Metformin Hydrochloride Price Trend and Forecast

North America

The price trend for Metformin Hydrochloride experienced a decreasing trajectory in the third Quarter of 2022. Metformin Hydrochloride was among the Active Pharmaceutical Ingredients (API) whose imports into the US were severely constrained due to China's zero-covid policy. Due to the heat wave and a power shortage, several Chinese industrial facilities were forced to shut down in the second half of Q3, which had a detrimental impact on US business. The nation's declining demand for Metformin Hydrochloride was attributed to several issues by various industries and experts, including inflation, supply shortages, and the country's excessive loan rates.

Asia- Pacific

The third Quarter of 2022 saw a decline in the Metformin Hydrochloride Price in the Asia Pacific market. During the first half, the commodities were only seen being purchased by significant suppliers for immediate consumption, with FOB Shanghai prices settling at USD 5200/MT in July. The weak downstream demand and the below-average offtakes were to blame for this. During the first half's conclusion, COVID-19 flare-ups were put out in several industrial hubs, and as a result, industry chains suddenly reopened, delivering profits to those firms. However, after the markets were reopened in mid-quarter, certain API production facilities carried out maintenance, resulting in reduced quantities of Metformin Hydrochloride. Later, low downstream demand on the domestic market forced prices to drop and settle at USD 4860/MT in September.

Europe

The third Quarter of 2022 saw a dip in sentiments on the German Metformin Hydrochloride market, with values for CFR Hamburg assessed at USD 4280/MT in July before falling even more in September at USD 4050/MT. During this quarter, Germany's logistics issues made a slowdown in the economy worse because transportation bottlenecks persisted. Ongoing lockdowns worsened the situation in Europe in Chinese ports and the conflict between Russia and Ukraine. Domestic merchants lowered their pricing for Metformin Hydrochloride in the second half of the quarter due to the overflowed inventories in the market amidst low demand from end-user pharmaceutical and nutraceutical companies.

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