The Biotin prices continued moving in an upward direction consistently in the month of May in Germany, driven mainly by sustained demand from downstream markets and tight availability.
The market players reacted to the prevailing supply-demand imbalance by adjusting Biotin pricing accordingly. The Biotin prices moved up to USD xxx,xxx/MT CFR Hamburg on xx May xxxx, in line with the tight availability and high procurement activity in the local market.
Germany, which is among the world&#xx;s biggest importers of Biotin, mirrors larger global market trends—largely from China, which is the world&#xx;s biggest exporter of the vitamin. China&#xx;s manufacturing industry, whose performance is at the core of world production and exportation of Biotin, performed better in May. China&#xx;s manufacturing purchasing managers&#xx; index (PMI), which information released by the National Bureau of Statistics showed increased by x.x points on the month...
