Global Furosemide API Market Witnesses Buoyant Trend in January 2023
Global Furosemide API Market Witnesses Buoyant Trend in January 2023

Global Furosemide API Market Witnesses Buoyant Trend in January 2023

  • 06-Feb-2023 3:45 PM
  • Journalist: Kim Chul Son

In January 2023, Furosemide API's price significantly increased due to a number of factors, such as soaring domestic and local demand, a constrained supply chain, and additional factors. Furosemide API is reaching highs due to rising oil prices, skyrocketing inflation, and other market factors.

China, the major exporter of several APIs, including Furosemide API, is currently facing a sudden pandemic resurgence towards the end of December 2022, drastically influencing the global and international market situation. The production activities in the Chinese provinces have been put on hold partially on the back of labor shortage amidst resurfacing Covid scenarios, less productivity, and rising demand. Additionally, it is anticipated that shipping freight costs will be impacted as more commodities travel west and vessel availability decreases. A rise in Furosemide API price may impact foreign suppliers' margins and profitability.

With the commencement of the first quarter of 2023, the demand from the international and domestic markets rose, propelling the merchants to increase their quotations as there have been insufficient inventories among the market players. Also, the rising energy cost and gas prices in the US and European markets have impacted production activities considerably, making production and manufacturing costs high. Due to Russia's invasion of Ukraine, energy costs have increased, and there are concerns about the security of the EU's energy supplies. New production activities in response to increasing market demand significantly impacted Furosemide API  pricing patterns in the first quarter of 2023. Also, the inflation percentage in Germany was 7.1%, further adding to the upward trajectory of Furosemide API.

According to ChemAnalyst, " New production initiatives and fresh stock inventories that will be developed to fulfill projected demand are expected to cause Furosemide API prices to increase in the first quarter of 2023. Also, better trade activities among domestic and international markets anticipate a positive price trend for Furosemide API.

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