Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023   North America Vitamin B12 (Cobalamin) Prices  in North America experienced a modest uptick, climbing from $1,887,750/mt to $1,902,400/mt between July and September. This surge of approximately 1% marked a bullish conclusion to the third quarter of 2023. The domestic market saw an upward swing, fueled by growing demand from pharmaceutical and nutraceutical sectors. Scarce inventory levels prompted sellers to incrementally raise their quotes each month, constituting a significant factor supporting the positive price trend in the United States. Currency fluctuations between the US dollar and Yuan led to increased costs for importing nutraceuticals in the latter half of the quarter. Although inflation showed a slight cooldown, the Federal Reserve's interest rate hike kept market participants vigilant. Warehousing costs and inventory expenses soared, contributing to the upward trajectory of commodities like Vitamin B12. As October approa...

For the Quarter Ending June 2023 North America: In the second quarter of 2023, the  Vitamin B12  market in North America witnessed an upward price trajectory. 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, indicating a substantial increase of 2.2% over the quarter. Following a moderation in the inflation rate at the end of Q1 2023, demand for Vitamin B12 experienced a significant surge across the nation, particularly in early May, leading to a notable uptrend in prices. Despite a decline in energy prices, industry experts note persistent underlying inflation, surpassing the Federal Reserve's target. The nutraceuticals market in the country displayed distinct patterns amid mixed sentiments on vitamin prices. The US Dollar Index (USDX) experienced a 2.5% loss for the year as of May 12, 2023, compared to a 1.9% loss over the previous 12 months. This strengthened the US dollar, attracting...

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...