The Doxycycline Hydrochloride market showcased mixed sentiments during the fourth quarter of 2022 in the North American region. The Doxycycline Hydrochloride prices in the United States inclined till November and resumed their downward momentum in December. The reason behind an overall increase of 3.8% till November was surging demand from the downstream pharmaceutical and healthcare industries amidst high purchasing activities and limited inventories. By the termination of the fourth quarter, Doxycycline Hydrochloride prices declined by 4.1% owing to low offtakes for the product from regional buyers considering the weak demand. The CFR prices for Doxycycline Hydrochloride were assessed at USD 83550/MT in the United States at the end of the quarter.
During the final quarter of 2022, the Doxycycline Hydrochloride market showcased an overall fluctuating pricing trend in the Asia-Pacific region. In the Chinese market, the prices dropped considerably with the onset of Q4 due to enough inventories with the local vendor amidst slow offtakes from downstream producers. However, the demand in mid-Q4 went on the higher side with lower stocks. Some production activities decreased owing to the lockdown in Shanghai with rising COVID cases, propelling the manufacturers to increase their rates to gain profits considering low inventories. Therefore, the Lopinavir API market dynamics got stable on the lower side over the end of Q4 in China, with FOB Shanghai prices settling at USD 66255/MT.
In Europe, the prices of Doxycycline Hydrochloride fluctuated during the Q4 of FY2022, resembling the North American market price trend. The primary reason for these fluctuations was the constant alteration of supply and demand dynamics. Additionally, fluctuations in trade frequency from China during the whole quarter also affected the market value of Doxycycline Hydrochloride. The slow offtake from downstream pharmaceuticals and healthcare industries was one of the factors behind this flutter price trend of Doxycycline Hydrochloride. Also, the inventories among domestic merchants hovered, which also influenced the mixed market sentiments of Doxycycline Hydrochloride in Europe. Thus, the CFR prices of Doxycycline Hydrochloride in Germany settled at USD 88860/MT in December.
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