Melatonin Prices: During the second quarter of 2023 | ChemAnalyst
Chemanalyst08 Sep, 2023Business
In the second quarter of 2023, the Melatonin market in North America witnessed a significant price decline. Prices for FOB New York plummeted from $132,200 per metric tonne to $115,000 per metric tonne between April and June, marking a 13% decrease over the quarter. The primary driver behind this substantial price drop was the sharp decrease in Melatonin demand from downstream industries in the US, primarily due to regional suppliers' overstocking.
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