For the Quarter Ending December 2022
The fourth quarter of 2022 will see a decline in the price of Metoclopramide HCL as a result of minimal to non-existent demand from the downstream pharmaceutical business and logistical ease. Low sea freight costs have an impact on the market for Metoclopramide HCL in the North American continent. The market remained sluggish due to reduced port congestion and an efficient supply network. Customers were reluctant to place substantial purchases due to rising inflation, forcing merchants to cut their quotations to increase inquiries. Low input costs and decreased Benzoic acid prices have a negative effect on the cost of Metoclopramide HCL. The prices were evaluated and accessed at USD 127250/CFR Houston at the termination of Q4 2022 with an average quarterly declination of 0.56%.
Metoclopramide HCL market prices fell significantly in the fourth quarter of 2022 because of the decline in demand from the downstream pharmaceutical industry. At the end of Q4 2022, the prices were assessed at USD 125250/Fob Shanghai, with an average quarterly declination of 2.25%. The ministry also made the decision to reduce the cost of generic medications in Asia in order to retain their accessibility and availability to customers. With reduced input costs and the lowering of raw materials, Benzoic acid prices also showed a downward trend globally, which had a negative impact on the pricing of Metoclopramide HCL. Further, low demand and fewer inquiries from the international market kept the market situation weak.
The fourth quarter of 2022 saw deflation in the European market condition for Metoclopramide HCL. With an average quarterly decline of 0.67%, the prices of Metoclopramide HCL were found at USD 147200/MT CFR Hamburg. The market showed a weak market situation with ease in the shipments and transportation activities. Additionally, relief in port congestion at Europe's key ports kept the market weak by enabling an unimpeded supply chain. The prices increased marginally in November due to a sizable order to maintain the domestic region's well-stocked inventories. The weak market trend was also maintained by a decrease in inflation around the conclusion of Q4. Low input costs and falling benzoic acid prices have a detrimental impact on the cost of Metoclopramide HCL.
For the Quarter Ending September 2022
In the North American region, the prices of Metoclopramide Hydrochloride showcased an oscillating trajectory in the domestic market during the third quarter of 2022, backed by stable demand side from the downstream pharmaceutical industry and increasing feedstock prices. Metoclopramide Hydrochloride started positively with a significant price hike on the back of soaring benzoic acid prices in the US market. Later with the commencement of the second month, the Metoclopramide Hydrochloride prices went down owing to ample inventories and a stable supply chain to cater to the downstream demand. Also, to cope with the rising inflation, the government hiked up the interest rate to normalize the consumer's requests, propelling the domestic merchants to lower their quotations. Towards the termination of Q3 2022, the value accessed was USD 129460/MT with an average quarterly declination of 1.32%.
During the third quarter of 2022, the price of Metoclopramide Hydrochloride API increased in the Asia-Pacific area. The primary factor driving the increase in Metoclopramide Hydrochloride API pricing in the domestic market during the quarter is the heightened market sentiment for the feedstock benzoic acid. Due to steady demand and sufficient supply already in place, the price trajectory exhibited a minor change in the middle of this quarter, keeping prices on the lower end. Furthermore, rising freight costs and the price of crude oil contributed to an increase in benzoic acid prices. Rising manufacturing and input costs due to rising energy and raw material prices made the market sentiments for metoclopramide HCL robust with favorable cost support. Towards the termination of Q3 2022, the prices were recorded at USD 133660 /MT with an average quarterly inclination of 1.41%.
Throughout Q3 2022, the European market had an improving market sentiment. In Europe, the third quarter of 2022 saw an upward tendency in the price trend for benzoic acid due to strong demand from end-user industries and rising feedstock prices. Benzoic acid (Feedstock) prices rose throughout the quarter, driving the price of Metoclopramide Hydrochloride API to all-time highs. The price of metoclopramide hydrochloride increased due to rising freight costs and increasing port congestion brought on by geopolitical unrest (the conflict between Russia and Ukraine). Due to large stocks and consistent market attitude, metoclopramide HCL prices later began to decline towards the beginning of the third month. Towards the termination of Q3 2022, the prices were recorded at USD 150290 /MT with an average quarterly inclination of 0.48%.
In North America, the prices of metoclopramide hydrochloride showcased a marginal increase in the domestic market during the second quarter of 2022, backed by surging upstream benzoic acid costs. The demand from downstream pharmaceutical sectors was firm. Besides, the prices of upstream benzoic acid were inclining, which further propelled the metoclopramide hydrochloride prices in the upward direction. Logistic charges further added to the already augmenting price value of Benzoic acid, followed by increased costs of downstream API prices. In addition, the continued port congestions also prompted strong market sentiments for Metoclopramide hydrochloride. Towards the termination of Q2 2022, the value accessed was USD 135270/MT with a quarterly inclination of 1.53%.
The Asia-Pacific region witnessed an upward price trajectory of Metoclopramide hydrochloride API during Q2 of 2022. The hiked-up market sentiments for feedstock benzoic acid are the prime reason for the escalating prices of metoclopramide hydrochloride API prices in the domestic market. Moreover, inclining crude oil prices and freight charges further fuelled the prices of Benzoic Acid. Surging manufacturing costs owing to increasing energy costs and raw material prices also affected the market sentiments to be firm with positive cost support. Steady demand and enough existing supplies maintained the equilibrium keeping the prices on the higher end. Towards the termination of Q2 2022, the values were recorded at USD 128270/MT with a quarterly inclination of 6.60%.
The European market witnessed improved market sentiments throughout Q2 2022. In Europe, the pricing trend of Benzoic Acid was inclining in the second quarter of 2022 on the back of strong demand from end-user industries and growing feedstock prices. The costs of benzoic acid (Feedstock) increased throughout the quarter, prompting the metoclopramide hydrochloride API prices to record. The surging freight charges and increased port congestion owing to geopolitical tension (Russia-Ukraine conflict) added a hike in the prices of metoclopramide hydrochloride. Towards the termination of Q2 2022, the prices were recorded at USD 148270/MT with a quarterly inclination of 1.40%.