Downstream Demand Strengthen Levofloxacin Hemihydrate Cost in the US

In the US, Levofloxacin Hemihydrate prices countersign an upsurge trend throughout November 2022 because of healthy downstream demand, pretentious trading activities, and a lack of stocks with market participants. Also, inflation frosted slightly from the start of October 2022 and continues till this month, without change in the cost of all the commodities, including Levofloxacin Hemihydrate.

Consistent increased demand forced the market players to raise their quotations to cope with the surge in its requirements. Higher energy costs supported the rise in the operation and input costs, which also reinforced the pricing sentiments of Levofloxacin Hemihydrate in the US. Compared to the previous month, where the cost of Levofloxacin Hemihydrate showcased an increasing trend of 3.24 percent, its price rose by 1.96 percent more this month, i.e., November 2022. Moreover, the supply disruption from exporting countries added another factor in the increased prices of Levofloxacin Hemihydrate in the US.

Other significant factors for the price increase of Levofloxacin Hemihydrate in the domestic and international markets included the ongoing geopolitical tension between Russia and Ukraine, difficulties in the logistics sector, including rerouting activities, and port congestion at various ports in the US. Strict covid regulations in China, a major exporter of Levofloxacin Hemihydrate, have considerably impacted the momentum of trade and manufacturing in various other regions, including the US.

Besides that, increased customer inquiries propelled the local suppliers to focus on increasing their inventory levels and prices simultaneously to meet up with the necessities and gain their profit margins.

According to the Chemanalyst: “The price of Levofloxacin Hemihydrate is expected to decline again considerably in the upcoming months. Market players are expected to have a dozen of inventories with them, further propelling them to reduce the prices and destock the inventories. Trading momentum might remain affected admits to weak demand and transportation activities.