Aspirin Prices, Monitor, Analysis & Demand

North America

The Aspirin market in North America faced challenges during the fourth quarter of 2023. Initially, there was a significant decline in prices at the beginning of the quarter, followed by an increase in November, and then a decline again in December. Factors such as elevated interest rates, trading activities, and seasonal influences played a significant role in influencing market dynamics.

Focusing specifically on the United States, the Aspirin Prices in the United States has decreased significantly in October, aligning with the subdued domestic demand and abundant inventories held by market merchants. The overall expansion of new orders was minimal, while the decline in new international sales continued. The strength of the dollar against foreign currencies led to more affordable imports, ensuring an ample supply in the domestic market in the USA and contributing to a further decrease in prices. Later, the prices increased, which was primarily driven by strong consumer spending and an uptick in consumer confidence, despite persistent higher interest rates. The decline in inflation and cheaper gas prices alleviated some of the burden of price increases for consumers, leading to an overall surge in demand and subsequently higher prices for Aspirin. However, prices declined again in December, attributed to weakened demand from downstream industries and an ample supply in the market.

In terms of price trends, the quarter saw a slight increase in prices compared to the previous quarter, but no significant changes compared to the same quarter of the previous year. The latest price for Aspirin (Acetylsalicylic Acid) in the USA at the end of the quarter was USD 2835/MT CFR Los Angeles.

APAC

In the APAC region during the fourth quarter of 2023, the pricing of Aspirin was influenced by several factors. Firstly, there was an overall positive market sentiment with indications of expanded supply and demand, improved logistics, higher purchasing quantities, and increased optimism among manufacturers. Secondly, the demand for Aspirin saw an upturn, driven by a rise in new orders from the domestic market as well as increased demand from the healthcare sector due to seasonal influences. Lastly, the prices of Aspirin were affected by the upward movement in Salicylic acid prices, a crucial raw material, driven by increased costs of upstream materials. In China, the prices of Aspirin rose by 3.47% in November compared to the previous month. This increase was supported by a rebound in manufacturing activities and an improvement in overall market demand. Additionally, the onset of the winter season led to heightened demand for Aspirin in treating cold and flu-like symptoms. The latest price of Aspirin (Acetylsalicylic Acid) (USP, FDA) FOB Shanghai in China for the current quarter is USD 2615/MT.

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Europe

The fourth quarter of 2023 proved to be a challenging period for the Aspirin market in Europe. Several factors influenced the market dynamics and prices during this time. Firstly, the scarcity of available stock had a significant impact, leading to an increase in prices. Additionally, the elevated energy prices contributed to the rise in Aspirin prices, increasing transportation costs and overall business expenditures. Finally, increased demand from end-consumers further drove up the prices of Aspirin. In terms of specific countries, Germany experienced the most significant changes in Aspirin prices during this quarter. The market in Germany was affected by the same factors as the broader European market, including the scarcity of supply and higher energy prices. However, Germany also saw a notable decline in inflation, which positively influenced consumer purchasing power and contributed to the upward trend in Aspirin prices. Also, the month of December typically witnesses an escalation in seasonal illnesses such as influenza and the common cold, attributed to increased gatherings during the festive period, which also supported to increase overall demand and prices. In terms of price trends, the Aspirin price in Germany at the end of the fourth quarter of 2023 was USD 2935/MT.

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