Reduced Demand Drops Global Levofloxacin Hemihydrate Prices
- 24-Mar-2023 11:20 AM
- Journalist: Nicholas Seifield
Levofloxacin Hemihydrate price across the globe is expected to decline throughout March 2023 due to the decrease in inquiries from the international and domestic markets.
Chinese market demonstrates a stable decrement in the prices of Levofloxacin Hemihydrate during March 2023. The end of the first quarter of 2023 saw a steady fall in China's manufacturing activity, a prominent source of Levofloxacin Hemihydrate to other regions. Ample availability of Levofloxacin Hemihydrate supply among domestic manufacturers further helped them to meet any necessary orders within the domestic market. On the other hand, producers from end-user pharmaceutical industries also halted their manufacturing activity as the inquiries from the international market did not meet as expected by them. Moreover, market participants claim that because of poor customer interest in Levofloxacin Hemihydrate, buyers and traders only placed orders when necessary, owing to which they have been forced to lower their future prices and clear their stockpiles.
A similar market pattern for downstream Levofloxacin Hemihydrate was also seen in the United States and Europe as well, where less demand from the domestic market is likely to witness from February. Furthermore, the lower trade activity from Export nations such as China would support this negative price trend.
Since the start of March, there has been a high level of total enterprise availability for Levofloxacin Hemihydrate, and weak trading dynamics have been witnessed and are projected to continue until the end of the first quarter. The current level of demand is still low, and many suppliers are likely to be concerned about an ongoing build-up of stockpiles in the coming months.
According to ChemAnalyst, "The price of Levofloxacin Hemihydrate is expected to improve again in the approaching months on account of the resurgence of customer interest. Market participants must maintain sufficient stock to meet the immediate demands of the area. The logistic activity might enhance further, supporting the overall trend across the global market."