For the Quarter Ending December 2022
The market trend for Ketoconazole experienced a fluctuating trajectory in the Fourth quarter of 2022, with CFR Houston values falling from $144850/mt to $144250/mt from Oct to Dec. In the fourth quarter of 2022, there were fluctuations in the North American Ketoconazole market. Prices began to climb in Q4 2022 and continued to do so throughout the second month of the fourth quarter due to high manufacturing costs, numerous logistical issues, and rising inflation. Additionally contributing to the market's stability were rising transportation costs and port congestion at the major ports. Additionally, the market benefited from confusion and a halt in API production as a result of higher energy prices. Later in December, prices started to fall as a result of declining inflation and dwindling end-user sector demand as the holiday season drew near.
The market trend for Ketoconazole in the Asia Pacific region showed a favorable trend in China, where FOB Shanghai values accessed at $ 132250/mt FOB Shanghai. The Asia Pacific region experienced generally unchanged market sentiments for the Ketoconazole API during the fourth quarter of 2022. Due to strong demand from downstream pharmaceutical businesses, prices started to rise steadily at the beginning of the fourth quarter. Zero-covid policies and the installation of lockdowns both had an impact on the market environment. Later, in the second month, the ketoconazole prices got underway. Lower production costs, sufficient stockpiles, and a strong supply caused the Ketoconazole API price trajectory to exhibit a stable trend. The domestic market was also sustained by steady end-user demand.
The CFR Hamburg negotiations for Ketoconazole API in Germany decreased from $146410/mt to $145820/mt between Oct and Dec 2022, continuing a Stable trend that began in the Fourth quarter. During the fourth quarter of 2022, market sentiment for the Ketoconazole API in the European region remained largely stable. At the beginning of the fourth quarter, prices started to rise steadily as a result of the robust demand from downstream pharmaceutical businesses. The implementation of lockdown and zero-covid policies both had an effect on the European market environment. Later, beginning of the second month, ketoconazole prices started to get stabilized. The Ketoconazole API price trajectory showed a consistent trend due to lower production costs, ample inventories, and a robust supply. Consistent consumer demand also supported the local market.
For the Quarter Ending September 2022
The market trend for Ketoconazole experienced a decreasing trajectory in the third quarter of 2022, with CFR Houston values falling from $143630/mt to $142200/mt from July to September. Ketoconazole was among the Active Pharmaceutical Ingredients (API) whose imports into the US got severely constrained as a result of China's zero-covid policy. Numerous Chinese production facilities were forced to shut down in the second half of Q3 due to the heat wave and a power constraint, which had a negative effect on US commerce. Several industries and economists ascribed the nation's diminishing demand to a number of problems, including inflation, supply shortages, and the nation's exorbitant interest rates.
The market trend for Ketoconazole in the Asia Pacific region showed a favorable trend in China, where FOB Shanghai values increased from $129730/mt to $130150/mt from July to September. The robust demand from the pharmaceutical end-user business has had an impact on this pricing pattern. Big suppliers put off placing sizable orders because of the second half's slow offtakes and the weak downstream demand, which was impacted by weather and power outages. Several production plants underwent maintenance after the shutdown when the markets reopened in the final week of July. Throughout the second half of the quarter, this had an impact on the product supply from both domestic and foreign suppliers. The market dynamics in China over the last weeks of the quarter have also been badly influenced by extreme weather and economic issues.
The CFR Hamburg negotiations in Germany decreased from $147340/mt to $144750/mt between July and September 2022, continuing a downward trend that began in the third quarter. The already difficult economic climate in Europe was made even more difficult by the unrest in Russia and Ukraine as well as the lockdown and port restrictions in China (a major supplier). Additionally, this quarter experienced weak demand from the food and feed industries as end-user industry intakes ranged from low to stable.