Oversupplies and Sluggish Demand Lead to a Downfall in Lincomycin Hydrochloride Prices

The Lincosamide, including Lincomycin Hydrochloride, has showcased a bearish market sentiment over the last two months because of adequate supply volumes. Also, the decreased demand for Lincomycin Hydrochloride in the downstream pharmaceutical industry contributed to the price drop globally.

Lincomycin Hydrochloride prices have decreased in China by 2% because of excessive stock in the domestic market. Also, shipments got delayed, causing a backlog of deliveries piling up at the port as the country braces for Typhoon Hinnamnor. As a result of the strong storm, Shanghai suspended ferry services, and ships were returned to ports to take shelter. Also, Lincomycin Hydrochloride market sentiments have been impacted by low purchasing and selling activity across the regional market, and the manufacturers provoked to reduce their quotations.

In Germany, Lincomycin Hydrochloride prices maintain a downward trajectory, with values decreasing by 1.5% in September 2022 due to the ease in import quotation from China. Moreover, demand from the end-user sectors, such as the pharmaceutical and nutraceutical industries, remained sluggish in the European market. Therefore, market transactions were slow, and inquiries exhibited a solid wait-and-see stance.

Not just in Asia and Europe, the Lincomycin Hydrochloride market in North America has also witnessed similar market dynamics, where the prices have declined this month. According to the statistics, the United States has variations of around 2% in September 2022 due to reducing demand from the downstream pharmaceutical sector. The US market is the one to make benefit from this situation through consistent imports at relatively low prices due to high inventory levels and the necessity to destock their inventory due to seasonal shifts.

As per ChemAnalyst's analysis, Lincomycin Hydrochloride prices will likely follow a downward trend and resemble the present price trajectory in October. However, Chinese Lincomycin Hydrochloride markets will be lower in the next month. Similarly, the North American and European markets may reduce due to the typical supply-demand dynamic.