In North America, after Sulfanilamide Pricing settled at $24680/mt in August, prices only decreased until the middle of quarter 3. Prices eventually began to incline, though, and in September, they finally settled at $25380 per MT. The zero-covid policy of China severely limited the supply of this product across the country, as it is mainly imported as a pharmaceutical ingredient. However, the domestic merchants had adequate inventory to meet the whole downstream demand. The second half of Q3 saw the forced closure of some Chinese manufacturing facilities due to the heat wave and a power constraint, which had a negative effect on US trade. The US's high-interest rates, constrained supply, and high inflation are just a few of the factors that the country's heavyweights and economists blamed for the nation's deteriorating demand and market conditions.

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