For the Quarter Ending June 2023
North America:
Metoclopramide hydrochloride prices in the United States displayed a mixed trend during the second quarter of 2023. In May, prices recorded a slight increase of 1.18%, driven by heightened demand from end-users and inventory replenishment activities. Fresh stock influx contributed to a bullish market scenario. However, the Manufacturing PMI (Purchasing Managers' Index) for May, registering at 48.4, signaled a slowdown in the U.S. manufacturing sector. This slowdown constrained the supply from manufacturers and suppliers due to reduced business activity. Despite this, robust consumer demand in May pushed metoclopramide hydrochloride prices higher. Conversely, prices experienced a decline of 4.23% in June compared to May, attributed to exceptionally sluggish uptakes in end-user industries. Domestic suppliers accumulated ample Metoclopramide Hydrochloride in their inventory, resulting in continuous price reductions in the domestic market. Furthermore, the high-interest rates imposed by the Federal Reserve dampened demand for metoclopramide hydrochloride, further contributing to the bearish trend. Additionally, the appreciation of the U.S. dollar against the Chinese yuan in June bolstered imports in the U.S. market, exerting additional downward pressure on Metoclopramide HCL prices.
Asia Pacific:
In China, prices for metoclopramide hydrochloride exhibited mixed trends during the second quarter. Prices increased by 1.21% in May compared to April levels, primarily driven by consistent demand in the domestic market and ongoing operational activity. China's Purchasing Managers Index (PMI) declined to 48.8 in May from 49.2 in April, signifying a slowdown in factory activity. This slowdown led to reduced inventories among market manufacturers and suppliers striving to meet strong market demand, resulting in upward price pressure. In contrast, metoclopramide hydrochloride prices fell by 3.21% in June compared to May, as new order follow-ups and consumer purchasing activity decelerated. The official Manufacturing Purchasing Managers Index (PMI) increased to 49.0 in June from the previous month's 48.8, indicating a slowdown in manufacturing activity. Decreased production was attributed to subdued end-user demand. Despite these fluctuations, prices remained relatively low as market participants held sufficient inventory to satisfy existing market demand. Additionally, Chinese exports experienced a 12.4% decline in June, contributing to increased metoclopramide hydrochloride availability in the Chinese market, further supporting the downward price trend.
Get Real Time Prices of Metoclopramide HCL: https://www.chemanalyst.com/Pricing-data/metoclopramide-hydrochloride-1388
Europe:
In Germany, the metoclopramide hydrochloride market exhibited mixed trends throughout the second quarter. Prices witnessed a slight increase of 1.19% in May compared to April, followed by a decline of 4.38% in June. May's price hike was influenced by limited stockpiles among traders and suppliers, along with heightened demand from end-user industries. The Manufacturing Purchasing Managers' Index (PMI) for Germany declined to 43.2 in May from April's 44.5, reflecting weaker business activity and lower inventories among market participants. Delays in shipments to meet demand contributed to the price increase of metoclopramide hydrochloride in May. In June, the German economy grappled with rising inflation and an interest rate hike by the European Central Bank, resulting in higher food and energy prices. This increase in the cost of living dampened consumer purchasing activity, further supporting the downward price trend for metoclopramide hydrochloride. Furthermore, the Euro's appreciation against the U.S. Dollar in June made imports cheaper and increased the supply of metoclopramide hydrochloride in the German market, amplifying the downward price pressure.
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