Chloroquine Phosphate Prices Trend and Forecast - Delhi

Friday, 17 March, 2023

Item details

City: Delhi
Offer type: Offer

Contacts

Contact name ChemAnalyst
Phone 3333225866

Item description

In the fourth quarter of 2022, the North American market witnessed seesaw sentiments for Chloroquine Phosphate Prices due to fluctuating demand from downstream pharmaceutical industries. The prices of Chloroquine Phosphate in the US market surged in October and were assessed at USD 30800/MT but began to scale down from November. Supply chain disruptions from a major exporting country, mainly China, were noted due to the Golden week vacation in the first week of October and later Covid restrictions. However, demand from downstream pharmaceutical industries has been strong owing to limited inventories, encouraging the trader's sentiment in the domestic market. However, improvement in import frequencies from China led to adequate stock in the market. Also, The cost of shipping goods from Asia to the US went down as fears over port congestion diminished considerably. Moreover, a decrement was seen in the market dynamics due to weak demand and a dull purchasing sentiment ahead of the Christmas Holiday. Thus, the situation put pressure on the suppliers to clear out their stocks at a discounted price of around USD 28770/MT in December.

For more information
E-Mail:- sales@chemanalyst.com
websites:- httpswww.chemanalyst.com/Pricing-data/chloroquine-phosphate-1332
Contact No:- +13322586602