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January 6, 2017


China biotin producers stand firm on prices


An eFeedLink Exclusive    


    

Prices remained unchanged.

 

Transacted prices of 2% biotin in China (RMB/kg)

Price quotes as of Dec 19

Price quotes as of Dec 31

Price Changes 

68-75

68-75

0

Prices are representative and for reference only.
RMB1=US$0.1450 (Jan 6)


Demand for biotin showed little improvement with feed sales sluggish. Nonetheless, producers were reluctant to reduce prices as profits margins have fallen substantially.


Biotin market will stay weak but price falls will be limited while producers stand firm.

 

 

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