Consistent Demand Sustains the Growth Momentum of Metronidazole API in Germany
- 11-Nov-2022 6:46 PM
- Journalist: Shiba Teramoto
Metronidazole API prices continue to approach an upward price trajectory in Germany with the start of November 2022 due to consistent demand. Before this, the price of Metronidazole API increased by 2.3% in October 2022, providing a break in the downward movement due to an improvement in buying activities from downstream industries. However, the ChemAnalyst team is forecasting an inclination of around 2.8% in the price trend of Metronidazole API by the end of November 2022.
One reason that emerges to be aiding the surge in Metronidazole API prices is robust demand dynamics from end-user pharmaceutical and nutraceutical industries. German buyers started trading due to the recent surge in orders backed by insufficient product stocks in the domestic market, which increased the price of Metronidazole API. Also, the fundamentals of supply have been altering, resulting in an upsurge in the Metronidazole API market.
This quarter, Germany is raising their public spending to boost economic growth due to accelerating inflation. Even though the continued economic conditions and geopolitical tensions between the leading countries, Europe undoubtedly maintains strong market sentiments towards Metronidazole API. The continuous labor deficit in response to inflation is also causing a substantial scarcity of vehicles and drivers in the region. The delayed hours and yard occupancy has grown due to the queue of cargoes waiting to be loaded and discharged. Furthermore, port closures would further affect the European supply chain, which already hampers by cargo bunching and port congestion. The Metronidazole API prices have strengthened considering all these factors.
According to ChemAnalyst, "the Metronidazole API price trend is expected to follow downward momentum in the next month may be on the back sufficient inventories in the German market. Also, weak demand and increasing pressure from Asian imports might impact the price of Metronidazole.