For the Quarter Ending March 2024
North America
During Q1 2024, the pricing dynamics of Losartan Potassium in the North America region, particularly in the USA, were shaped by a blend of factors. Initially, prices witnessed a notable decrease, driven by weakened demand from downstream industries and ample supply in the market. This decline in demand was further exacerbated by the effects of inflation and the Federal Reserve's decision to maintain steady rates.
However, prices surged in the middle of the quarter due to an increase in demand from downstream industries, intensifying the already tight supply conditions prevalent in the domestic market. The impending arrival of the spring festival in China also contributed to heightened demand, prompting market retailers and distributors to proactively seek replenishment of their inventories. Additionally, disruptions in key maritime routes, such as the Red Sea and Panama Canal, posed challenges for shippers importing Losartan Potassium into the US, further exacerbating supply constraints. Nevertheless, prices experienced a significant decline again in March due to a downturn in business sentiments, casting uncertainty over the economy. This lack of confidence translated into subdued demand from end-user pharmaceutical and healthcare industries, leading to a downward trajectory in Losartan Potassium prices.
In conclusion, the pricing of Losartan Potassium in the North America region during Q1 2024 was influenced by a combination of demand patterns, consumer sentiment, and inventory management strategies.
Asia Pacific
In Q1 2024, the pricing dynamics of Losartan Potassium in the APAC region, notably in China, showcased a nuanced pattern influenced by various factors. These factors included domestic manufacturing activity, global economic conditions, and disruptions in the supply chain. At the onset of the quarter, prices experienced a significant decline as diminished demand from downstream sectors negatively impacted the market. The manufacturing environment in China encountered challenges, marked by a slow domestic recovery and subdued external demand. Midway through the quarter, prices surged due to constrained inventories serving as a primary catalyst. The closure or reduced operation of numerous factories during the Spring Festival disrupted production, leading to a shortage in the market. This supply-demand imbalance naturally drove prices up as buyers competed for the limited available stock. However, prices declined again in March despite an uptick in economic activity in China following an extended holiday period. This positive momentum was overshadowed by concerns surrounding inadequate domestic demand. Market participants found themselves holding substantial inventories in their warehouses, prompting them to actively seek opportunities to offload their stock at discounted rates. The final price for Losartan Potassium (USP) FOB Zhejiang in China in Q1 2024 was USD 70200/MT.
Europe
In Q1 2024, the pricing dynamics of Losartan Potassium in the Europe region underwent fluctuations influenced by various factors. At the beginning of the quarter, prices experienced a decline, reflecting subdued consumer sentiments and concerns about the economy. This decrease in demand from both the pharmaceutical and healthcare sectors contributed to the overall decrease in Losartan Potassium prices. However, prices surged in the middle of the quarter due to several factors, including rising consumer demand, logistical challenges, and limited inventories within the domestic market. Disruptions in shipping and logistics, typical during the Spring festival in China, led to delays and increased transportation expenses. These additional costs were passed on to buyers, contributing to the upward trend of Losartan Potassium prices. Nevertheless, prices experienced a decline again in March as the market grappled with persistently poor performance in new industrial orders. This was characterized by inadequate domestic demand juxtaposed against a relatively high backlog, further contributing to the downward trajectory of prices for Losartan Potassium in the Europe region.
For the Quarter Ending December 2023
North America
The fourth quarter of 2023 brought notable developments to the North American Losartan potassium market, especially in the United States. Initially, prices experienced a significant increase from October to November, propelled by heightened consumer spending, signs of easing inflation, and more affordable gas prices, leading to an overall surge in demand. However, a decline occurred in December, attributed to reduced demand from downstream industries and an ample supply in the market.
In the US market specifically, there was heightened consumer confidence and sustained high demand due to decreased inflationary pressures, resulting in increased consumer spending. The depreciation of the US dollar against foreign currencies, particularly the Chinese yuan, led to more expensive imports and restricted supply in the domestic market. These factors, along with heightened demand during the holiday season, contributed to elevated Losartan potassium prices in the US. Nevertheless, prices declined towards the end of the quarter, influenced by a resurgence of inflationary pressure, prompting consumers to exercise caution in their spending and impacting the overall demand for Losartan potassium.
In summary, the Losartan potassium market in the North American region during Q4 displayed a mixed pattern influenced by factors such as inflation, interest rates, and consumer behavior.
APAC
In the APAC region, the pricing of Losartan Potassium in the current quarter of 2023 (Q4) was influenced by several key factors. Firstly, the market experienced limited supplies, leading to an increase in prices. Additionally, there was a surge in consumer demand during the festive season, further driving up the prices of Losartan Potassium. Furthermore, the escalation of crude oil prices due to extended oil production cuts by OPEC+ countries and the Israel-Hamas conflict resulted in higher business expenses and output costs, contributing to the rise in prices. Among the countries in the APAC region, China saw significant changes in the price of Losartan Potassium. The market experienced an increase in new orders and sales, surpassing the current supply levels. The Chinese manufacturing activities rebounded in November, displaying the swiftest expansion in the last three months. The overall demand from both domestic and foreign markets remained somewhat below optimal levels, which pushed the prices upward. Although, prices declined in December, driven by a decrease in new order inquiries both domestically and internationally. Manufacturers and distributors strategically worked to deplete their inventories at reduced price quotes before the new year. In terms of price percentage comparison, the price of Losartan Potassium in China at the end of Q4 2023 was USD 75000/MT.
Europe
In the concluding quarter of 2023, the European Losartan potassium market experienced fluctuating pricing dynamics influenced by various factors. October and November witnessed an uptick in Losartan potassium prices, driven by increased demand from the food and healthcare sectors, higher consumer spending, and reduced market inventories. A positive shift in business sentiment in Germany, alleviating factors hindering economic growth, contributed to this price surge. However, as December unfolded, Losartan potassium prices experienced a downturn attributed to consumer apprehension and reduced purchasing power due to a resurgence of inflationary pressure. This led to a surplus of supply, exerting downward pressure on prices. Furthermore, declining business sentiments in Europe, especially in Germany, contributed to an overall reduction in Losartan potassium demand. The persistent decline in new orders and factory productivity added to the weakness in demand. Lastly, the European Central Bank's efforts to curb inflation through interest rate hikes impacted the market, with higher interest rates acting as a deterrent to demand. The combined effect of these factors highlighted the dynamic nature of the European Losartan potassium market in the final quarter of 2023.
For the Quarter Ending December 2022
North America
In the fourth quarter of 2022, Losartan Potassium prices decreased somewhat in North America compared to the previous quarter. The CFR New York prices dropped from USD 81200/MT to USD 81220/MT from October to December by 0.93%. As per the market players, the US domestic market ended the year on a downward note because the demand in the end-user pharmaceutical and healthcare sector weakened. Even as importers expressed that disruptions related to Covid-19 in China had potentially brought greater hardship, costs declined throughout US supply chains, alleviating inflationary pressures. However, the US supply chains became more flexible entering December as a result of lower shipping demand brought on by slower consumer spending and a reduction in manufacturing activity.
Asia- Pacific
During the fourth quarter of 2022, the price of Losartan Potassium across the Asia Pacific region displayed a downward price trajectory. Between October and December, FOB Shanghai prices in China decreased from USD 65000/MT to USD 64800/ MT. Due to the closure of production facilities for the Golden Week, orders for Losartan Potassium for China's API market slightly decreased during the first week of October. Domestic merchants encountered a lot of contradicting signals following a one-week holiday and the market's reopening, which made it difficult for the players to keep up with the slow development seen in the downstream industries. Offtakes in the pharmaceutical sectors remained moderate in terms of demand throughout the quarter. Despite China's steps to broaden relaxations in Covid-19 curbs in response to a massive protest outburst in late November, the market witnessed pessimistic sentiments. The manufacturers had slowed down their production and were mainly focused on selling off their stocks even at cheap rates due to the ongoing yearlong destocking season.
Europe
In Europe, the German market for Losartan Potassium followed the same pattern as North America and Asia. The CFR Hamburg prices were resolved at USD 74600/ MT in October and USD 74500/ MT in December, indicating a downward trend. Demand from the downstream pharmaceutical sector was higher in the first half of the quarter than in the second half due to the unexpected rise in coronavirus infections, which caused a decrease in orders. In terms of supply, market players had sufficient stocks with them to meet any immediate order. However, Germany's annual inflation rate moderated in December, as observed from German CPI, which fell to 8.6% in December from 10% in November, measured according to EU-national standards. Also, Germany's trade flows had resumed at a more significant level, but the market's fundamentals remained weak, resulting in lower prices.
For the Quarter Ending September 2022
North America
The Losartan Potassium market showcased an overall increasing pricing trend in the North American region during the third quarter of 2022. In the United States market, the prices inclined considerably with the onset of Q3 owing to limited inventories with the local vendor amidst high offtakes from downstream producers. However, the demand in the mid of Q3 went on the lower side, with prices declining to USD 80000/MT. Soon after, some production activities in exporting countries, including China and India, decreased owing to worsened weather conditions, affecting the imports to the US. Therefore, the Losartan Potassium market dynamics got surged over the end of Q3 in the USA, with CFR New York prices settling at USD 82000/MT.
Asia- Pacific
During the third quarter of 2022, the price trend of Losartan Potassium inclined significantly by 3.1%, with a buoyant market sentiment in the Asia-Pacific region. The price surged to USD 64500/MT was backed by a shortage of inventories with local vendors. Furthermore, the continuous lockdown restriction and port congestion led to shipments piling up, which supported the market's pricing tendency. Moving towards the second half of Q3, the prices increased, further supported by higher downstream demand and inquiries from the domestic market. Some production activities decreased owing to worsened weather conditions, keeping the suppliers from raising their rates to gain profits. Overall, prices escalated by the end of the third quarter with the settlement of USD 65800/MT FOB Shanghai in China.
Europe
The market fundamentals for Losartan Potassium in Europe were comparable to those in North America in the Q3 of 2022. In July, the German Losartan Potassium commenced the quarter positively, with prices settling at USD 74650/MT. However, prices started declining from mid-H1 and inclined again in the last weeks of the quarter. Therefore, constant fluctuation in price trends was owing to various factors, such as the unstable supply of inventories in the domestic market and fluttering demand from the end-user pharmaceutical sector. In addition, turbulences in logistic activities, piled-up cargo at the port, and variations in seasonal conditions in the major exporting country, China, affected the Losartan Potassium market. Towards the end of Q3 of 2022, Losartan Potassium prices were evaluated at USD 75540/MT for CFR Hamburg.
For the Quarter Ending June 2022
North America
During the second quarter of 2022, prices of Losartan Potassium have witnessed a downward trajectory in the North American region on the back of the adequate supply of the API with the end-user manufacturers. On the other side, the requirement from the end-user pharmaceutical industries has remained bearish. As a result, the manufacturers were obliged to reduce the production rate, which negatively impacted the prices of Losartan Potassium. Also, regular supply and sufficient stocks with the suppliers have different facets for the lower costs of Losartan Potassium across the regional market. Thus, Losartan Potassium prices were assessed at USD 80750/MT for CFR New York Towards the end of Q2 of 2022.
Asia- Pacific
During the second quarter of 2022, Losartan Potassium Market has continued to rise in the APAC region owing to the crippling availability of a product in the APAC region. In addition, the high cost of the starting material like Phenyl Tetrazole has further weighed on the high prices of Losartan Potassium. On the other hand, higher downstream demand from various end-user enterprises caused the Losartan Potassium API to increase. Moreover, the trade-related disruption amidst the temporary shutdown of manufacturing units in China due to the lockdown in several cities impacted the market price of Losartan Potassium across the region. Besides, mounting demand resulted in a container shortage with the traders, which led to the high maritime cost and supported the price increment of API in the regional market. Thus, Losartan Potassium prices settled at INR 5320000/MT for Ex-Vapi in June 2022.
Europe
Prices of Losartan Potassium have shown a positive market sentiment in the European region during the second quarter of 2022. The demand for Losartan Potassium API drugs remained bullish, leading to high market prices of the product in the regional market. On the other hand, the inflation rate in the country remained high during the second quarter, which consequently surged the API prices across the regional market. On the supply front, the transportation of the API from exporting country India remained frenzy as the freight charges remained upbeat, followed by the tight German ports. Demand from pharmaceutical sectors that is Losartan Potassium producing companies remained active, leading to the solid demand for the product in the regional market. Towards the end of Q2 of 2022, Losartan Potassium prices were evaluated at USD 73750/MT for CFR Hamburg.
