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December 8, 2016

Biotin producers in China mull production cut amid tumbling prices
 
An eFeedLink Exclusive         
 

Prices moved lower.
 

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

Prices as of Oct 21

Prices as of Dec 2

Price change

76-85

70-75

-6 to -10

RMB1=US$0.1452 (Dec 8)

 
Prices of biotin continued to slide during November due to excess production and slow demand.

As profit margins shrink, several producers are likely to cut production in the coming period. Biotin prices will rebound should supplies decrease prominently.
 


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