August 25, 2023

China VB12: Prices sink to new lows (week ended Aug 21, 2023)

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With demand sluggish and supply abundant, prices of vitamin B12 broke new lows over the week.


Export prices decreased to US$11.60/kg.


In the domestic market vitamin B12 softened to the range of RMB84.10-96/kg.


Producers will be more prudent in cutting prices of vitamin B12 with the costs of production high and prices at unseen lows.


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