Lincomycin Hydrochloride Price Trend and Forecast

North America

In the third quarter of 2022, the Lincomycin Hydrochloride Price in North America showed a downward trend. However, throughout the first half of the quarter, the domestic market had an adequate supply of inventories to fulfill domestic demand from the end-user industries. Due to the heat wave and power shortage, several industrial facilities in China were forced to close during H2 of Q3. Several API manufacturing sites were under maintenance, negatively affecting US trade. Several businesses and industries blamed various factors for the drop in demand in the US, including the lasting effects of high inflation, supply shortages, rising interest rates, and increased uncertainty on the prognosis for the economy.

Asia- Pacific

The market for Lincomycin Hydrochloride in the Asia-Pacific region declined in the third quarter of 2022. In the Chinese market, FOB Shanghai prices decreased from USD 33450/MT to USD 31700/MT from July to September. Low raw material prices, subdued consumer spending, and slow end-user sector demand are some factors that have driven this price trend. Distributors only made orders for urgent use during the first half of this quarter due to the weak offtakes and the lackluster downstream demand. However, after the shutdown, several factories required maintenance, which impacted both local and international suppliers' availability of Lincomycin Hydrochloride, which occurred in the final week of July. Extreme weather and power outages have a further detrimental effect on China's market dynamics.

Europe

Prices for Lincomycin Hydrochloride in Germany decreased from USD 40360/MT to USD 39000/MT between July and September, signaling a reduction for the third quarter of 2022. Prices decreased with subdued market sentiment due to a decline in demand from the downstream pharmaceutical and nutraceutical sector. Also, abundant inventories were there to meet the overall demand resulting in a plunge in prices of Lincomycin Hydrochloride in the German market. This quarter, the logistical issues brought on by continued transportation delays and lengthy port congestion worsened Germany's economic crisis. The ongoing port restrictions in China and the unrest in Russia and Ukraine have worsened the business climate in Europe.

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