North America
The prices of Sulfamethazine in the North American market fell in the fourth quarter of 2022, with CFR New York prices settling at USD 14920/MT in October Due to sluggish demand from the American downstream pharmaceutical sector. The production rate was kept at its peak despite low domestic consumption rates. In the domestic US market, these prices did, however, decrease further in December to USD 14580/MT. The US supply chain progressively improved in H2 of 2022 as the US economy finally started to revive and the port on the east coast drastically reduced ship backlogs. The US supply chains were adaptable, which led to a drop in product costs because of the decreased shipping demand brought on by slower consumer spending and a loss in industrial activity.

Asia- Pacific
Sulfamethazine prices in the Asia-Pacific area kept declining during the fourth quarter of 2022, dropping to USD 12650/MT in December after settling at USD 12900/MT in October due to sluggish demand from downstream pharmaceutical businesses. A modest pace of contraction in the manufacturing sector this month was caused by the Golden week shutdown of industrial facilities in China from October 1 to October 7. End-user run rate limits and logistical constraints brought on by the reappearance of Covid cases at the end of October generated a build-up of Sulfamethazine inventory and decreased offers. Additionally, prices dropped as shoppers kept buying what they needed despite the local market's dropping demand.

Europe
Not only in North America and the Asia-Pacific region but also in Europe, the Sulfamethazine market had somewhat similar market dynamics, with prices falling in the fourth quarter of 2022. Market sentiment for German Sulfamethazine declined, with CFR Hamburg prices assessed at USD 15980/MT in October and dropping even further to USD 15720/MT in December. Due to negative market sentiments, domestic demand was lower than anticipated, particularly from the key end-user pharmaceutical industry. Because import prices from Asian nations were low, market insiders had a gloomy outlook. Large stock levels additionally pushed merchants to cut their prices to clear off their immense stocks. Moreover, when worries about port congestion subsided, the price of transporting goods from Asia to Europe was reduced.

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