For the Quarter Ending September 2023

 

North America

In the third quarter, the Diamino Sulfanilide market in the United States demonstrated positive advancements compared to the preceding quarter. Despite minor fluctuations, prices experienced a consecutive two-month increase, attributed to heightened demand across various industries. However, by September, prices witnessed a decline due to an oversupply of Diamino Sulfonamide in the market, leading to cost reductions. Economically, data from the Federal Reserve Economic Data (FRED) indicated a 2% rise in the Producer Price Index (PPI) in August compared to the previous month, supporting the price surge as consumers engaged in stockpiling practices. Conversely, inquiries slowed down in September, reflecting a well-supplied domestic market for Diamino Sulfanilide, while the consumer price index rose by 0.4% monthly and 3.7% annually, contributing to increased prices for goods and services in September.

APAC

In the Asia-Pacific (APAC) region, particularly in India, the Diamino Sulfanilide market witnessed diverse pricing trends in the third quarter of 2023. The quarter commenced strongly, with prices rising due to heightened demand from various industries, driven by robust inquiries from overseas markets. However, as the quarter progressed, the market cooled in the second month, influenced by increased domestic production to meet rising demand, resulting in an oversupply and subsequent price reductions. Additionally, downstream industries experienced slower growth, further diminishing the demand for Diamino Sulfanilide. Inflation in the Indian market increased in August 2023 compared to the previous month, as reported by the Ministry of Statistics and Programme Implementation National Statistical Office. Conversely, producer prices in India rose from 151.90 points in July 2023 to 152.40 points in August 2023, according to data from the Office of the Economic Advisor.

Get Real Time Prices of Diamino Sulfanilide: https://www.chemanalyst.com/Pricing-data/diamino-sulfanilide-1548

Europe

In Europe, Diamino Sulfanilide prices exhibited a mixed trend during the third quarter, with an initial surge in the first two months driven by strong demand from overseas markets. Germany, in particular, experienced an upswing in July due to robust performance in downstream industries, including pharmaceuticals. Positive developments continued in August, but during the holiday season of August 2023, labor shortages among European traders led to decreased manufacturing activities, affecting market conditions. Notably, the market witnessed slight fluctuations in September as European traders offered discounts on spot purchases to the USA to boost sales, responding to muted demand resulting from ample product availability during that period. Concurrently, the European market experienced a decline in industrial activities, evidenced by a 1.1% reduction in industrial production output within the Euro Area in August 2023 compared to the previous month, a trend that persisted into September. On the contrary, there was a significant 0.6% improvement in Industrial Producer Prices in August, impacting the consumption of goods for the subsequent month.


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