Calculating by pure products, currently the global market demand of biotin is about 125 tons. Among them, the demand for food and cosmetic medicine is about 20 tons. And the demand for feed is approximately 105 tons. A total Chinese export of biotin was about 115 tons in 2010. Due to the reasons of cost pressures, international biotin supplier has discontinued or reduced its production, while the production capacity of Chinese biotin has reached more than 200 tons.

Biotin demands are small. But there are large fluctuations in market demand and price elasticity. In 2007, the price of biotin with other vitamins prices rose sharply. Production pattern is relatively stable, only a few manufacturers, easy to form a tacit agreement on price. Dropped since the end of 2008, the biotin price long-term at low levels, the trade is generally a loss of 2009-2010 and into the new business of biotin are negative gross margin. Currently, the cost of raw material rises. So pressures on companies are also increasing. There is a strong will for manufactures to raise prices and absorb the cost.

Biotin workshop of Zhejiang province in China has the gas leakage. For production safety reasons, the future of the enterprise may biotin workshop moved to more remote areas from the staff living quarters. And security incidents, and all enterprises have to stop the purchase of biotin will change in the expected market supply, market supply of biotin will change the price of biotin may rebounded sharply.

As the VE prices rise, recently biotin price is rose from 88 RMB / kg to 160 RMB / kg in mid-September. And biotin prices depend on the attitude of the major vendors. From the present situation, the attitudes of major cosmetic raw material suppliers are from grabbing share to dispute profits. Biotin is small specie and its prices are very flexible. So in the marketm, there may be a repeat of the myth of riboflavin prices.

In view of the trend, raising prices of biotin will be maintained in a long time. In a short-term, there is a drive for price rising. But the uneven distribution of market share will make the rise time and space shorter. At same time, the price elasticity of vitamin H is large and there may be unexpected increases. Due to a substantial rise of biotin price, it is recommended to configure it as a transactional variety.Source:http://www.cosprm.com