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US Penicillin G Sodium prices continued to remain softer in July **** as leading generic manufacturers halted bulk spot procurement and relied entirely on existing safety stocks accumulated during Q*. Import supply remained readily offered as China-origin exporters maintained steady fermentation output and continued aggressive placement into the US market to protect utilization rates. These factors kept the Penicillin G Sodium market adequately supplied and limited purchasing urgency despite ongoing feedstock-related cost concerns.
Earlier market developments during June contributed significantly to the current softness. Early June saw a post-inspection recovery at major Chinese fermentation facilities that pushed additional Penicillin G Sodium spot offers into export channels, while May front-loading by US importers amplified inbound volumes. Mid-month FOB softness out of Shanghai translated into easing CFR Houston offers, and by late June distributor inventories reached multi-month highs, removing urgent spot buying. Seasonal factors, including the...
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