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The North American market for Oxytetracycline Hydrochloride Pricescommenced the third quarter of 2022 on a positive note, with prices settling at USD 23260/MT in July. However, these prices ultimately dropped from the second half of the quarter and were assembled at USD 22350/MT in September. In the final week of July, many Chinese API manufacturing units were shut down for maintenance, significantly decreasing imports into the US. However, the frequent lockdowns in China, from which most APIs are imported, forced Oxytetracycline Hydrochloride manufacturers to cut their prices, due to which downstream trades were in a solid wait-and-see attitude. As a result, demand from the downstream pharmaceutical sector declined during the second half of the third quarter of2022. 

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