Biotin Price Trend and Forecast
Biotin Price Trend and Forecast
ChemAnalyst
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Biotin Price in the US domestic market fell sharply during the third quarter of 2022, from USD 395250/MT to USD 368750/MT from July to September. The US Biotin market saw a decline in demand from downstream pharmaceutical and nutraceuticals industries following the slow offtakes in downstream sectors. In the US market, the growing recession fear has increased the interest rate resulting in weakened consumer spending. Additionally, the market sources informed that the accelerated supply of Biotin has been enough to fulfill the orders. These factors had a substantial influence on the downward pricing trend of Biotin, which decreased by more than 17% on a quarterly basis.
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