For the Quarter Ending June 2023


North America

The price of clopidogrel bisulfate in North America followed a similar declining trend as in the APAC region during the second quarter. Prices steadily decreased throughout North America compared to the first quarter, with the downward trend continuing until the last week of June. This was due to fluctuations in the downstream market for the feedstock used to make clopidogrel bisulfate, as well as a decline in local demand from the pharmaceutical sector. Market participants holding large warehouse inventories and limited consumption of existing ones also contributed to the ongoing decline in domestic demand. To reduce their inventories and protect their end products, suppliers lowered domestic prices. However, taking into account the consumer price index (CPI) for June 2023, specifically in the United States, it increased by 0.1% compared to May. Domestic suppliers of clopidogrel bisulfate had enough inventory to meet local demand throughout the second quarter of 2023.

Asia Pacific

The price of the active pharmaceutical ingredient, clopidogrel bisulfate, experienced a bearish market sentiment during the second quarter, with prices falling sharply until the final weeks of June 2023. One of the main reasons for the decrease in prices was the significant decrease in consumer inflation, which weakened purchasing activity. Additionally, India's annual inflation rate dropped to its lowest level since October 2021, further contributing to the decrease in clopidogrel bisulfate prices. The cost of fuel also declined, strengthening the regional market trajectory for clopidogrel bisulfate. The steady decline in inflation indicates a more controlled and stable price environment for consumers, along with a gradual easing of energy costs. This positive development is acknowledged by the Reserve Bank of India (RBI), as it falls below its upper tolerance limit of 6% for three consecutive months. Following this trend, clopidogrel bisulfate prices in the region continued to weaken, recording prices at USD 45005.42/MT EXW-Ludhiana by the end of Q2.

Get Real Time Prices of Clopidogrel: https://www.chemanalyst.com/Pricing-data/clopidogrel-1529

Europe

During the entire second quarter of 2023, prices for clopidogrel bisulfate in the German market aligned with the market trend observed in the APAC region. Prices continued to fall across the region due to weaker consumer demand, resulting in increased stockpiling of inventories among retailers and suppliers. The market environment remained depressing until the last few weeks of June, with an overabundance of inventory and falling upstream costs. The heatwave in June further affected the market sentiments in Germany, leading to destocking of inventories and hesitancy among buyers to place significant orders. Currency fluctuations throughout June also impacted the market sentiments of clopidogrel bisulfate in the European market. The decline in the value of the euro against the US dollar made pharmaceutical APIs more expensive for buyers in the eurozone, contributing to the overall decline in prices.



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