German Betamethasone API Rates Continued to Plummet, Benchmarks off 6.5% for September 2022
- 04-Oct-2022 3:34 PM
- Journalist: Francis Stokes
In Germany, the Betamethasone API prices experienced a plunging behavior by the termination of the third quarter of 2022. Low demand driven by downstream sectors due to the slowed economy and ample supplier inventories supported this downward price trend. Also, the imports from Asia became more competitive as prices there had dropped on account of falling consumption, in the case of Betamethasone API.
The Betamethasone API prices continued to drop while demand was lackluster as buyers anticipated further price declines. Also, Betamethasone API downstream market from the cosmetics and pharmaceutical industry remained sluggish due to the slow consumption of its derivatives, such as betamethasone dipropionate and betamethasone valerate, causing the price decline. The price plunge has also been triggered by diminishing offtakes from the domestic market, which led to a muted trading atmosphere. However, the end-user traders were bargaining over their current stockpiles to maintain their profit margins.
As per the market sources, manufacturers had sufficient inventories to cater to the overall market demand due to the oversupply of Betamethasone API and decreased import offers from foreign suppliers, primarily from China. In September, logistics and transportation values were slightly on the lower side; also, the cost of production and raw material prices continued to decline, and purchasing activities fell somewhat. All these variables influenced the dwindling market dynamics with a negative price movement for Betamethasone API. Hence, as a result, the Betamethasone API price was reduced by 6.5% in Germany during September.
According to ChemAnalyst, it is estimated that Betamethasone API market sentiments would get stable in Germany. The price forecasts pointed to an expected stagnant trend in the following month by an expected slowdown in economic activity, gluts in supply, and the easing of supply chain disruptions. Also, downstream industries are anticipated to trail steady demand fundamentals on the back of adequate inventories among domestic merchants.