The,prices,biotin,fell,sharply business, insurance The prices of biotin fell sharply
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Quote from the market point ofview, in 2008, the highest quoted market prices of pharmaceutical grade biotinreached $1,600/kg, a year can be described as a harvest year of biotin manufacturers.However, since the end of 2008, the biotin price was declining even touchbottom line.Biotinis a water-soluble sulfur-containing B class vitamins, is a coenzyme associatedwith the carbohydrate, protein and lipid metabolism, also known as coenzyme R,is a trace growth factor contained in every living cell, the important coenzymeof fat metabolism and carboxylation reaction, is an indispensable nutrient tomaintain normal growth and development, maintain the skin health and the bonemarrow health, and are widely used in feed, food, cosmetic raw material and pharmaceutical industry.China is the global biotin production base, the annual production of Chinesepharmaceutical grade biotin is about 190 tons, accounting for more than 80% ofthe global output. The biotin varieties produced in China are mainly have threetypes: pharmaceutical grade biotin which the content is more than 98%, 2%content feed grade biotin and 1% food grade biotin which use calcium hydrogenphosphate as carrier.In 2008,from January to May, the export prices of pharmaceutical grade biotin is basicallyshow a downward trend: In January, the average export price of pharmaceuticalgrade biotin is $728.59/kg, in February rose to $735.04/kg,from then on, the price is from $735.04/kg down to $594.66/kg, a decline of19.09%. In May, pharmaceutical grade biotin export volume is 16,775 kg, the highest monthly exportvolume month in 2008. In next few months, the price was fallen dramatically.Althoughthe export price of biotin was falling, but it did not stimulate the marketdemand. The export volume of pharmaceutical grade biotin is only 4935kg in May of 2009, less than 1/3 of 16,775kg export volume in May 2008. Quotefrom the market point of view, during the high price in May and June of 2008,the quoted market prices of pharmaceutical grade biotin is $1600 to 1800 everyper kilo gram, from July to October in 2008, the quote is still maintained in$1400-1600/kg level. In February 2009, the market price is only $850/kg, in May it rapidly decline to $500/kg.Whyjust a year the biotin market prices have such a huge change? The reason is theweak international demand and Chinese biotin suppliers fever investment. Weakdemand, at the end of 2008, many international buyers have taken to reduceinventory, improve cash flow means to cope with the global economic crisis,making the demand of biotin in the international market is decreasing. In 2009,from January to May, totaled pharmaceutical grade biotin exports are 39,386 kg, 27% lower than the export volume of thecorresponding period in 2008. Facing the weak international demand, biotin suppliers have also taken a low-cost strategyto stimulate the market. Investment boom, with the new features of biotin continueto be found and brought huge profits, triggered a new round of biotininvestment boom.In thecase of weak market demand, added new investment will make the biotin exportworse. The current biotin market offer is only $400/kg, close to the bottomline price. It is understood that some of the biotin manufacturers stopproducing, some manufacturers closed for purchase. I believe in the stimulationof the low market price, the purchasers desire to buy biotin will germinate again,the demands will also began to rise. The future decline biotin export pricewill thus be mitigated.Source:http://www.cosprm.com
The,prices,biotin,fell,sharply