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The first quarter of 2023 saw
fluctuation in the North American market for Biotin Prices
declines in the first month of the quarter because of ease in port congestion
in the US, severely restricting trade activity from importing nations. Due to a
variety of factors, such as the US's skyrocketing inflation, the geopolitical
crisis in Russia and Ukraine, and the wildly fluctuating nature of oil prices,
domestic traders and producers continued to be concerned about the high cost of
chemicals used in the food and beverage industry throughout the quarter,
including Biotin. Prices decreased in the last month of the quarter as a result
of the steady offtakes and the availability of sufficient inventories in the
downstream sectors of the US region. Towards the end of the quarter, the prices
for Biotin were assessed at around USD 272980/MT for CFR New York in March. For more information E-Mail:- sales@chemanalyst.com websites:- https://www.chemanalyst.com/Pricing-data/biotin-1262 Contact No:- +13322586602
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