October 4, 2011
Plant accident reduces China biotin supply, strengthens prices
An eFeedLink Exclusive
Prices were higher.
|
Biotin prices in China | |||
|
Region |
Price as of Sep 7 |
Price as of Sep 30 |
Price change |
|
North |
155-170 |
157-172 |
+2 |
|
South |
157-172 |
159-174 |
+2 |
|
RMB1=US$0.1568 (Oct 4) |
　 |
　 |
　 |
Supplies tightened due to an industrial accident in a biotin production plant in late September. Hence, prices firmed up as buyers accumulated inventories amid concerns that biotin supplies would run short.
Ex-factory prices of locally produced biotin were around RMB170/kg. In the general market, transacted prices by major producers were stable at RMB155-172/kg.
Meanwhile, general market prices of imported biotin (10%) were unchanged in the range of RMB780-820/kg.
Tight supplies of biotin are expected to uphold biotin prices.
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