Metoclopramide HCL Prices Trend in the second quarter of 2023 | ChemAnalyst
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 marke...