February 22, 2017
 

Chinese producers fail to hold biotin prices firm

 

An eFeedLink Exclusive 
  
      

Prices moved lower.

 

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

Price quotes as of Jan 26

Price quotes as of Feb 17

Price Changes 

68-75

65-70

-3 to -5

Prices are representative and for reference only.
RMB1=US$0.1453 (Feb 22)

 

Although several producers halted price releases, biotin prices slid further amid abundant availability and sluggish demand.


More biotin producers are likely to cut production to limit the inventory rise. However, supplies are seen ample in the near term, exerting pressure on the market while feed producers withhold buying.

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.