US Levocetirizine Dihydrochloride Prices Show an Inclined Trend in October 2022
- 17-Oct-2022 5:16 PM
- Journalist: Peter Schmidt
CFR Los Angeles: The prices of Levocetirizine Dihydrochloride showcase an upward trajectory in the US. This price trend was carried by healthy demand with declining inventories and customer inquiries from the downstream pharmaceutical sector.
This month, Levocetirizine Dihydrochloride prices had changed considerably from the previous month, when they had been in a declining state. Due to rising demand in the domestic market, the US has consciously boosted its imports of Levocetirizine Dihydrochloride from China, a significant provider.
From the beginning of October 2022, the prices of Levocetirizine Dihydrochloride displayed an upward trend as the domestic merchants stocked their inventories ahead of the Golden week holidays from 1st October to 7th October because of this; they anticipated that trade would be disrupted for a week. This golden week encompasses China National Day and results in the shutdown of most factories along with the work stoppage in Chinese ports, resulting in delayed shipments to respective inland destinations.
Additionally, as October drew near, demand for Levocetirizine Dihydrochloride increased significantly, and domestic merchants had ample inventory to sell at a profit. Further, due to the ongoing offtakes from the domestic market, US purchasers are increasingly interested in trading Levocetirizine Dihydrochloride. Furthermore, the cost of raw materials, rising energy and gas costs, and other factors have contributed to inflation's negative effects on practically every industry over the past year. Due to this, all of the downstream items' prices have fluctuated. Along with this, the Covid-19 epidemic and the Russian invasion of Ukraine have intensified financial strains on several industries, including the pharmaceutical industry. Above mentioned factors supported this price change of Levocetirizine Dihydrochloride which inclined with the rate of 1.36 percent from September in the United States
Moreover, it is anticipated that the prices of Levocetirizine Dihydrochloride will surge at a constant pace. The robust demand from the pharmaceutical industries, the dropping stock rate, and the rising trading pressure from China are probably contributing factors to this upward trend. Additionally, logistical costs and delayed shipments are anticipated to support the pricing trend.