Global Levocetirizine Di-Hydrochloride Prices Drop Down Steadily at the Beginning of Q2 2023

With the commencement of the second quarter of 2023, the prices of Levocetirizine Di-Hydrochloride decreased across the global market in forthcoming months. Steady falling domestic demand coupled with lessening trading activity supported the weak market sentiments during this month. 

Participants in the market attributed a weak demand for downstream goods, which has led to a sufficient supply, to the deteriorating market mood for Levocetirizine Di-Hydrochloride across the APAC region, particularly in China. Levocetirizine Di-Hydrochloride's price fell by 0.89% in April, compelling the market participants to reduce spending and focus on the destocking process to maintain their profit margin. Additionally, the lower trade momentum that has led to vessel clustering and irregularity in export momentum has been supported by the price trend in April. Furthermore, several producers, suppliers, and industry professionals decreased their domestic prices in order to reduce stocks and draw in overseas customers.

Prices for Levocetirizine Di-Hydrochloride demonstrate a decremented market sentiments in other regions as well, such as in European and American markets. Because demand from the local market fell short of expectations compared to previous months, retailers and suppliers were obliged to cut their pricing for accumulated stocks of Levocetirizine Di-Hydrochloride in order to balance their profit margins overall for the month of March 2023.

According to ChemAnalyst, Levocetirizine Di-Hydrochloride prices are expected to drop at a consistent rate in both the domestic and international markets, and market participants may have enough inventory on hand to fulfill urgent orders placed across the global market in the forthcoming months as well. In response to a decline in inquiries and high energy prices, the exporting market will probably slow down its production momentum and focus on clearing out the stockpiles piled up at the ports. Additionally, fluctuating upstream costs are further anticipated to support the market sentiments of Levocetirizine Di-Hydrochloride across the global market.