The USA market experienced significant price growth for aspirin during February owing to various market factors. End-user healthcare and pharmaceutical industries raised their demand for aspirin while limited supply drove prices upward.
Key Takeaways
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Increased demand from healthcare and pharmaceutical industries.
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Weather changes increased demand for aspirin for pain relief and cold-related ailments.
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Lunar New Year holiday disruptions in China, causing manufacturing slowdowns and depleted stockpiles
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U.S. tariffs on Chinese imports increased procurement costs.
The market demanded more aspirin during seasonal changes because weather conditions caused people to seek pain relief and remedies for cold symptoms. The market conditions allowed businesses to adjust their pricing strategies which resulted in higher market prices while overall sentiment remained positive.The final price of aspirin reached USD x,xxx CFR Los Angeles at the end of February.
The manufacturing sector experienced reduced operations during the initial part of the month because Chinese production units...
