Ofloxacin Prices: During the second quarter of 2023 | ChemAnalyst
For the Quarter Ending June 2023 North America Throughout the second quarter of 2023, the pricing of Ofloxacin in the North American region displayed a mixed trajectory. The quarter began with a continuation of the previous month's market trend, leading to a steady rise in inquiries from the domestic pharmaceutical and healthcare sectors. However, by May, Ofloxacin prices experienced a 2% decrease from the previous month. This decline was influenced by a combination of reduced demand, increased supply, and a weakening currency. The USA observed a decline in Ofloxacin prices due to heightened stocks from China and India, both major suppliers of Pharmaceutical APIs, including Ofloxacin. Furthermore, the weakening US dollar against other currencies contributed to reduced trade, making Ofloxacin more expensive for US buyers and consequently lowering demand. Despite this, prices rebounded moderately in June. Domestic Ofloxacin suppliers maintained significant inventories to meet ...