US Moxifloxacin HCl Prices Again Follow an Upward Trend: Here's Why?
- 17-Nov-2022 11:03 AM
- Journalist: Harold Finch
New York, USA: In the US, Moxifloxacin HCl prices again witnessed an increasing trend with the start of November 2022 on account of ongoing domestic demand, port congestion, and a constrained supply chain. At the same time, inflation has cooled somewhat in the US, but the prices of downstream sectors remain on the higher end.
Furthermore, rising energy demand and its cost, constrained supply, and geopolitical instability between Russia and Ukraine have considerably increased fuel prices, significantly supporting the cost of Moxifloxacin HCl in the US. Also, compared to the previous month, customer inquiries inclined again, propelling the market players to increase their rates and gain profits.
A rise in imports from exporting nations like China has increased the logistic charges, which positively impacts the market sentiments of Moxifloxacin HCl. Besides this, low inventory levels with higher requirements also contribute to the price increase of Moxifloxacin HCl in the US. This, in turn, compelled the dealers and traders to increase their stock level as the December Christmas festive draws near. Overall, the price of Moxifloxacin HCl demonstrated an inclination of around 1.95% in November 2022.
Chinese market and trading activities have been significantly affected due to strict COVID norms and supply disruption. Moreover, owing to the major application of Moxifloxacin HCl in the treatment of Bacterial infections, its demand remained on the higher side in both the exporting and the importing countries, which supported the market sentiments of Moxifloxacin HCl in both domestic and international markets.
According to ChemAnalyst, "The price of Moxifloxacin HCl is expected to decline in an upcoming month, i.e., in the month of December 2022, on the back of weakened demand, closure of various manufacturing units and lessened trading momentum. Also, domestic market participants are expected to have enough stockpiled inventories that can successfully meet the demand side.
