North America
In the fourth quarter of 2022, North America's Diclofenac Sodium Prices experienced fluctuations. Prices began to climb in Q4 2022 and continued to do so throughout the second month of the fourth quarter due to high manufacturing costs, numerous logistical issues, and rising inflation. The US inflation Soared to 8.2% in October 2022. Additionally contributing to the price fluctuation were rising transportation costs and port congestion at the major ports. However, Prices began to decline later in December due to weaker inflation (the US inflation rate was 7%, down from 8.2% in October) and decreased end-user sector demand as the holiday season approached. In December, the Diclofenac Sodium API settlement price fell to USD 14720/MT CFR in Houston.
Asia
The Diclofenac Sodium API market in the fourth quarter of 2022 in Asia Pacific was very volatile. Price increases were observed up until the second month of the quarter as a result of increased end-user sector demand, various logistical difficulties, and rising inflation. Both the 2.8% increase in China's consumer price index and the 0.9% increase in the producer price index (PPI) had an effect on the market. Investor confidence and the country's economic operations have both been significantly impacted by China's "Zero-Covid" policy to date. Due to growing production costs driven by rising energy prices as well as increased domestic production to meet demand from both domestic and international markets, the market remained competitive. Later in December, as domestic merchants had sufficient stock on hand, Diclofenac Sodium API prices did begin to decline. The market's ongoing decline was also influenced by the policies being relaxed and the weak downstream demand. In December, the settlement price for Diclofenac Sodium API fell to USD 13850/MT FOB Shanghai.
Europe
Prices for Diclofenac Sodium API in the fourth quarter of 2022 demonstrated turmoil across the European continent. In the first two months of Q4 2022, supply disruption and persistent port congestion in the European region led to price increases. Additionally, in October 2022, the annual inflation rate in Europe increased to 10.6% from 9.9% in September. Due to the impending Christmas season, retailers in Europe have decided to restock their inventories substantially. However, prices decreased dramatically in December on the back of a fall in inflation (The euro area annual inflation rate was 10.1%, down from 10.6% in October), relief from port congestion, a slight increase in existing inventories among the merchants, and a considerable decrease in the freight charges keeping the market at ease. The cost of Diclofenac Sodium API was USD 15060/MT CFR Hamburg toward the end of Q4 2022.
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