For the Quarter Ending December 2022
North America
The fourth quarter of 2022 started with the stable price trajectory of Pantoprazole Sodium in the United States. Demand from the downstream sector inclined slightly as compared to the third quarter of 2022, which supported the market sentiments of Pantoprazole Sodium.
Additionally, as consumers held off on major purchases because of the US market's rising inflation, the offtakes declined considerably with the start of December. Improved supply chains, with ease in port congestion and slowing demand from higher borrowing costs, kept Pantoprazole Sodium prices on a lower end by the end of the fourth quarter of 2022. With the termination of Q4, the prices of Pantoprazole sodium were assembled at USD 85750/MT CFR Los Angeles.
Asia- Pacific
In Asia Pacific, primarily in China, the prices for Pantoprazole Sodium witnessed an incremented trend with the start of October on account of increased end-user demand. Continuous zero covid policies and halted manufacturing activities supported the market sentiments of Pantoprazole Sodium within the domestic market. Furthermore, at the beginning of December, the prices started to drop considerably as a sharp rise in cases of Covid infection- a new, highly contagious sub-variant of Omicron, in China has significantly raised the threat to global supply chains. Market players and traders reduced their further orders, thereby affecting the overall marker trajectory of Pantoprazole Sodium. With the end of the final quarter of 2022, the prices of Pantoprazole Sodium were assembled at USD 78150/MT FOB Shanghai.
Europe
The prices of Pantoprazole Sodium in the European region mimic a similar trend during the fourth quarter of 2022, as in the United States. Downstream demand within the domestic market inclined moderately until the mid of the fourth quarter, keeping the prices on the higher side. Due to some ease in supply disruption, trade flows partially restarted in Germany and the rest of the Eurozone, but this does not signify a stable set of market fundamentals as the requirements for Pantoprazole Sodium witnessed was on the lower end. However, given the current economic difficulties, the end-user industry's demand for goods and services remained subdued for a while. Also, Weaker buying tendencies from the customers supported this declining market sentiment. With this, the prices of Pantoprazole sodium in Europe were demonstrated at USD 87950/MT CFR Hamburg.
For the Quarter Ending September 2022
North America
The prices of Pantoprazole sodium showcased a declining trend in the North American region throughout the third quarter of 2022 due to weaker downstream demand from the end-user pharmaceutical sector. Moreover, affected trading activities from China, one of the major exporters of Pantoprazole sodium to other regions, and the imposition of zero covid policy supported the declining market trends for Pantoprazole Sodium in the United States. Following the mid of Q3, the prices went down continuously, leading to stockpiling of products with domestic merchants. Moreover, towards the termination of Q3, the values of Pantoprazole Sodium witnessed were assessed at USD 86450/MT CFR Los Angeles.
Asia- Pacific
The prices of Pantoprazole sodium witnessed a bearish sentiment during the third quarter of 2022. However, at the start of Q3, the prices of Pantoprazole sodium witnessed a slightly inclined state and were settled at USD 83482/MT FOB Shanghai owing to ease in China’s manufacturing activities at a slower pace. Further, in mid-Q3, the prices dropped again due to an outbreak of Covid-19, affecting its domestic and regional markets. This month, the prices went down at a higher rate because the suppliers reduced their prices to clear out their inventories. With the termination of Q3, the prices of Pantoprazole sodium were settled at USD 78000/MT FOB Shanghai.
Europe
The prices of Pantoprazole sodium in the European region witnessed a declining trend in Q3 2022. Weaker buying tendencies from the customers supported this declined market sentiment. In addition, fewer queries from the domestic market resulted in reduced trading activities and stockpiled cargoes, another factor for the price declination of Pantoprazole sodium in the regional and domestic markets. Moreover, piled up of stocks with the suppliers propelled them to reduce prices to destock their inventories and maintain their profit limits. Altogether, the prices of Pantoprazole sodium settled at USD 88320/MT CFR Hamburg by the end of September.
For the Quarter Ending June 2022
North America
The prices of Pantoprazole sodium showcased a stable to declining trend in the North American region during the second Quarter of 2022, backed by various factors including lower demand, decreased higher inventories, and weaken trading activities. Further, the supply disruption from exporting countries such as China amid low downstream demand from Various Pharma and Biopharmaceutical sectors resulted in weaker production costs that positively affected the market of Pantoprazole sodium. Hence, the prices of Pantoprazole sodium settled at USD 92100 /MT CFR Los Angeles by the end of June.
Asia- Pacific
The prices of Pantoprazole sodium witnessed a bullish sentiment during the second quarter of 2022, backed by its increased demand from various end-user Pharmaceutical and Biopharmaceutical enterprises. The Healthy purchasing activities from the various regional and international markets boosted the prices of Pantoprazole sodium. In addition, heightened exporting activities were observed from India being the primary export of Pantoprazole sodium to other regions, which augmented its costs in the market. Further, the port congestion and supply disruption amid Increasing downstream demand resulted in the price hike of Pantoprazole sodium. Furthermore, the prices of Pantoprazole sodium declined with the ending of Q2 and were settled at INR 5650000/MT Ex-Vapi by the end of June.
Europe
The Pantoprazole sodium Market witnessed a decrement price trend during the Second Quarter of 2022 in the European market. Weak upstream Crude oil prices, regional demand resulted in the decreased prices of Pantoprazole sodium in the market. In addition to that halted trading activities, stockpiled cargo reduced the freight charges, another factor for the price declination of Pantoprazole Na. in the regional and domestic market. Moreover, the lower demand from downstream sectors caused a piled up of stocks with the suppliers, which resulted in the reduction of the cost in order to destock their inventories. Altogether, the prices of Pantoprazole sodium settled at USD 97350/MT CFR Hamburg by the end of June.
