Global Levofloxacin Hemihydrate Prices Demonstrate Positive Trend at the End of Q2 2023

The prices of Levofloxacin Hemihydrate are expected to remain on the high side in the global market in the month of June 2023. The decrease in inventories combined with the increase in end-user inquiries from both downstream and international markets was the main reason for the decrease in the global market price of Levofloxacin Hemihydrate. Higher import momentum from importing countries further boosted the prices, which in turn led to a steady increase in production activities. According to market participants, the production volume of Levofloxacin Hemihydrate is very high, so as a result, the producer focuses on increasing their stock levels with it and placing newer orders.

The prices of Levofloxacin Hemihydrate in certain regions, such as the US and Europe, continued to mimic the upward pricing sentiments. The higher consumer confidence in all Pharmaceutical APIs and Excipients, including Levofloxacin Hemihydrate, resulted in increased downstream sector demand in the global market. This, in turn, contributed to lower inflationary pressures. In addition, according to recent data in the United States, the Consumer Price Index (CPI) in the United States increased by 0.6 percent in May 2023 after increasing by 0.3 percent in April. In recent years, exporting countries have increased their production to meet the growing demand for APIs such as Levofloxacin Hemihydrate. As a result, producers in those countries have increased their output of finished goods, thereby increasing the global supply of those goods. Therefore, the downstream product is currently more expensive for consumers outside the US due to the US dollar's recent appreciation against other currencies.

As of mid-Q2, the prices of Levofloxacin Hemihydrate increased across the APAC region, mainly in China and India a similar pattern was witnessed. The market was stable in the middle of Q2 and is expected to remain stable until the end of Q2 due to increasing consumer confidence and robust manufacturing activity across the exporting nations. In addition, due to a steady increase in inquiries for Levofloxacin Hemihydrate, the market players decide to increase their manufacturing processes to replenish their last month's stock and replenish their shelves with new stock.

As per ChemAnalyst, "It is expected that the price of Levofloxacin Hemihydrate will remain on the high side in the global market. The export market is likely to start a new production due to the surge in orders and the high energy prices. Also, the increasing upstream costs will continue to support the growth of the Levofloxacin Hemihydrate market. Market players are likely to have enough stock to fulfill urgent orders placed all over the world".