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April 6, 2018
 
Sluggish feed sales weigh down China biotin prices
 
An eFeedLink Exclusive         
 
 
Prices continued to fall.
 

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

Price quotes as of Feb 12

Price quotes as of Mar 30

Price Changes 

160-170

100-115

-60 to -55

Prices are representative and for reference only.
RMB1=US$0.1586 (Apr 5)

 
Sales of biotin were weak aid slow feed consumption. Prices fell significantly during the period in review.

Trade is unlikely to improve in the biotin market as feed producers stay prudent. Moreover, with renminbi stays strong, export demand will be limited, pressurising producers to cut prices to clear stocks.
 


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