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D-Biotin Price Fluctuation In Year 2018-2020

Time : 2020-03-02

D-Biotin Price Fluctuation In Year 2018-2020


This round of biotin price increases began in October 2019. The driving factors mainly include the following aspects:

1) On the supply side, China is the main source of D-Biotin in the world.


The main D-Biotin suppliers are NHU, Shengda Bio, Hegno, ZMC, Kexing Bio, and AnhuiTiger. However, the industry supply changed around last year.

First, in 2018, DSM arise a patent lawsuit against Anhui Tiger Biotin Products .Which highly affected the supply in Anhui Tiger, until now no supply D-Biotin from them.

Second,  in 2019, explosion accident happened in Yancheng, Jiangsu province, which lead to the D-Biotin ceased production of ZMC and Hegno .

In addition, in 2019, Kexing relocated and their old factory shut down.


Based on the above factors, around 40% supply abiliy of D-Biotin was reduced, so there is a clear gap between supply and demand, which leads to the price crazy increased.

The price of biotin products has continued to rise, rising from 60 yuan/Kg(Biotin 2%) in October 2019 to the current 360 yuan/Kg, a 500% increase.


2) D-Biotin raw material potassium thioacetate shortage

Potassium Thioacetate is one the important raw material during the production of D-Biotin.

Due to the impact of the COVID-19 epidemic, some biotin companies have postponed resumption of work.

Among them, since the companies in Hubei Province must not resume work earlier than March 10.

One of the largest suppliers of potassium thioacetate, a biotin raw material in Wuhan, Hubei, was unable to do so in the short term.

Production and supply have led to a shortage of raw materials for biotin companies.


At present, inventory consumption is the main factor. The foregoing situation has further catalyzed the strong rise in biotin prices.

Shengda is a leading biotin company in the world. The company is also one of the few domestic biotin producers with full production capacity.

Its biotin production capacity is about 5,000 tons / year.

A related person of Shengda Biotech told that the current market quotation has broken the highest price in history (data shows that the highest price was 330 yuan / Kg in 2008).

"The current increase in prices is mainly caused by the market's short supply."


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