For the Quarter Ending December 2022
North American region, particularly the USA, witnessed an inclined price trend for Minoxidil during the start of October. Increased end-user demand balanced with enough supplies among the market participants kept the prices of Minoxidil on the higher side. Slowing economic activity amid rising borrowing costs, Consumer spending, which edged up 0.1% after surging 0.9% in October, and ease in trade disruption along with shipment cost supported the market sentiments of Minoxidil in the USA. Towards the mid of the fourth quarter till the end of 2022, the prices fell significantly, backed by decremented inquiries coupled with the temporary shutdown of the domestic market owing to New-year holidays. With this, the market of Minoxidil API ended 2022 with the settlement of USD 152350/ MT CFR Los Angeles
The prices of Minoxidil plummeted at the end of 2022 in the Asia Pacific region, primarily in China. With the start of the fourth quarter, i.e., during October, the prices of Minoxidil demonstrated a positive market outlook as the demand inclined considerably with an increase in supply chain activity. Following November, demand in China started to drop gradually, with sufficient stocks among the market participants to meet all immediate orders. The price of Minoxidil got settled at USD 144150/MT FOB Shanghai. Following December, an outburst of lockdowns of COVID-19 muted economic output and affected the market sentiments of all commodities, including Minoxidil, in China.
During the fourth quarter of 2022, the European market for Minoxidil witnessed a mixed market trend in the European region, primarily in Germany. The market initially started on a healthy note up to November as the demand from the end-user sector pharmaceutical industry inclined balanced with the overall supplies among the market participants. After November, demand for Minoxidil decreased considerably, keeping the prices on the lower side. With this, the prices of Minoxidil at the end of the fourth quarter were gathered at USD 150780 /MT CFR Hamburg in Germany. At the same time, Fresher quotations from, Traders and inquiries from suppliers decreased in December of 2022 because of higher stock reserved with market players due to the market's brief closure on account of Christmas and New Year's eve.
For the Quarter Ending September 2022
During the third quarter of 2022, the prices of Minoxidil API showcased a mixed market trend in the North American region. Owing to the consistent downstream pharmaceutical sector demand. Furthermore, market participants had enough stock to cater to the region's overall requirements. Sturdy demand for the product in the third quarter resulted from a balance between the observed supply-demand side. Hampered transport and production activities due to the COVID-19 lockdown curbs in China caused disruptions in the supply chain between USA and China, supporting the increased pricing trend for Minoxidil API in the mid of the third quarter. Besides that, the prices seen in September declined significantly and got settled at USD 154300/MT CFR Los Angeles in the United States.
APAC region witnessed a declining trend in the prices of Minoxidil during the third quarter. Exports from India and China were on the weaker side, resulting in downstream stockpiling with the traders and domestic Suppliers. However, at the onset of the first half of q3, the prices went high on the stable side, with steady demand balanced with the supply side. Furthermore, a declining market trend was observed in the Chinese market during the mid q3. Due to the surge in COVID cases, an Implementation of another lockdown crippled the supply chain and supported the disturbance in the market in q3, which in turn kept the prices of Minoxidil on the lower side with the settlement of USD 145450/MT FOB Shanghai.
In the third quarter of 2022, the prices of Minoxidil API in the European region showed a decreased price trajectory owing to the weak downstream pharmaceutical sector demand. Furthermore, the declined customer interest propelled market players to reduce prices and maintain profit margins. Sturdy demand for the product in the mid-third quarter resulted from a balance between the observed supply-demand side. Additionally, owing to the lockdown condition in the Chinese market, the demand witnessed was on the lower side, and domestic merchants had enough inventories to cater to the overall requirements. Besides that, the prices seen in August have settled at USD 152600/MT CFR Hamburg in the German market.
For the Quarter Ending June 2022
In the North American market, prices of Minoxidil followed the stabled market sentiments during the second quarter of 2022 as the demand from end-use businesses remained on the steady side. API availability with the domestic supplies remained sufficient which can meet the overall demand, keeping the market sentiments on the positive side. Furthermore, with the consistent demand, continuous transportation from exporting countries witnessed was on the stable side, keeping the Minoxidil market positive. Towards the termination of Q2, the prices witnessed for Minoxidil were settled at USD 153850/MT CFR Los Angeles in the United States.
In the second quarter, the market prices of Minoxidil observed mixed sentiments in the regional market owing to the declining demand for the product from end-use businesses. Towards the start of the quarter, the market prices declined as the demand for Minoxidil diminished in the regional market. China couldn't supply the feed to other importing countries as the country remained silent throughout the quarter. The prices regained their strength from mid-quarter as the production cost escalated in the regional market. Another key factor governing the Asia Pacific market is the high energy cost of the Asian market. With this, at the end of q2, the prices remained steady owing to consistent demand, and the prices were settled at USD 149000/MT FOB Shanghai in China.
In the second quarter of 2022, the prices of Minoxidil remained on the weaker side in the European market as the demand from end-use consumers reduced significantly. Weak upstream Crude oil prices and regional demand resulted in the decreased prices of Minoxidil in the market. In addition to that, fewer queries from the domestic market resulted in reduced trading activities and stockpiled cargo which was another factor for the price decline of Minoxidil in the regional and domestic markets. Moreover, piled up of stocks with the suppliers propelled them to reduce prices to destock their inventories and maintain their profit limits. Altogether, the prices of Minoxidil settled at USD 169740/MT CFR Hamburg by the end of June.