North American region, particularly the USA, witnessed an inclined price trend for Minoxidil during the start of October. Increased end-user demand balanced with enough supplies among the market participants kept the Minoxidil Prices on the higher side. Slowing economic activity amid rising borrowing costs, Consumer spending, which edged up 0.1% after surging 0.9% in October, and ease in trade disruption along with shipment cost supported the market sentiments of Minoxidil in the USA. Towards the mid of the fourth quarter till the end of 2022, the prices fell significantly, backed by decremented inquiries coupled with the temporary shutdown of the domestic market owing to New-year holidays. With this, the market of Minoxidil API ended 2022 with the settlement of USD 152350/ MT CFR Los Angeles
The prices of Minoxidil plummeted at the end of 2022 in the Asia Pacific region, primarily in China. With the start of the fourth quarter, i.e., during October, the prices of Minoxidil demonstrated a positive market outlook as the demand inclined considerably with an increase in supply chain activity. Following November, demand in China started to drop gradually, with sufficient stocks among the market participants to meet all immediate orders. The price of Minoxidil got settled at USD 144150/MT FOB Shanghai. Following December, an outburst of lockdowns of COVID-19 muted economic output and affected the market sentiments of all commodities, including Minoxidil, in China.
During the fourth quarter of 2022, the European market for Minoxidil witnessed a mixed market trend in the European region, primarily in Germany. The market initially started on a healthy note up to November as the demand from the end-user sector pharmaceutical industry inclined balanced with the overall supplies among the market participants. After November, demand for Minoxidil decreased considerably, keeping the prices on the lower side. With this, the prices of Minoxidil at the end of the fourth quarter were gathered at USD 150780 /MT CFR Hamburg in Germany. At the same time, Fresher quotations from, Traders and inquiries from suppliers decreased in December of 2022 because of higher stock reserved with market players due to the market's brief closure on account of Christmas and New Year's eve.
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