For the Quarter Ending December 2022
North America
The Penicillin G Sodium market started on a positive attitude and ended on a weaker side within the North American region during the final quarter of 2022. The increased end-user demand from the pharmaceutical sector and a lack of supply from the providers have immensely contributed upsurged price trend of Penicillin G Sodium in the United States. Additionally, the geopolitical tension between Russia-Ukraine, healthy consumer interest, and protracted supply disruption have further aided this price enhancement in the US. However, following mid-q4, Supply chain disruption decreased rapidly over the six months to November and appeared to be stabilized, across multiple measures, including shipping prices. With this, the cost of Penicillin G Sodium was recorded at USD 43205/MT CFR Houston in the United States.
Asia Pacific
Prices for Penicillin G Sodium began to rise at the beginning of October 2022 throughout the Asia Pacific region, most notably in China and ended on a bearish note due to an increase in demand. Ongoing zero COVID policies and disrupted trade activities additionally supported the market sentiments of Penicillin G sodium within the Chinese market. With this, the cost of Penicillin G Sodium was displayed at USD 38205/MT FOB Shanghai. In addition, prices began to decline sharply at the beginning of December 2022 on the back of increasing Covid infections in China, which had considerably affected the price trends of Penicillin G Sodium.
Europe
Prices for Penicillin G sodium in the European region during the fourth quarter followed a similar trend to those in the US. Due to the domestic market's somewhat skewed downstream demand up until the middle of the fourth quarter, prices stayed on the higher side, with the settlement at USD 47255/MT CFR Hamburg. Moreover, with a sudden surge in COVID-19 cases in the Chinese market, the trade flow between Europe and China started to get slower. The current economic challenge with the conclusion of the fourth quarter did, however, cause the demand for goods and services from the end-user industry to remain subdued. Additionally, lower consumer spending habits supported this unfavorable market attitude.
For the Quarter Ending September 2022
North America
The prices of Penicillin G Sodium witnessed in the United States commenced on a weaker note during the first half of the third quarter, which was followed till the mid of Q3, and it got settled at USD 38260/MT CFR Houston. This price trend was supported by the weaker demand from the end-user pharmaceutical sector. Local vendors had enough stockpiled inventories to meet the overall demand side. Furthermore, halted trading momentum from the exporting countries, particularly China. Further, towards the termination of Q3, the prices of Penicillin G Sodium skyrocketed with a percentage of 6.01 and were assessed at USD 40560/MT CFR Houston in the United States.
APAC
In the Asia Pacific region, the prices of Penicillin G Sodium showcased an incremented trend during the third quarter of 2022. Offtake from various downstream pharmaceutical sectors was one of the important factors driving the prices of Penicillin G Sodium API in the Chinese market. Moreover, the prices were reduced during the H1 of the third quarter owing to weaken demand from end-user sectors. The prices rose significantly in China, with the settlement of USD 36560 /MT FOB Shanghai at the end of the third quarter. China being the major exporter of API, disrupted climatic conditions, admitted of Hurricane, halted production activities affected the overall trading activities, which in turn supported the price value of Penicillin G Sodium in the region.
Europe
The European region witnessed an upward pricing trajectory during the third Quarter of 2022. The prices increased significantly owing to incremented downstream demand from various end-user Pharmaceutical enterprises. Initially, the prices went down in July 2022, which then inclined significantly during the mid-q3 till the end of the third quarter. Furthermore, halted manufacturing activities, disrupted trading momentum, and climatic changes from China, one of the significant exporters, affected the overall market sentiments of Penicillin G Sodium in Germany. Overall, the prices displayed for Penicillin G sodium towards the end of September were assessed at USD 45576/MT CFR Hamburg.
North America
Penicillin G Sodium witnessed mixed pricing sentiments in the North American region during the second Quarter of 2022, backed by its reduced downstream demand from various end-user enterprises leading to sufficient inventories with the suppliers. Amidst the Covid pandemic in China's various states, including Shanghai and Beijing, the temporary shutdown of manufacturing units and US imports from China significantly affects the sentiments of the Penicillin G Sodium market. Furthermore, with the onset of Q2 the prices increased for Penicillin Sodium in the domestic market due to which the local merchants increased their stocks capacity. With the ending of first half of q2 the prices started to decline owing to weaken demand which resulted in the stockpiling of inventories with the suppliers. The price in the second quarter of Penicillin G Sodium were settled at USD 39140/MT CFR Houston.
Asia Pacific
The market trend for Penicillin G sodium exhibited a negative price sentiment in the second quarter of 2022, backed by demand from the downstream pharmaceutical sector that remained at a slower pace. China – the world's largest producer of Penicillin G Sodium, restrictions in trading activity and delayed shipment affect the price value for Penicillin in importing countries. Moreover, the reduced downstream demand caused a reduction in the manufacturing process leading to stockpiled inventories for the API with the traders. Muted logistic activity by China’s ineffective zero-tolerance rule & limitations affected the price of Penicillin G Sodium in the market. The price in the second quarter of Penicillin G Sodium went down in China's FOB Shanghai with the settlement of USD 34550/MT FOB Shanghai.
Europe
Penicillin G Sodium prices followed similar market sentiments in its price in Europe during the second quarter of 2022 as compared with the North American region as the demand went down from various downstream sectors. Traders had sufficient inventories with the expectation of higher demand, and the prices fell. The demand reduction forced the Suppliers to reduce their Profit margin to destock their inventories in the market. Also, the weakened trading environment led to stockpiling of shipments and rerouting activities amid the Russian-Ukraine continual war affecting the price trajectory of Penicillin G Sodium in the importing countries. The price in the second quarter of Penicillin G Sodium went down in Germany with the settlement of USD 43940/MT CFR Hamburg.
