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
(RMB/kg)

Price as of Sep 30
(RMB/kg)

Price change
(RMB/kg)

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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