For the Quarter Ending June 2023
North America
Metoprolol succinate prices in the United States showed a mixed trend in the second quarter. Prices rose 0.61% in May due to increased end-user demand coupled with new inventory replenishment activities, which kept the market favorable. The manufacturing PMI (Purchasing Managers Index) hit 48.4 in May, indicating a slowdown in the US manufacturing sector. This shows that supply from manufacturers and suppliers has been constrained due to reduced business activity. But consumer demand remained strong, leading to higher prices for metoprolol succinate in May. On the other hand, prices fell 0.75% in June versus May due to unusually sluggish offtakes in end-user industries. Domestic suppliers have ample stock of Metoprolol Succinate, leading to continuously falling costs in the domestic market. Furthermore, high-interest rates by Federal Reserve reduced the demand for metoprolol succinate in the market, further supporting the downtrend. In addition, the appreciation of the US dollar against the Chinese yuan in June increased imports into the US market, resulting in increased supply which further put downward pressure on the price of metoprolol succinate.
Asia Pacific
Metoprolol succinate prices in China showed mixed trends in the second quarter. Metoprolol succinate prices rose 0.78% in May, in contrast to April levels, due to consistent domestic demand and ongoing operational activity. China's purchasing managers' index (PMI) fell to 48.8 in May from 49.2 in April, signaling a slowdown in factory activity, leading to a reduction in inventories among manufacturers and market suppliers to meet strong market demand, pushing prices higher. In contrast, the price of metoprolol succinate fell 0.78% in June from May due to the decline in new orders and slowing consumer purchasing activity. The official manufacturing Purchasing Managers' Index (PMI) rose to 49.0 in June from 48.8 in the previous month, signaling a slowdown in manufacturing activity. Production decreased due to weak demand from end users. However, prices are kept low as market participants hold enough inventory to meet current market demand. In addition, China's exports fell 12.4% in June, leading to an increase in the availability of metoprolol succinate in the Chinese market, supporting the downward trend.
Europe
In Germany, the situation of Metoprolol Succinate showed a mixed trend throughout the second quarter. Prices rose slightly in May to 0.57% from April, then fell to 0.87% in June. Prices rose in May due to limited stockpiles among traders and suppliers, coupled with increased demand from end-user industries. The manufacturing Purchasing Managers' Index (PMI) for Germany fell to 43.2 in May from 44.5 in April, reflecting weaker business activity, and lower inventories among market participants with delays in shipments to meet demand, leading to an increase in Metoprolol Succinate prices. In June, the German economy was hit by rising inflation and an interest rate hike by the European Central Bank, leading to higher food and energy prices. This has increased the cost of living and reduced consumer purchasing activity, supporting the downward trend in the price of Metoprolol Succinate. In addition, the appreciation of the Euro against the US dollar in June made imports cheaper and also increased the supply of metoprolol succinate in the German market. This puts additional downward pressure on prices.
For the Quarter Ending March 2023
North America
The first quarter of 2023 saw a decremented price trend for Metoprolol Succinate because of decreased domestic demand coupled with adequate supplies among the market participants. In Early January, prices displayed an incremented trend which was balanced with the supplies among the local merchants. Also, an easing of trade activity and an improvement in inflation had an impact on the general market trend. Moreover, from the start of February till the termination of Q1, the markets in the U.S. improved to some extent; however, the demand from various sectors decreased owing to which domestic retailers pulled back their newer orders from export nations and focused on destocking their piled-up stocks. Overall, the prices for Metoprolol Succinate were assembled at USD 66000 /MT CFR Los Angeles in the United States.
Asia Pacific
In the APAC region, Metoprolol Succinate prices witnessed a decrement throughout the first quarter of 2023. During the first half of the first quarter of 2023, the market sentiments somewhat improved in China during the holiday-shortened month of January, majorly because of higher demands following the Lunar New Year as both consumption and production increased significantly as the government abandoned its zero-COVID policy. Following February, the prices started to decline at a moderate rate and continued to follow a similar trend until the final week of March 2023. This propels the manufacturers to reduce their production activity and destock the inventories to maintain their profit margin. With this, the prices of Metoprolol Succinate in China were recorded at USD 64700/MT FOB Shanghai,
Europe
In Europe, the price for Metoprolol Succinate tumbled throughout the first quarter of 2023, following the trend of the APAC region. A decline in demand from the end-user industry, a weaker consumer index, and higher stockpiles were some of the factors that kept the prices of Metoprolol Succinate in the downward direction. However, cheaper imports from the APAC region still did not affect the overall market trend of Metoprolol Succinate this quarter. As February draws near reduction in freight charges owing to ease in the logistical problems with more than enough cargo capacity on ships and no longer any traffic at German ports did not affect the market trend because the inquiries remained on the lower side. Overall, consistent feeble demand and lower customer interest resulted in higher stockpiles of Metoprolol Succinate among the market players, which in turn supported the decremented price trend in Germany. With this, the prices for Metoprolol Succinate were settled at USD 3200000/MT CFR Hamburg.
For the Quarter Ending December 2022
North America
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.
APAC
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.
Europe
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.
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.
