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What APIs Are You Looking For?
No matter what your API quantity is, you can always contact us for a free quote.
We provide you with Chemical Sourcing Services FOR FREE.
Whether it is that you want to know the market price ideas for certain APIs in China, or you want to explore potential API suppliers and manufacturers in China to work together with, you are welcome to contact us for a quick quote.
What Information Will Our API Quotes Include?
As a result, the importer needs to send requests for quotations from time to time to keep a close eye on possible price fluctuations.
For a standard API quote, it should include the following points:
#1. Specific unit price against a specific quantity and specified trade terms
A price is a must, whether there is quantity or not.
For a formal quote, a number must be provided against a certain order quantity with specified trade terms: EXW, FOB, or CIF terms.
For experienced API exporters, they may also indicate landing costs: the price you pay when you have the goods in your in-land warehouse (CIF price + Import Duties + In-land costs by trucks or rail).
This way you can save some time on the cost calculation compared to the CIF prices you have and you can get your cost figure right away.
You can use this number for a comparison with other suppliers to select your potential supplier.
You may also hear a lot that your supplier is telling you the market price, the market price of a product is the unit price against commercial order quantities.
#2. Lead Time
When we indicate our offer, we must also clarify our lead time.
A price without a definite lead time is pointless.
Normally the offer we indicate is for the APIs and chemicals in stock, which means we can make prompt shipment right after your order confirmation.
When one API is out of stock, we may have to do a custom-synthesis service for you, custom-synthesis will take time to complete and the lead time is just a general idea, sometimes beyond our control.
For a lead time over 90 days, things will get a little tricky: a lot of things can happen within a month, not to mention 3.
So for urgent orders, you may want to secure the goods from suppliers with stock or imminent stock, prompt shipments usually mean higher prices.
Frankly speaking, it is OK to keep the same price within one week, as you know the price of chemicals is affected by many factors: the price of crude oil, the shut-down of heavy manufacturers, increasing demands, etc.
Unless the supplier has a lot of goods in stock and is very sincere about working with you, he is even willing to keep the price the same within one year, or even longer.
When a supplier doesn’t include a valid period for his good price, you may want to further confirm his validity to secure a good price, just in case the supplier raises his prices when you come back with a purchasing order, which will put you in a very awkward place.
What Information is Needed for Quick API Quotes?
To avoid a constant exchange of emails back and forth, it is better if you can list the details for a quote.
#1. Name with CAS Number.
You should at least indicate the Product Name and the CAS number to avoid more questions from our side.
Say you are interested in Citicoline, but there are two types of Citicolines, one is a free base and another is Sodium Salt.
If you add the relevant Cas Number, we will know which one you need.
Purity requirements and control of single impurities:
It is easy to understand that higher purity requirements would go with higher prices.
Purity doesn’t necessarily reflect the synthesis expertise but the control over single impurities.
The highest standard for control of impurities should be NOT MORE THAN 0.1%, which is also the ultimate standard requirement for APIs.
To sum it up: when the purity is higher and the impurity is less, the API price will be higher.
#3. Order Quantities
You should give an exact quantity: grams, kilos, or tons.
Many customers like to ask for the prices of MOQ.
Speaking of MOQ, the Minimum Order Quantities, there must be a drum beating inside the supplier’s head: what quantity do you need exactly?
Different companies have different minimum order quantities, and every supplier will have a doubt in their mind after they make an offer: is my quantity enough for the potential customer? or our MOQ is way too small for the heavy customer?
For us who are willing to do repacking for all types of customers, there is no such thing as MOQ in a strict sense.
Even the GMP manufacturers we are working with now agree to do repacking.
Or you can ask for the prices for one standard pack.
#4. Grade Types and Docs Needed for Registration.
There are many grade types for one chemical.
Take the APIs for example: If you need a certain amount of pharmaceutical ingredients for lab research, chemical-grade APIs without GMP approval should be fine.
If you need to manufacture human medicines, GMP-grade APIs should be a minimum requirement.
Speaking of GMP, in case you need GMP and DMF for registration, you should say it in front.
Although many manufacturers have GMP, they don’t necessarily have DMF.
Generally speaking, the price of GMP-Approved APIs is double or triple the price of non-GMP APIs, also with a larger MOQ.