North America
In the fourth quarter of 2022, the North American market witnessed seesaw sentiments for Aspirin due to fluctuating demand from downstream pharmaceutical industries. The Aspirin Prices in the US market surged until November and were assessed at USD 5705/MT but scaled down slightly to USD 5525/MT in December. Supply chain disruptions from a major exporting country, mainly China, were noted due to the Golden week vacation in the first week of October and later Covid restrictions. However, demand from downstream pharmaceutical industries has been strong owing to limited inventories, encouraging the trader's sentiment in the domestic market. By the end of the quarter, improvement in import frequencies from China led to adequate stock in the market, causing the value to be slightly lower. Also, a decrement was seen in the market dynamics due to weak demand and a dull purchasing mood ahead of the Christmas Holiday.

Asia- Pacific
In the Asia Pacific region, the Aspirin market revealed an assorted sentiment with price fluctuations during the entire fourth quarter of 2022. An increment in Aspirin's price trend was seen in the first half of Q4, with prices settling at USD 5080/MT in November. The halt in production activities during the Golden week vacations in the first week of October resulted in low inventories among domestic retailers, which in turn supported the pricing tendency in the market. Also, the lockdown in Shanghai with rising COVID cases continued to make exports of API unstable. However, the prices started to slip in the second half of Q4 as the downstream pharmaceutical industry's demand flickered with uncertainty in orders, impacting the price trend. Thus, by the quarter ending December, prices of Aspirin were estimated at USD 4880/MT in China.

Europe
During the fourth quarter of 2022, Prices of Aspirin witnessed mixed sentiments in Europe. Till November, Aspirin prices in the European market climbed to USD 6375/MT due to lower importing activities from China amidst the Golden week holiday and lockdown restrictions, causing limited inventories in the regional market. However, Aspirin prices in Germany settled at USD 6155/MT, with an immediate decline of 3.4% in December. The market fundamentals in Germany had been hampered by declining demand from the downstream pharmaceutical and nutraceutical sectors, which had caused a price drop. Additionally, domestic merchants had enough inventory to meet demand overall, which resulted in a negative trend by the conclusion of the quarter.

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