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Metformin HCL prices increased in the Chinese market over the first half of October **** after dipping slightly in September. Metformin HCL demand was strong from domestic and overseas buyers, and importers are stepping up their restocking efforts in early October. But even with that dip in September, steady demand from the pharmaceutical and healthcare sectors kept the market in balance.
In September ****, Metformin HCL prices in China dropped by about *.** to $**** per MT (USP, FDA, FOB Shanghai). This modest correction came after capacity expansions by key players such as Shouguang Fukang Pharmaceutical - which helped to alleviate some post-maintenance shortages that had shown up in August. The **-day pause on U.S.-China tariffs that lasted all the way through November kept duties capped at *** and helped to keep the export running smoothly, even though the resulting surge in urgent buying...
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