Lincomycin Hydrochloride Prices Rise on Increased Buying Pressure

Global Lincomycin Hydrochloride prices have increased from January 2023 onwards due to higher purchasing pressure from the end-user producers. The orders had suddenly inclined due to rising global demand when Chinese market sentiments started to recover after an ease in several Covid policies and the Chinese New Year break. The trade activities from China to other countries, such as the USA and Germany, have also improved with higher-than-expected export bids for Lincomycin Hydrochloride.

In China, the prices of Lincomycin Hydrochloride have risen continuously since January 2023, reflecting the higher demand from domestic and international markets. Manufacturers have raised the prices in anticipation of a recovery in demand after the market reopened from the Chinese New Year Holiday. From the start of February 2023, orders from end-user producers have significantly inclined as Lincomycin Hydrochloride inventories are limited with them to cater to the ongoing demand. Some factories in China have restarted their manufacturing units to increase their supply which was earlier hampered because of Covid restrictions. In order to maintain profit arbitrarily, producers have mainly revised their prices of Lincomycin Hydrochloride in the Chinese market. Thus, the FOB Shanghai prices of Lincomycin Hydrochloride increased by 2.7% in January and are likely to increase by around 2% by the end of February.

In Germany and the USA, demand from end-user pharmaceuticals and healthcare for Lincomycin Hydrochloride has increased due to inadequate inventories among regional retailers. The traders in both countries have placed bulk orders to fulfill the demand of their clients. At the same time, a high quotation from Asian countries has resulted in high prices in the USA and German markets. Therefore, the CFR Hamburg and CFR New York prices for Lincomycin Hydrochloride in January increased by 1.2% in Germany and 1.3% in the USA and are likely to rise by more than 1.5% for both countries in February 2023.

According to the ChemAnalyst team, prices of Lincomycin Hydrochloride in the global market are expected to remain on the higher side due to continued rising demand from end-user industries. Manufacturers might enhance their offers as they will not be able to cope with upcoming demand due to limited stock. If production returns to a more normal level in China, the shortage issue might recover in the coming months.