Vitamin B12 Price Trend and Forecast
The American Vitamin B12 Price began the third quarter of 2022 on a positive note, with prices assembled at $2320500 per MT in July. However, these figures ultimately dropped in September and were settled at $2150500 per MT. The recurrent lockdowns in China, from which the majority of nutraceutical items are imported, forced manufacturers of Vitamin B12 to cut their prices. As a result, downstream demand in the US actually decreased during the second half of the quarter. In the final week of July, a large number of Chinese industrial facilities were shut down for maintenance, which significantly decreased imports into the US. This had a major impact on the downward pricing trend and the dropping demand in the closing weeks of the third quarter.
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