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China

October 5, 2018
 
Biotin prices stay at record lows in China
 
An eFeedLink Exclusive         
 
 
Prices remained unchanged.
 

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

Price quotes as of Sep 3

Price quotes as of Sep 30

Price Changes 

55-60

55-60

0

Prices are representative and for reference only.
RMB1=US$0.1456 (Oct 5)

 
Biotin prices stayed at historic lows amid tepid demand. Even though the costs of raw ingredients have increased, producers found it difficult to lift prices with supplies abundant.

Biotin prices should remain flat in October due to weak feed sales. However, should producers cut production prominently, prices are likely to rebound from current low levels.
 


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