Paracetamol Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst


For the Quarter Ending September 2023

North America

In the third quarter of 2023, the Paracetamol market in North America experienced a significant downturn. Between July and September, CFR Houston prices for Paracetamol dropped from $4710 to $4855 per metric ton, marking the conclusion of the quarter. This price fluctuation signaled a preference for lower prices, resulting in an average quarterly decline of 1.06%. The global Paracetamol market faced an oversupply issue during this period, leading to a noticeable drop in market values. Domestic traders strategically accumulated substantial Paracetamol inventories and, to offset potential losses, lowered their price quotes, further contributing to the overall market price decrease. Despite a modest slowdown in inflation during the third quarter, attributed to significant economic changes in the United States, market participants remained vigilant due to the Federal Reserve's decision to increase interest rates. The reduction in Paracetamol prices can be largely attributed to a significant decrease in the cost of its primary raw material, Acetic anhydride, in exporting countries. This reduction significantly influenced the manufacturing cost of Paracetamol in those countries. However, in the middle of the third quarter, prices experienced a notable increase, primarily due to the volatility in the costs of the essential raw material, Acetic anhydride, in countries that export it. Furthermore, the North American market, a significant Paracetamol importer, and China, a prominent Paracetamol exporter, closely monitored pricing patterns in the Chinese market.

Asia Pacific

During the third quarter of 2023, the Paracetamol market in Asia Pacific underwent a noticeable transformation, marked by a decrease in prices from $4505 per metric ton in July to $4760 per metric ton FOB Shanghai in September. This fluctuation highlighted a substantial change, resulting in an average quarterly drop of 0.23%. One significant contributing factor to this shift was the sharp decline in Paracetamol prices, primarily driven by a reduction in raw material costs, specifically in Acetic anhydride, within the domestic market. This price adjustment was influenced by the economic conditions, particularly in China, the world's second-largest economy, which experienced an economic slowdown from the first half of 2023 into the third quarter, impacting the Paracetamol market. The economic deceleration resulted from various factors, including increased deflation, a rise in youth unemployment, and weakened foreign demand. Paracetamol production in China closely followed customer demand and market dynamics, with a noticeable decrease in demand both domestically and internationally during this period. However, starting in August, a surge in demand and disruptions in the supply chain led to imbalances, causing prices to rise. The steady demand for Paracetamol from both domestic and international markets, as well as new inquiries, contributed to this upward price trend. This was observed in the context of the current national and overall market conditions. In the weeks just before the Golden Week holidays in September, there was a slight increase in both freight and manufacturing due to heightened demand and inquiries. Another factor that pushed prices higher was strategic bulk orders from market participants looking to replenish their inventories. The increased demand during the holiday season led many buyers to accelerate their Paracetamol procurement, creating additional pressure on overall demand. Additionally, market players, noting the significant price drop at the beginning of Q3, sought to normalize the trajectory by the end of the quarter.

Get Real Time Prices of Paracetamol:  https://www.chemanalyst.com/Pricing-data/paracetamol-1336

 
Europe

In the third quarter of 2023, the pricing landscape of Paracetamol witnessed a significant shift. Prices decreased slightly from $4,685 per metric ton in July to $4,780 per metric ton CFR Hamburg by September, representing a notable quarterly reduction of 1.28%. This shift was mainly driven by a global oversupply of Paracetamol, exerting a substantial impact on its market value. To address this situation and mitigate potential losses, domestic traders opted to accumulate large Paracetamol inventories and strategically lowered their price quotes, contributing to a broader market devaluation. The significant decrease in Paracetamol prices can be attributed to a substantial reduction in the cost of its primary raw material, Acetic anhydride, affecting the overall manufacturing cost of Paracetamol in exporting countries. Consequently, this price decrease reflects broader global market dynamics. However, prices saw a noticeable increase in the middle of Q3 due to fluctuations in the prices of the raw material, Acetic anhydride, in exporting countries. In addition, the European market, a major Paracetamol importer, and China, a leading exporter, closely tracked the pricing trends of the Chinese market.

 
 
 
 

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