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Throughout the fourth week of January, the overall performance of the Chinese Metformin HCL market remained lackluster, thereby continuing the weakness first exhibited in December. The price of Metformin HCL in December fell slightly because of plentiful availability and somewhat weak purchasing demand following quarterly restocking earlier in the quarter. In January, Metformin HCL continued to experience downward pricing pressure from decreased seasonal demand combined with a lack of urgency from buyers. Producers of Metformin HCL tended to keep production levels stable, which also kept supply comfortable and did not build immediate upside potential for producers to recover sales levels.
There were no major changes to Metformin HCL manufacturing conditions in China. Most integrated producers maintained stable operations due to stable access to feedstock and reasonable expectations for energy costs. The lack of environmental inspections or major maintenance shutdowns allowed supply...
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