Ofloxacin Prices Trend and Forecast

Description

During the third quarter of 2022, the North American Ofloxacin Prices showed a modest dip. From July to September, the prices for CFR Los Angeles dropped from USD 47155/mt to USD 46400/mt. Since this pharmaceutical ingredient is primarily imported from China, the country’s zero-covid policy significantly restricted the availability of this chemical in the nation. Due to the heat wave and a power shortage, several Chinese industrial facilities were forced to shut down in the second half of Q3, which had a detrimental impact on the USA’s commerce. The US giants and economists attributed the nation’s declining demand and market circumstances to a number of issues, including the nation’s high-interest rates, limited supply, and high inflation.

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