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Arginine Prices Trend and Forecast

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chemanalyst
Arginine Prices Trend and Forecast

North America

Arginine displayed solid market dynamics with minimal variation in the first quarter of 2023. As Q1 2023 got underway, prices increased through the end of February, supported by continuous purchases from the pharmaceutical and nutraceutical end-user sector. Also, the ease of trade disruption supported the arginine market trend from January. Moreover, the Euro currency dropped versus the USD in January, affecting the mood of the market. Furthermore, by the end of Q1 2023, prices had decreased because there were few inquiries and sufficient supplies among the merchants. Low freight costs also contributed to the market's current state of weakness.


Asia Pacific

Arginine prices witnessed an increasing trajectory in the APAC region in the first quarter of 2023. After the Lunar New Year break, the Chinese pharmaceutical markets technically returned on a positive note with an increase in orders and shipments from both the domestic and the international market. As the market was reopened, factory and port operations resumed. Also, with the soaring offtake and increase in the no. of international orders, Arginine prices increased in the Chinese market. Later, the prices did stabilize and rolled down at the commencement of February 2023, as the strict Covid laws lifted, revitalizing the second-largest economy in the world. Also, the recovery of production quickened, along with the feeble demand kept the market weak. At the termination of Q1 202, the settlement price of Arginine API accessed at USD 5261/MT FOB Shanghai with an average quarterly declination of 1.69%.


Europe                                                                                                                                            

In the first quarter of 2023, Arginine showcased stable market dynamics with slight fluctuation. With the commencement of Q1 2023, the prices rose till the end of February, backed by consistent offtakes from the pharmaceutical and nutraceutical end-user sector. Further, the ease in trade disruption reinforced January's market trend of Arginine. Also, the Euro currency apprenticed against the USD in the month of January, influencing the market sentiments. During the month of March, the settlement price of Arginine API came down to USD 6414/MT CFR Hamburg with an average quarterly inclination of 1.52%. Moreover, by the termination of Q1 2023, the prices dropped by approx. 3% as the inquiries remained feeble, and the merchants had enough supplies among them. Also, low freight charges further supported the weak market situation.


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