For the Quarter Ending December 2022
The prices of Metoprolol Succinate in North America demonstrated an inclined price trajectory over the first part of the fourth quarter. Increased end-user demand from the pharmaceutical sector kept the prices of Metoprolol Succinate on the higher side. Furthermore, with the start of mid-q4, the prices began to fall gradually owing to a reduction in offtakes and supplies within the domestic market. Also, Supply chain disruption decreased rapidly over the six months to November across multiple measures, which did not affect the market sentiments of Metoprolol Succinate prices as the inventories with market participants were enough to meet any immediate order. Moreover, owing to a significant drop in its offtakes and New year holidays, which resulted in a temporary shutdown of the market within the region, the prices of Metoprolol Succinate remained on the North side and were recorded at USD 206000/ MT CFR Los Angeles.
In the Asia Pacific region, specifically in China- Metoprolol Succinate prices plummet during the final quarter of 2022. As per the trend, in the first half of q4, the prices inclined on the positive side owing to the healthy downstream demand. The prices dropped again, showing a declining trend on account of weak demand. With the end of the year 2022, China's manufacturing activities began to decrease noticeably as a surge in COVID-19 cases. Moreover, the decrease in freight charges additionally supported the price trend of Metoprolol Succinate. Overall, the prices of Metoprolol Succinate recorded at the end of the fourth quarter were assembled at USD 194250 /MT FOB Shanghai.
In the fourth quarter of 2022, the European market for Metoprolol Succinate followed a similar pattern as that of North America. The market trend initially started on a healthy note up to November as the demand from the end-user sector pharmaceutical industry remained high. Furthermore, inquiries from the downstream sector for Metoprolol Succinate prices began to decrease gradually in November, keeping the prices on the lower side. Towards the end of the year 2022, fresher orders declined in December as a result of suppliers having large stock levels as a result of the market's brief closure. With this, the prices of Metoprolol Succinate witnesses were assembled at USD 216500/MT CFR Hamburg in Germany.
For the Quarter Ending September 2022
The prices of Metoprolol Succinate witnessed a mixed sentiment in the North American region in the third quarter of 2022. At the onset of Q3, the prices went down owing to the weakened downstream demand from the end-user pharmaceutical sector. Adequate inventories in the domestic market have forcibly pressurized Metoprolol Succinate market sentiments to be on the lower side. Additionally, towards the end of the first half of Q3, the prices begin to rise slightly owing to an increase in the demand balanced by the supply side. Furthermore, the prices declined again in the month of September with -1.91% and got settled at USD 205000/MT CFR Los Angeles in the United States.
The Asia Pacific region showcased a heightened pricing trend toward Metoprolol Succinate during the third quarter of 2022 owing to the high demand and limited inventories in the downstream pharmaceutical industries; also, Metoprolol Succinate prices rose in China till the second half of Q3. Besides that, the ongoing Covid shutdown in some cities of China has also impacted the market sentiments of Metoprolol Succinate. However, Metoprolol Succinate prices decreased at the end of the quarter because of a piling up of deliveries, due to which the manufacturers were compelled to reduce their quotations. Overall, the prices of Metoprolol Succinate by the quarter ending June were assessed at USD 194000 /MT FOB Shanghai in China.
During the third quarter of 2022, Metoprolol Succinate witnessed a decremented pricing sentiment in Europe. In the first half of Q3, Metoprolol Succinate prices in the European market climbed at a stable rate due to moderate demand which was balanced by the supply side from the end-user pharmaceutical sector. Furthermore, towards the end of the first half of Q3, the prices started to decline significantly owing to lower importing activities from China amidst lockdown restrictions, causing limited inventories in the regional market of Europe. Logistical issues coupled with a stockpiled of containers drove down the price value of Metoprolol Succinate across the regional market. Overall, the prices of Metoprolol Succinate by the quarter ending September were assessed at USD 215500/MT CFR Hamburg in Germany.
The overall market trend of Metoprolol Succinate followed the uptrend during the second quarter of 2022 on account of stagnant demand for the product in the regional market. USA imports the API from China and faces a frenzy supply to produce ample drugs according to the domestic demand. Till the mid-quarter, the market sentiments of Metoprolol Succinate moved in stagnant momentum. Towards the quarter end, the prices rose as the demand and freight charges rose in the regional market. Furthermore, the production activity in the country remained high, consequently impacting the prices of Metoprolol Succinate in the regional market. Towards the end of Q2 of 2022, Metoprolol Succinate was assessed at USD 210000/MT for CFR Los Angeles during June 2022.
In the second quarter of 2022, the market prices of Metoprolol Succinate observed mixed sentiments in the regional market as the prices tumbled towards the quarter end. China, one of the API's major producers, faced challenges in the quarter as the country went under lockdown. Natural calamities and restricted movement in the country halted the operational rate of Metoprolol Succinate API. This decrement in production showcased the impact on the market prices of Metoprolol Succinate throughout the quarter. Demand from the elderly population of the region remained active as the API is used to treat high blood pressure and reduce the chances the strokes. These facets governed the market sentiments of Metoprolol Succinate in the regional market. Towards the end of Q2 of 2022, Metoprolol Succinate was assessed at INR 3290000/MT for Ex Mumbai during June 2022.
In the second quarter of 2022, the prices of Metoprolol Succinate followed the upwards trajectory in the European market on the back of surging demand from downstream drug manufacturing units. The transportation of the API remained rough in the European region leading to high production costs. Transportation of the API from China became a frenzy as port congestion occurred in major ports of China. Furthermore, the regional market faced commodity inflation, proportionally raising the prices of feed, energy cost, and transportation costs. The demand for the API came from drug manufacturing plants as people suffer more from high blood pressure and heart stroke diseases. Towards the end of Q2 of 2022, Metoprolol Succinate was assessed at USD 220000/MT for CFR Hamburg during June 2022.