Vitamin B1 Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst


For the Quarter Ending September 2023


North America

In the third quarter of 2023, Vitamin B1 (thiamine) mononitrate in North America experienced a significant price decline, signaling a pessimistic outlook. This drop was driven by both subdued demand and a substantial supply surplus, allowing market participants to readily meet overall demand. The Federal Reserve closely monitored the development of the US economy during this quarter, expressing concerns about potential inflationary pressures. A report indicated that the US manufacturing sector contracted in July for the ninth consecutive month, with companies reducing staff and output due to diminished new orders caused by a general slowdown in demand. The demand for nutraceuticals, particularly Vitamin B1 (Thiamine) Mononitrate, imported to the United States declined notably in the latter half of Q3, attributed to ample supply from domestic sources. Despite the Federal Reserve's aggressive monetary tightening to combat record inflation, rising inventories hinted at a lack of consumer demand. States participating in Soft Landing Summer found encouraging economic indicators in the second half, suggesting the US economy might be avoiding the anticipated recession with assistance from the Fed.

Asia Pacific

In the Asia Pacific region, the domestic Vitamin B1 market in China witnessed a descending trend, with values decreasing from $14600/mt in July to $13900/mt in September. China's economy, the second-largest globally, experienced rapid development due to increasing deflation, high youth unemployment, and weak international demand, continuing into the third quarter of 2023. China's Vitamin B1 price surge in the latter part of Q3 was influenced by a stronger Yuan (RMB) against the USD and fluctuating end-user demand, both domestically and abroad. Despite China's golden week in late September, the impact on the Vitamin B1 market was minimal compared to other nutraceuticals, as prices remained relatively lower. Exporting nutraceuticals, especially Vitamin B1 (Thiamine) Mononitrate, affected both domestic and international markets in the final weeks of the quarter due to the Yuan strengthening and the depreciation of the US dollar.

Get Real Time Prices of Vitamin B1: https://www.chemanalyst.com/Pricing-data/vitamin-b1-1181

 
Europe

Throughout the third quarter in Europe, the price trend for Vitamin B1 (thiamine) mononitrate remained bearish. Excessive inventory levels were the primary driver behind suppliers lowering their quotations, ensuring the overall demand was met. Industry analysts reported that the German industry faced challenges at the beginning of the quarter, with dietary supplement suppliers experiencing significant declines in production, new orders, and factory prices. This situation intensified due to a sharp fall in new orders, the largest in over three years, leading customers to wait and reduce inventories, indicating weak demand for various commodities, including nutraceuticals. Economic uncertainty, geopolitical factors, and tighter financial conditions all contributed to the overall decline in demand.

 

 

 
 

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