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During the third quarter of 2022, the Glucosamine Price declined significantly, with prices in the domestic US market falling from $10850/MT to $9660/MT FOB New Jersey from July to September. The companies producing Glucosamine were compelled to reduce prices due to the periodic lockdowns in China, where most nutraceutical products are imported.
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Glucosamine Price Trend and Forecast German Glucosamine price trend showcased a downward trajectory during the third quarter of 2022, with values estimated at $/MT in July and later settled to $/MT in September. This quarter's economic slump was made worse by Germany's logistical problems as transportation bottlenecks persisted. The continued lockdowns in Chinese ports and the turmoil in Russia and Ukraine made the situation in Europe worse. Domestic retailers cut their prices in the second half of the quarter as a result of the weak demand from pharmaceutical and nutraceutical end users. https://www.chemanalyst.com/Pricing-data/glucosamine-1287
The price trend for Glucosamine in the Asia Pacific market The price trend for Glucosamine in the Asia Pacific market decreased during the third quarter of 2022. This price trend has been impacted by a number of factors, including declining raw material costs, changing consumer spending, and weak end-user demand. Only purchases from significant suppliers for immediate consumption were noted during the first half, with FOB Qingdao prices settling at $7560 per MT in July. This was caused by the weak downstream demand and the below-average offtakes. However, after the markets reopened in the final week of July, certain facilities that make nutraceuticals underwent maintenance, reducing the amount of Glucosamine that was available to the suppliers. Later, extremely poor domestic downstream pharma and nutraceutical demand led to price declines and a September settlement of $6850 per MT. https://www.chemanalyst.com/Pricing-data/glucosamine-1287
During the third quarter of 2022, the price of Glucosamine declined significantly During the third quarter of 2022, the price of Glucosamine declined significantly, with prices in the domestic US market falling from $10850/MT to $9660/MT FOB New Jersey from July to September. The companies producing Glucosamine were compelled to reduce prices due to the periodic lockdowns in China, where most nutraceutical products are imported. As a result, the second half of the year saw a slight decline in demand in the US. The Biden administration tried to lower inflation by removing some tariffs on imports from China as the two biggest economies in the world grappled with clogged supply chains and rising oil prices. US imports significantly declined as a result of the closure of production facilities in China, many of which were shut down for maintenance throughout H2 of Q3. https://www.chemanalyst.com/Pricing-data/glucosamine-1287
The price of Glucosamine declined significantly, with prices in the domestic US market During the third quarter of 2022, the price of Glucosamine declined significantly, with prices in the domestic US market falling from $10850/MT to $9660/MT FOB New Jersey from July to September. The companies producing Glucosamine were compelled to reduce prices due to the periodic lockdowns in China German Glucosamine price trend showcased a downward trajectory during the third quarter of 2022, with values estimated at $/MT in July and later settled to $/MT in September. This quarter's economic slump was made worse by Germany's logistical problems as transportation bottlenecks persisted.
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