For the Quarter Ending June 2023

North America

Metoprolol succinate prices in the United States experienced a mixed trend during the second quarter. In May, prices increased by 0.61% due to higher demand from end-users and inventory replenishment activities. Although the manufacturing PMI indicated a slowdown in the US manufacturing sector, consumer demand remained strong, leading to higher prices for metoprolol succinate. However, in June, prices fell by 0.75% compared to May due to sluggish offtakes in end-user industries. Domestic suppliers had ample stock of metoprolol succinate, resulting in continuously falling costs in the domestic market. Furthermore, the high-interest rates implemented by the Federal Reserve reduced demand, and the appreciation of the US dollar against the Chinese yuan increased imports into the US market, further putting downward pressure on prices.

Asia Pacific

Metoprolol succinate prices in China also showed mixed trends during the second quarter. In May, prices rose by 0.78% compared to April levels, driven by consistent domestic demand and ongoing operational activity. However, the purchasing managers' index (PMI) fell in May, indicating a slowdown in factory activity and a reduction in inventories among manufacturers and market suppliers. This led to higher prices. Conversely, in June, the price of metoprolol succinate decreased by 0.78% compared to May due to a decline in new orders and slowing consumer purchasing activity. The official manufacturing PMI also signaled a slowdown in manufacturing activity. Prices remained low as market participants had enough inventory to meet current demand. Furthermore, a decrease in exports in June increased the availability of metoprolol succinate in the Chinese market, supporting the downward trend.

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Europe

In Germany, the situation with Metoprolol Succinate prices showed a mixed trend throughout the second quarter. Prices slightly increased by 0.57% in May compared to April and then decreased by 0.87% in June. The rise in May was due to limited stockpiles among traders and suppliers, coupled with increased demand from end-user industries. However, the manufacturing PMI for Germany fell in May, reflecting weaker business activity and lower inventories among market participants. This led to an increase in prices. In June, rising inflation and an interest rate hike by the European Central Bank affected the German economy, leading to higher food and energy prices. This decrease in purchasing power resulted in a downward trend in the price of Metoprolol Succinate. Additionally, the appreciation of the Euro against the US dollar in June made imports cheaper and increased the supply of metoprolol succinate in the German market, further influencing prices.