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Carnitine prices in the North American region exhibited a depreciating market position throughout the first quarter of 2023. Prices decreased consistently during the quarter because of reducing raw material costs. The domestic and international markets decreased demand had a part in the unfavorable market situation. The accumulation of stocks brought on by the end-user sector's decreased demand forced the merchants to drop their quotations to destock and clear out the stock. Additionally, the fact that freight and transportation costs have significantly fallen has only contributed to the marke
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Free Search theAsia Pacific Carnitine Prices online North America Carnitine prices in the North American region exhibited a depreciating market position throughout the first quarter of 2023. Prices decreased consistently during the quarter because of reducing raw material costs. The domestic and international markets decreased demand had a part in the unfavorable market situation. The accumulation of stocks brought on by the end-user sector's decreased demand forced the merchants to drop their quotations to destock and clear out the stock. Additionally, the fact that freight and transportation costs have significantly fallen has only contributed to the market's declining conditions. The market was also impacted by logistical problems and the ease of trade activity. Asia Pacific The prices of L-Carnitine in the APAC region demonstrated decelerating market situation throughout the first quarter of 2023. Towards the end of Q4 2022, the price of Carnitine was recorded at USD 22500/MT FOB Shanghai with an average quarterly declination of 13.21%. The prices depreciated continuously throughout the quarter with decreased raw material prices. Decreased demand from both the domestic as well as international market further supported the pessimistic market situation. This decreased demand from the end-user sector eventually resulted in stockpiling of inventories which compelled the merchants to lower their quotations to destock their inventories and clear out the stock. Also, merchants decided to roll back to pre-pandemic prices, which increased during the previous quarter. Europe Throughout the first quarter of 2023, L-Carnitine prices in the European region showed a slowing market position. Throughout the quarter, prices declined steadily due to falling raw material costs. Reduced demand from both the domestic and international markets contributed to the negative market environment. The merchants were forced to lower their quotations to destock their inventories and clear out the stock because of the amassing of inventories caused by the end-user sector's decreased demand. Also, as the freight and shipping charges decreased many folds, it further added to the depreciating market situation in the European region. Ease in trade activities and logistic issues also influenced the market. ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
