Trazodone Hydrochloride Prices Move South Globally Due to Low Demand

Trazodone Hydrochloride costs decreased at a consistent rate across the globe. As per the industrialist, weak orders and accrued supplies among the retailers support the decreased price tendency of Trazodone Hydrochloride in the month of February 2023.

As per the market experts, the Purchasing Manager Index in China settled at 56.4 in February 2023, more than that in January. The rebound in manufacturing activities across the Chinese market indicated a sign of economic steadiness. However, with respect to demand, the stocks for this Trazodone Hydrochloride have also reached their peak levels, and the market transactions were fewer and mainly based on inquiries from the international market. Moreover, the build-up of stock with the traders at the ports and lower shipment pressure on manufacturers further kept the prices of Trazodone Hydrochloride prices in the downward direction.

In the US, a similar market trend was visible as the demand from the end-user sector remained on the weaker side since the start of the first quarter of 2023. Trazodone Hydrochloride price dropped in the US primarily due to lower exports from exporting nations, particularly from China to Europe and other regions, which further also led to a decline in future price settlements by domestic merchants for Trazodone Hydrochloride in the region. Besides this, owing to lessening customer interest, many suppliers are concerned about an ongoing increase in stockpiles this month and are focused on destocking in order to prevent the deterioration of the stocks in months to come.

Moreover, the fear of recession was another aspect that supported this price trend which had dropped the demand for Trazodone Hydrochloride from downstream pharmaceutical and healthcare industries. Market participants assert that because of Europe's poor trade environment, buyers only place orders when necessary and have been forced to lower their future prices and clear their backlogs.

As per the ChemAnalyst, "Weak demand for Trazodone Hydrochloride is anticipated to keep the price on the lower side in forthcoming months as well. Market participants are likely to witness enough inventory to satisfy the region's immediate needs."