Forecast
North America
The Moxifloxacin Hydrochloride Prices in North America increased gradually over the first part of the fourth quarter of 2022. End-user demand from the pharmaceutical sector kept the Moxifloxacin Hydrochloride prices on the higher side. Furthermore, Supply chain disruption decreased rapidly over the six months to November across multiple measures, including shipping prices, which supported the positive market trend of Moxifloxacin Hydrochloride. Until November, the prices of Moxifloxacin Hydrochloride remained on the North side and were recorded at USD 207450/MT CFR New York, but then it began to collapse at the start of December owing to a significant drop in its offtakes.
APAC
Moxifloxacin Hydrochloride prices plummet during the fourth quarter of 2022 in the Asia Pacific region, particularly in China. Although during the first half of q4, the prices remained on the positive side owing to healthy downstream demand balanced with the supplies among the market players. However, the ease in supply chain disruption, including shipping prices, during November compared to October somewhat helped the traders and suppliers to get more orders and balance the demand side. With the end of the year 2022, China’s production activities began to decrease noticeably after November a surge in COVID-19 cases, owing to which the trade momentum weakened along with the decrease in freight charges which positively supported the price trend of Moxifloxacin Hydrochloride. Overall, the price of Moxifloxacin Hydrochloride noted in the mid of the fourth quarter was assembled at USD 182010/MT FOB Shanghai.
Europe
In the fourth quarter of 2022, the European Prices for Moxifloxacin Hydrochloride followed a similar pattern to that of Asia Pacific. The market trend initially began on a good note up to November and reached an assembly price of USD 215250/MT CFR Hamburg in Germany because of increased demand from the end-user pharmaceutical industry. As inquiries from the downstream sector for Moxifloxacin Hydrochloride prices began to fall significantly after December, supporting the weaker price trend of Moxifloxacin Hydrochloride as the market participants had abundant supplies with little or no demand. In addition, fresher orders declined in December due to suppliers having large stock levels due to the market’s brief closure.
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