North America

North American region, particularly the USA, witnessed an inclined Ofloxacin Prices during the start of October. Increased end-user demand balanced with enough supplies among the market participants kept the prices of Ofloxacin on the higher side. Slowing economic activity amid rising borrowing costs, Consumer spending, which edged up 0.1% after surging 0.9% in October, and ease in trade disruption along with shipment cost supported the market sentiments of Ofloxacin in the USA. Towards the mid of the fourth quarter till the end of 2022, the prices fell significantly with the settlement of USD 46155/ MT CFR Los Angeles backed by decremented inquiries coupled with the temporary shutdown of the domestic market owing to New-year holidays.

APAC

The prices of Ofloxacin plummeted at the end of 2022 in the Asia Pacific region, primarily in China. With the start of the fourth quarter, i.e., during October, the prices of Ofloxacin demonstrated a positive market outlook as the demand inclined considerably with an increase in supply chain activity. Following November, demand in China started to drop gradually, with sufficient stocks among the market participants to meet all immediate orders. The price of Ofloxacin got settled at USD 44750/MT FOB Shanghai. Following December, an outburst of lockdowns of COVID-19 muted economic output and affected the market sentiments of all the commodities, including Ofloxacin, in China.

Europe

During the fourth quarter of 2022, the European market for Ofloxacin imitated a similar pattern as that of North America. The market initially started on a weaker note up to November as the demand from the end-user sector pharmaceutical industry decreased, balanced with the overall supplies among the market participants. After November, demand for Ofloxacin increased slightly, keeping the prices on the stable side. The prices of Ofloxacin until November were gathered at USD 46100 /MT CFR Hamburg in Germany. At the same time, Fresher quotations from, Traders and inquiries from suppliers decreased in December of 2022 because of higher stock reserved with market players due to the market's brief closure on account of Christmas and New Year's eve.

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