For the Quarter Ending September 2022
North America
The prices of Povidone experienced a downward trend due to feeble sentiments in the US market. Povidone price commenced the month on a negative note, with low to no demand with existing supplies in the US region. In the third month of Q3, the prices increased marginally due to increased production costs. Furthermore, increased freight charges also affected the Povidone market in the US market. Rising inflation further added to the tight market sentiments in the other half of Q3. Towards Q3 2022, the prices witnessed lowering values due to stable demand, and existing inventories, with values accessed at USD 10850/MT with an average quarterly declination of 0.89%.
Asia
Starting with the third quarter of 2022, the Povidone market in the Asia Pacific region experienced an inclined price trajectory. Stable demand sentiments from the end-user pharmaceutical sector kept the market tight. Also, adverse weather conditions and production units in the major exporting countries going under complete shutdown under the influence of zero covid policy affected the supply chain in the Asia Pacific region. Later with the commencement of the second half of Q3 2022, the prices reduced with lowering demand sentiments in the Asia Pacific region. Towards the termination of the third quarter of 2022, the values accessed USD 9065/MT, with an average quarterly inclination of 0.93%
Europe
Povidone market dynamics witnessed a downward trend on the back of low to no demand from the downstream medical industry and other pharmaceutical sectors. The Povidone market started with stable market sentiments on steady demand and stable production. Later, with the commencement of the second half of Q3 2022, the price decreased considerably due to lower demand from the end-user sector. With rising inflation, domestic merchants were forced to lower their quotations to enhance demand from the consumer sector. The supplies were left with enough existing inventories, further propelling them to decrease the prices. Toward Q3 2022, with enough supplies and sufficient inventories, Povidone prices decreased in the domestic market with values accessed at USD 10970/MT with an average quarterly declination of 2.33%.
For the Quarter Ending June 2022
North America
During the second quarter of 2022, the Povidone market has been termed accelerating in the North American region owing to a slight increase in demand fundamentals. Demand from the downstream pharmaceutical and other industries increased with gradual stabilization throughout Q2 2022. Povidone is used as an excipient in treating infections, in adhesives and coatings, etc. The borderline fluctuation on the higher side was experienced as global imports and export remained weak. Hindered supply chain and port congestion owing to lockdown imposition in exporting countries slightly affected Povidone's prices. Towards the termination of the second quarter of 2022, the prices were recorded to be USD 11160/ton, with an average quarterly inclination of 0.89%
Asia
During the second quarter of 2022, the povidone market in the Asia Pacific region experienced an inclined price trajectory quarter. Povidone is used as an excipient in treating infections, in adhesives and coatings, etc. Strong demand from the downstream pharmaceutical and other industries has kept the market tight. Regardless of stable order, gradual fluctuations on the higher side were experienced as the global trade market remained feeble due to the conflicts between Russia and Ukraine. Due to strict policies in exporting countries, supply chain disruption and port congestion propelled domestic merchants to raise their quotations. Towards the termination of the second quarter of 2022, the prices were recorded to be INR 985400/ton Ex-Vapi, with an average quarterly inclination of 4.71%
Europe
In the European region, Povidone market dynamics were decreasing on the back of moderate demand from the downstream medical industry and other industries like pharmaceutical, etc. At the onset of the first half of Q2 2022, the povidone prices decreased owing to wavering demand. The suspended trading activities in the European continent due to geopolitical tension and strict policies imposed on major exporting Asian countries affected the Povidone prices in the second month of Q2. Towards the end of Q2 2022, with enough supplies and sufficient inventories, Povidone prices decreased in the domestic market. As a result, it prompted an unstable price trajectory, but with adequate supplies and steady demand, Povidone prices dropped towards the end of Q2 2022, with values accessed at USD 11780/MT with an average quarterly declination of 2.22%.
