Oxytetracycline HCL Prices: During the second quarter of 2023 | ChemAnalyst
For the Quarter Ending June 2023 North America: In the United States, Oxytetracycline hydrochloride prices experienced a notable decline of 3.96% in June compared to levels observed in April. This price reduction can be attributed to several factors contributing to a challenging market environment. Notably, an abundance of supply and weakened demand played a pivotal role in driving prices lower. The market continued to grapple with an unpredictable supply and demand relationship, which further exacerbated the deteriorating market conditions. The United States relies significantly on China as a major API exporter, and the ease of trade facilitated an influx of Oxytetracycline hydrochloride imports, amplifying the supply in the US market and exerting downward pressure on prices. Additionally, as inflation moderated during the second quarter, prompted by interest rate hikes by the Federal Reserve, demand for Oxytetracycline HCl in the US market diminished, resulting in lower pr...