Price of biotin increases slowly

Biotin market in China has not yet formed and there is a serious shortage of consumer. It results in the exceeded production must find ways to release and solve the problem in the international biotin market. Recently, the supply of biotin market has decreased, so prices began to uplink. However, this is a short-term performance. The price will be adjusted after the producers resume normal production.

In terms of sales volumes, biotin, vitamin family can only be regarded as a small variety of products. In 2011, total sales volume of the world's pharmaceutical biotin is only about 125 tons. In 2011, China exported 115 tons of pharmaceutical biotin. It is equivalent to 7 percent of biotin volume of international market

2008 years ago, the international market, pharmaceutical grade Biotin price was as high as $ 1,600 per kilogram. Chinese exports of pharmaceutical grade Biotin number of bulk drugs in 2008, 117 tons, compared to 2007 net increase 84.25%. Biotin export prices and is very profitable, and further promotes Chinese enterprises to increase the speed of expansion of production capacity for biotin. The end of 2008 China biotin production capacity has exceeded 200 tons (equivalent to a content of 98% product) ranked first in the world.

However, the biotin market is not fully grasping the hands of manufacturers in China. It is still uncertainty exists. Western biotin manufacturers have mastered the new technology of asymmetric chiral synthesis of biotin and minoxidil. Its products and quality are not worse than the Chinese. The key point is that the west's labor costs are too high while Chinese exports biotin has\ low prices. Western manufacturers temporarily reduce or stop the production of biotin bulk drugs. Once the international market greatly increased demand for biotin, they probably will resume production immediately.

India and Bangladesh in recent years make great efforts to develop the poultry industry. The feed-grade biotin imports began to rise. The Indian government encourages farmers to develop a poultry industry and tariffs on imports of feed-grade biotin decreased from about 10% to 5%. Earlier, India and Bangladesh, mainly from the Netherlands, Germany and other developed countries, imports of feed-grade biotin, dropping lower and lower with the export price of the feed-grade biotin, and now the two countries’ API suppliers have been imported feed-grade biotin from China in order to meet domestic farming needs. Be seen that the biotin international demand there is still space for further excavation.

Because of excessive producing and the limited capacity of the international biotin market, the biotin production company's products began to be a large backlog. In order to open the market for products, companies compete to keep the prices down and sales. It results in price of biotin go into a trough in 2009 and 2010 two years in the international market. Biotin export price is so low. The key factor is not in the biotin international market, but their own problems. The biotin production business fight against with each other, it keeps the prices down and leads to biotin export prices in international market plummeted. Source: http://www.cosprm.com