December 26, 2008
 
China's biotin prices drop significantly

 

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Prices were lower.

 
Date: December 23, 2008
Region
Imported Products
(RMB/kg)
Locally Produced Products 
(RMB/kg)
 
Offer Price
Transacted Price
Offer Price
Transacted Price
North
170-185
162-177
145-160
140-152
South
175-190
165-180
150-165
142-155
RMB1=US$0.1464 (Dec 26)
 
 
 
 

Stable supplies amid slack demand caused biotin prices in China to slide RMB50/kg over the month.
      

Market transacted prices of locally produced biotin were between RMB140/kg and RMB155/kg ex-factory. Some small volume deals were concluded at slightly higher price levels.
 

General market prices of imported biotin were in the range of RMB165-180/kg.


As wintry weather brought aquaculture rearing activity in the whole country almost to a halt, demand for biotin will weaken inevitably. Biotin prices in China are seen to fall further.

 
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