September 18, 2003

Biotin Prices in China On the Rise

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Of late, China's biotin market is seen on its turnaround towards significant recovery of prices. Current biotin quotations from Roche Group averaged between RMB195-200/kg, while actual transacted prices rose by RMB5/kg, to RMB190/kg. Prices for biotin produced by Sumitomo Chemical were at around RMB150/kg, with actual transacted prices regained to the level of RMB140/kg. Quotations for biotin produced in Zhejiang, China, grew by RMB10/kg, to RMB120-130/kg.

Overall performance of the biotin market in China since early this year is seen on the downward trend although market remained generally stable. What are the driving forces for the recent price hikes?