Global Furazolidone API Prices Down on Weak Market Fundamentals

Furazolidone API prices decreased across the globe throughout November 2022 on the back of dull market fundamentals. Bearish downstream demand amid excessive stocks among manufacturers and traders hampered the market growth of Furazolidone API.

In China, local participants recognized their potential, pointing to the positive response from overseas buyers for December offerings. Still, they supplemented lower-valued products due to sluggish trade activities. However, Furazolidone API prices decreased by more than 2% monthly due to frailed interest from the downstream pharmaceutical and healthcare industries. As a result, surplus product availability in the Chinese market capped the prices from increasing further.

Similarly, US domestic market resulted in the price plunge of Furazolidone API in November 2022. However, the continual supply from traders and the product's adequate availability on the ground meet demand from downstream sectors. Moreover, imports continued to remain cheap on the US shores as freight charges reached normalcy from Asia to the US. Therefore, the end-user industries were not experienced much necessity, and the offtake of Furazolidone API from these industries was decremented as end-user producers seemed to be in a wait-and-see attitude.

On the other hand, Furazolidone API prices stabilized on the lower side in the European market during November 2022 as concerns over stable demand amid ample inventories. However, this month's trading activities in the domestic market have been hampered by slower downstream market sales and ongoing problems with money flow. The situation put pressure on the suppliers to clear out their stocks at a discounted price. In addition, the freight costs from Asia to Europe were also about to decrease as port congestion concerns subsided somewhat.

According to ChemAnalyst's research, Furazolidone API prices, however, may experience a decline in the next month due to the ongoing decrease in product demand exacerbated by the slowdown in trade activity ahead of the Christmas Holiday.