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November 4, 2011
 
Buyers limit buying; China biotin market weakens
 
An eFeedLink Exclusive 
        
 
Prices were lower.
 

Biotin prices in China

Region

Price as of Sep 30
(RMB/kg)

Price as of Oct 31
(RMB/kg)

Price change
(RMB/kg)

North

157-172

154-169

-3

South

159-174

156-171

-3

RMB1=US$0.1575 (Nov 4)

     
 
As most buyers have accumulated stocks during late September, while usage was slow due to subdued feed demands, biotin prices softened during October.
 
Some producers were releasing stocks at prices as low as RMB150-160/kg. In the general market, transacted prices by major producers were at RMB155-170/kg.
 
Biotin prices are unlikely to strengthen as animal feed demand stays weak.
 


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