For the Quarter Ending December 2022
In the fourth quarter of 2022, the price of Vancomycin Hydrochloride increased from $718525/mt to $730650/mt in October and November before falling to $705755/mt in December. China's Golden Week during the first week of October prevented the importation of Vancomycin Hydrochloride from that nation. Due to their huge inventories, domestic suppliers were able to meet the total demand during most part of the quarter, and also, offtakes in the end-user industries remained above average. The second part of the quarter saw a shifting pattern in the market for Vancomycin Hydrochloride because of the sudden rise of Covid cases in China. The supply chain did, however, gradually improve in the second half as the economy expanded, and there was a considerable drop in ship traffic at the ports.
Vancomycin Hydrochloride prices in China showed a decreasing price trend during the fourth quarter of 2022 in the Asia Pacific region, with FOB Shanghai values falling from $647455/mt to $606455/mt from October to December. The orders for China's API sector producing Vancomycin Hydrochloride declined steadily during the first week of October as a result of the shutdown of industrial facilities for the Golden Week. It was challenging for the market to catch up to the small rise seen in some downstream industries during the first part of Q4 because Chinese traders had to deal with a range of contradicting signals after a one-week break. However, positive demand kept the market afloat. Large inventory allowed domestic producers and suppliers to meet the total demand for the whole quarter. In reaction to criticism and severe turmoil in the country, the administration revised its zero-covid policies, making the country vulnerable yet again.
Vancomycin Hydrochloride costs decreased in Europe in the fourth quarter of 2022, with CFR Hamburg values falling from $735110/mt to $720405/mt between October and December. Demand from the overseas market was stronger during the first half of the quarter than it was in December due to the unexpected increase in covid cases, which caused a gradual decline in demand. Domestic demand for Vancomycin Hydrochloride in Germany remained strong during the quarter despite rising energy and raw material costs.
For The Quarter Ending September 2022
The prices of Vancomycin Hydrochloride fluctuated in the North American market throughout the third quarter of 2022, backed by wavering downstream demand from the pharmaceutical sector. The market value of Vancomycin Hydrochloride decreased in August due to reduced demand from the downstream pharmaceutical industry. Also, with enough existing inventories among domestic merchants and traders, the Vancomycin Hydrochloride API market was feeble. Overall, throughout Q3 2022, the prices increased with rising inflation in the US market, keeping the market sentiments robust. The input cost and firm operational rates propelled the market to witness decreasing trajectory. High input costs and increased freight charges positively supported the vancomycin hydrochloride prices in the domestic region. With the termination of Q3, the prices settled at USD 705530/MT CFR Los Angeles with an average quarterly inclination of 1.20%.
The third quarter of 2022 saw conflicting emotions in the Vancomycin Hydrochloride market. Production in Chinese provinces ceased at the start of Q3 2022 due to adverse weather conditions and the ramifications of the strict zero-covid rule. Due to sluggish pharmaceutical industry demand, prices abruptly dropped. Due to consistent demand and supply market sentiments through the conclusion of the second month of Q3, the price trend remained downward. The destocking of the current supply also impacted the pricing of Sulfamethoxazole. Price increases in Asia-Pacific started in the third month of Q3 2022 due to supply chain disruption and unbalanced shipments. In addition, many changes in supply and demand throughout the quarter impacted domestic market prices for vancomycin hydrochloride. The value reached USD 630460 /MT at the end of Q3, with an average quarterly declination of 0.99%
Due to irregular downstream demand, Vancomycin Hydrochloride market prices fluctuated in the European countries during the third quarter. The market value of Vancomycin Hydrochloride first increased in July, then decreased in August, and then expanded once more in September. Altogether the market trend declined in the third quarter of 2022. The significant fall in the prices of Vancomycin Hydrochloride API was backed by decreasing demand from the pharmaceutical industry. Also, enough inventories among the domestic merchants and suppliers forced them to lower their quotations to maintain the margin. Also, rising inflation propelled decreasing demand from the consumer’s end. With the termination of Q3, the prices settled at USD 720115/MT CFR Hamburg with an average quarterly declination of 0.67%.
The prices of Vancomycin Hydrochloride fluctuated in the North American market all through the second quarter of 2022, backed by flickering downstream demand. The market value of Vancomycin Hydrochloride increased in April and dropped in May, only to start surging again in June. The offtake of Vancomycin Hydrochloride increased in the market due to inclined demand from the pharma sectors to treat certain bacterial infections. Also, the cost of feedstock Hydrochloric Acid was see-sawing throughout the quarter, which eventually impacted the market sentiments toward Vancomycin Hydrochloride. Altogether, the market scenario of Vancomycin Hydrochloride was changing every month due to several changes in demand and supply dynamics. With the termination of q2, the prices settled at USD 681080/MT CFR Los Angeles.
The pricing trend of Vancomycin Hydrochloride was different in major Asian countries such as India and China. In India, the value of Vancomycin Hydrochloride declined in April and soared drastically in May and June. The major reason behind the sudden incline in Vancomycin Hydrochloride was incrementing downstream inquiry for the product in the domestic market. Whereas, in China, all through the second quarter, prices for Vancomycin Hydrochloride in the market varied due to erratic downstream demand. Vancomycin Hydrochloride's market value first rose in April, then fell in May before rising once more in June. Vancomycin Hydrochloride's market uptake expanded because the pharmaceutical industry tended to use it to treat specific bacterial diseases. Due to several supply and demand shifts, the Vancomycin Hydrochloride market environment was changing each month. With the termination of q2, the prices settled at USD 650870/MT FOB Shanghai in China.
Due to irregular downstream demand, Vancomycin Hydrochloride market prices fluctuated in the European countries during the second quarter. The market value of Vancomycin Hydrochloride first increased in April, then decreased in May, and then expanded once more in June. Because the pharmaceutical sector frequently employs Vancomycin Hydrochloride to treat bacterial infections, its market penetration increased. Hydrochloric acid's price as a raw material also changed throughout the quarter, which impacted its costs and, eventually, Vancomycin Hydrochloride demand. The entire market environment for vancomycin hydrochloride was changing each month because of multiple changes in supply and demand dynamics. With the termination of q2 the prices settled at USD 736160/MT CFR Hamburg.