For the Quarter Ending December 2022
North America
The Ciprofloxacin Hydrochloride market began in the last quarter of 2022 on a positive note in North American due to growing demand from the end-user pharmaceutical industry, with its prices soaring to USD 35570/MT in October. Doxycycline Hydrochloride was mainly imported from China; however, the long week holiday and zero-covid regulation affected its importing activities to overseas countries.
However, prices dropped in November as retailers in the country had enough inventory to meet all downstream demand due to a resume in trade and purchasing activities. Also, suppliers reduced the price of their products by 14.7% in December 2022 due to the gloomy market dynamics. However, by the end of the quarter, the prices for Ciprofloxacin Hydrochloride settled at USD 30500/MT.
Asia- Pacific
In the fourth quarter of 2022, the price trend for Ciprofloxacin Hydrochloride in the Asia Pacific area began to decline. In China, the Golden Week vacation around the first week of October affected the manufacturing activity of plants, but it had a lower impact on inventories as orders were only coming for urgent use from both local and foreign purchasers. The domestic producers and suppliers were able to satisfy the demand due to the adequate amount of stocks on hand. Even after the vacations, some manufacturers opted to lower their operational rates due to the fallen demand from the downstream pharmaceutical industries backed by the epidemic's consequences. However, FOB Shanghai prices for Ciprofloxacin Hydrochloride moved to USD 24120/MT in December from USD 26800/MT in October.
Europe
The European market witnessed mixed sentiments in Ciprofloxacin Hydrochloride prices during the fourth quarter of 2022 due to the fluctuating downstream demand from various pharmaceutical industries. At the onset of Q4, the prices for Ciprofloxacin Hydrochloride went up significantly owing to consistent purchasing from domestic buyers. Also, the local market faced a shortage of inventories due to a long break in the supply chain from Asian nations, notably China. However, from mid-Q4, the prices started to decrease due to dull market sentiments on the back of slow demand from downstream pharmaceutical and healthcare industries. Additionally, high stock levels forced dealers to lower prices in order to empty their vast inventories deliberately. Therefore, CFR Hamburg prices of Ciprofloxacin Hydrochloride in Germany shifted from USD 35570/MT to USD 30500/MT from October to December 2022.
For the Quarter Ending September 2022
North America
The Ciprofloxacin Hydrochloride price trend in the North American region followed an escalating curve in the third quarter of 2022 due to increased demand from the downstream sector and inadequate supply among domestic traders. However, Ciprofloxacin Hydrochloride inventories were low in the local market due to reduced imports from the international market on behalf of lockdown limitations and production on stand amid maintenance work. Moreover, the purchasing activities were elevated owing to rising offtakes from end-user pharmaceutical and healthcare sectors. Therefore, the CFR New York prices for Ciprofloxacin Hydrochloride in the United States exhibited a 3.0% quarterly increment, with prices surging from USD 34120/MT to USD 35400/MT.
Asia- Pacific
In the Asia Pacific, Ciprofloxacin Hydrochloride observed beneficial market sentiments throughout the third quarter of 2022. However, FOB Shanghai prices soared from USD 32900/MT to USD 33950/MT from July to September. The strong demand from various end-user pharmaceutical and healthcare producers has supported the Ciprofloxacin Hydrochloride price trend in the Chinese market. Several manufacturing factories underwent maintenance after the lockdown restriction eased when the markets reopened at the end of July. This impacted the product supply in domestic and foreign suppliers during the H2 of the quarter. The market dynamics in China over the final weeks of Q3 were also severely influenced by extreme weather and economic issues.
Europe
In Europe, Ciprofloxacin Hydrochloride followed similar market dynamics in North America and the Asia Pacific region. However, the German market saw an incline of upto 3.1% in the price of Ciprofloxacin Hydrochloride in the third quarter of 2022, with CFR Hamburg values settled at USD 34480/MT in July and then rising even further to USD 35780/MT in September. The factors behind the price incline were deterred supplies and consistent demand from end-user industries. Also, water levels on the Rhine in Germany continue to fall in hot weather, resulting in higher shipping costs and disruption in trade activities, influencing the prices of Ciprofloxacin Hydrochloride to surge. Furthermore, rising import costs have forced domestic companies to modify their product lines to enhance profit margins.
For the Quarter Ending June 2022
North America
In the North American region, the Ciprofloxacin Hydrochloride API price trend followed an upward trajectory in the second quarter of 2022. The American market highlighted maintaining its dominance in the area on the back of the solid downstream demand from the pharmaceutical industry. Production levels for all quinolone antibiotics have been ticking upwards, which has normalized the supply fundamentals. In addition, supply chain disruptions caused by prolonged port congestion and high freight expenses with surging crude prices are also anticipated to propel growth during the quarter. In the United States, the prices for Ciprofloxacin Hydrochloride displayed a 2% increment by the end of the quarter, with values assembling at USD 42370/MT.
Asia- Pacific
In the Asia Pacific region, the prices of Ciprofloxacin Hydrochloride API witnessed a mixed sentiment in the market during the second Quarter of 2022, backed by the hovered downstream demand for Ciprofloxacin Hydrochloride API from various pharmaceutical and biopharmaceutical industries. With entering the quarter, the production rate of the Ciprofloxacin Hydrochloride API market was harmed as China enacted a lockdown to manage the outbreak. Towards the mid of the second quarter, the prices for Ciprofloxacin Hydrochloride API went high suddenly due to increased demand, leading to the shortage of supply from the regional market. In China, the FOB Shanghai prices for Ciprofloxacin Hydrochloride were assessed at USD 33100/MT at the end of the quarter.
Europe
The price of Ciprofloxacin Hydrochloride in Q1 2022 saw an upward trajectory due to consistent offtakes from the domestic market amid rising input costs. Across Europe, rising energy costs remained a major issue for producers due to the Russia-Ukraine conflict. Their significant production cost grew exponentially, which compelled them to raise their offers. It put inflationary pressure on manufacturers and pressured them to revise their spot offers to sustain margin. Delayed exports from China due to Covid restrictions on transportation led to low inventories in the regional market. Surging prices of raw material Ciprofloxacin also influenced the price trend. Thus, the prices of Ciprofloxacin Hydrochloride API in Germany settled at USD 48100/MT in June.
