Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the third quarter of 2023, the US experienced a sharp decline in the price of  Vitamin B5  (USP grade). From July to September, CFR New York values plummeted from $16,650/mt to $11,800/mt, marking an unfavorable conclusion to the quarter. The primary factors contributing to this drastic price drop were the exceptionally low demand downstream and the abundance of supply held by market participants. The expansion of the US economy during the quarter raised concerns at the Federal Reserve, as it foresaw potential worsening of inflationary pressures. Statistical data revealed that the US manufacturing sector contracted for the ninth consecutive month in July, with businesses cutting workers and production in response to a decline in new orders. Due to sufficient stocks in the domestic market in Q3, local providers reduced their focus on importing the product from China. The Soft-Landing summer in the United States benefited fr...