Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America The FOB New Jersey prices for  Vitamin B9  experienced a positive upswing in the period, concluding the third quarter of 2023 on a high note. July saw values at $47,150/mt, which then rose to $48,000/mt by September. The persistent surge in demand from pharmaceutical and nutraceutical industries drove the domestic market upward in the latter half of the quarter. The primary catalyst for the favorable price trend in the United States was the consistently low to modest inventory levels, prompting sellers to incrementally raise quotations each month. The strengthening of the US dollar against the Yuan led to currency fluctuations, contributing to an uptick in the cost of importing nutraceuticals in the latter part of the quarter. While a reversal in the US economy caused a slight deceleration in inflation during the third quarter of 2023, the Federal Reserve's interest rate hike remained a concern for market players. Warehouse u...