Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America: The Vitamin B12 (Cyanocobalamin)  market in North America exhibited a rising price trend during the second quarter of 2023. Price negotiations for CFR Los Angeles surged from $1,830,500 per metric ton to $1,870,900 per metric ton between April '23 and June '23, marking a significant increase of 2.2% over the quarter. This uptick in prices was propelled by a notable surge in demand for Vitamin B12 across the nation, particularly at the beginning of May, following a somewhat eased inflation rate at the end of Q1 2023. Although energy prices saw a decline, underlying inflation remained notably higher, exceeding the Federal Reserve's target, according to industry experts. Despite mixed sentiments in vitamin prices, the nutraceuticals market in the country displayed distinct patterns. The USDX, as of May 12, 2023, lost 2.5% for the year, compared to a 1.9% loss over the previous 12 months. Consequently, the US dollar gained strengt...