For the Quarter Ending June 2026
Vitamin B12 Prices in North America
- In USA, the Vitamin B12 Price Index fell by 3.7355% quarter-over-quarter, reflecting softer export offers.
- The average Vitamin B12 price for the quarter was approximately USD 1398433.33/MT, reflecting routine purchasing.
- Vitamin B12 Spot Price movements were muted as steady import flows and inventories pressured offers.
- Vitamin B12 Price Forecast indicates mild downside into June followed by modest seasonal restocking recovery.
- Vitamin B12 Production Cost Trend remained stable despite limited upward pressure in cobalt feedstock costs.
- Vitamin B12 Demand Outlook remains steady in nutraceutical sectors domestically, keeping the Price Index stable.
- Comfortable U.S. stocks pressured spot bids, keeping export demand subdued and tempering the Price Index.
- Chinese fermentation capacity restoration prompted higher supplier offers, yet transactions remained cautious amid measured replenishment.
Why did the price of Vitamin B12 change in June 2026 in North America?
- Elevated Trans-Pacific freight added landed-cost support while port fluidity prevented acute supply disruptions and distributors maintained normal inventory cover.
- Chinese export offers eased after Jiangsu output normalization, increasing export availability and pressuring U.S. spot quotations.
- Steady domestic demand from nutraceuticals and feed sectors limited upside, keeping transactions focused on routine replenishment.
Vitamin B12 Prices in APAC
- In China, the Vitamin B12 Price Index fell by 3.81% quarter-over-quarter, reflecting weaker export inquiries and ample supply.
- The average Vitamin B12 price for the quarter was approximately USD 1370433.33/MT, with steady domestic output and muted export enquiries.
- Vitamin B12 Spot Price remained range-bound as sellers maintained offers amid steady run-rates and comfortable inventories.
- Vitamin B12 Price Forecast for early Q3 sees modest downside risk if export demand fails to recover.
- Vitamin B12 Production Cost Trend remained stable as glucose and cobalt chloride costs held steady, limiting upside.
- Vitamin B12 Demand Outlook points to steady contract liftings while spot enquiries from Latin America stay subdued.
- Vitamin B12 Price Index volatility moderated due to balanced supply, disciplined selling, and limited logistical disruptions.
- Exportable inventories rose with expanded fermentation batches, pressuring offers while producers preserved run-rates and margins.
Why did the price of Vitamin B12 change in June 2026 in APAC?
- Sustained high plant run-rates and larger batches increased exportable supply, reducing sellers' urgency to raise offers.
- Muted overseas enquiries, particularly from Latin America, weakened spot demand while EU and US contract liftings absorbed volumes.
- Stable glucose and cobalt chloride inputs kept production costs flat, eliminating cost-push support for prices.
India
- In India, the Vitamin B12 Price Index fell by 3.703% quarter-over-quarter, reflecting freight and demand.
- Vitamin B12 Spot Price showed intermittent rebounds as Chinese offers firmed and local inventories tightened.
Vitamin B12 Prices in Europe
- In Germany, the Vitamin B12 Price Index fell by 3.74% quarter-over-quarter, reflecting subdued demand overall.
- The average Vitamin B12 price for the quarter was approximately USD 1397433.33/MT, CFR Hamburg assessment.
- Vitamin B12 Spot Price remained pressured by Hamburg stock comfort and export offers from China.
- Vitamin B12 Price Forecast suggests range-bound, slightly firm near term as restrained buying meets supply.
- Vitamin B12 Production Cost Trend showed limited upward pressure from energy and compliance cost increases.
- Vitamin B12 Demand Outlook remains subdued for feed premix and nutraceuticals, prompting hand-to-mouth procurement strategies.
- Vitamin B12 Price Index movements tracked import arrivals, container flows and euro depreciation affecting costs.
- Inventory levels at Hamburg remained comfortable, constraining spot volatility and encouraging competitive discounting among distributors.
Why did the price of Vitamin B12 change in June 2026 in Europe?
- Sufficient import arrivals and smooth port handling prevented supply squeezes, maintaining downward pressure on spot prices.
- Mild euro depreciation slightly raised delivered dollar costs, but flat freight and ample inventories limited pass-through.
- Downstream demand softened as premix and nutraceutical buyers completed restocking, reducing urgency for forward purchasing activity.
For the Quarter Ending March 2026
Vitamin B12 Prices in North America
- In the USA, the Vitamin B12 Price Index rose by 5.57% quarter-over-quarter, reflecting balanced supply and stronger demand.
- The average Vitamin B12 price for the quarter was approximately USD 1452700.00/MT, reflecting steady importer restocking and balanced inventories.
- Vitamin B12 Spot Price strengthened gradually as distributors operated with tighter day-to-day inventories supporting premiums.
- Vitamin B12 Price Forecast indicates modest upward bias driven by steady procurement from nutraceutical and feed buyers.
- Vitamin B12 Production Cost Trend shows limited input-cost inflation but elevated energy and freight pressures influence margins.
- Vitamin B12 Demand Outlook remains constructive with seasonal restocking and structural supplement consumption expanding uptake.
- Vitamin B12 Price Index movements were influenced by Trans-Pacific freight volatility and Chinese exporters adjusting post-Lunar offers.
- Export availability from Jiangsu and Shandong remained stable, while domestic output still covered only about one-fifth demand.
Why did the price of Vitamin B12 change in March 2026 in North America?
- Higher Shanghai-to-Los Angeles freight increased landed costs and bunker surcharges, pressuring suppliers and prompting buyer negotiations.
- Chinese exporters trimmed post-Lunar-New-Year offers, offsetting freight rise and nudging U.S. quotations slightly lower during month-end.
- Strengthening downstream procurement and distributor inventory tightness in mid to late March supported significant price gains.
Vitamin B12 Prices in APAC
- In China, the Vitamin B12 Price Index rose by 5.69% quarter-over-quarter, driven by feedstock constraints.
- The average Vitamin B12 price for the quarter was approximately USD 1424700.00/MT on an export-weighted basis.
- Vitamin B12 Spot Price strengthened as inventories tightened and buyers accelerated shipments to secure export volumes.
- Vitamin B12 Price Forecast indicates modest gains as seasonal procurement and constrained availability support exporters' offers.
- Vitamin B12 Production Cost Trend showed upward pressure from higher coal tariffs and modest increases in utilities.
- Vitamin B12 Demand Outlook remained steady as EU and Brazilian premix replenishment balanced subdued immediate spot purchasing.
- Vitamin B12 Price Index momentum was reinforced by selective forward bookings while some buyers delayed spot purchases.
- Coastal warehouse inventories lengthened to roughly four weeks, giving sellers flexibility to manage shipments and pricing discipline.
Why did the price of Vitamin B12 change in March 2026 in APAC?
- Drought reduced corn supplies cut glucose availability, constraining fermentation feedstocks and tightening production capacity notably.
- Rising coal and electricity tariffs increased operating costs, leading plants to lower runs and availability.
- Overseas buyers paused after January restocking, softening near-term demand and allowing exporters to trim offers.
Vitamin B12 Prices in Europe
- In Germany, the Vitamin B12 Price Index rose by 5.58% quarter-over-quarter, reflecting firmer import-driven costs.
- The average Vitamin B12 price for the quarter was approximately USD 1451700.00/MT, reflecting import costs.
- Vitamin B12 Spot Price firming on stronger offshore offers while Price Index signalled tighter sentiment.
- Vitamin B12 Price Forecast indicates sustained firmness absent energy cost declines or increased export competition.
- Vitamin B12 Production Cost Trend elevated by higher energy surcharges affecting fermentation, drying, purification operations.
- Vitamin B12 Demand Outlook steady across feed and nutraceutical channels, supporting seller discipline despite inventories.
- Inventory and export demand moderated moves; Vitamin B12 Price Index reacted quickly to offshore spikes.
- Hamburg supply chain fluidity limited logistics premiums, easing short-term pressure on Vitamin B12 Spot Price.
Why did the price of Vitamin B12 change in March 2026 in Europe?
- Import-led offer increases and distributor buying notably drove March gains, given Germany's high import dependence.
- Rising energy-linked surcharges elevated production and landed costs, transmitting through to CFR Hamburg quotations quickly.
- Port operations remained fluid, but risk premiums and shortened payment terms amplified bullish Price Index
For the Quarter Ending December 2025
APAC
- In China, the Vitamin B12 Price Index fell by 4.31% quarter-over-quarter, reflecting weaker export inquiries.
- The average Vitamin B12 price for the quarter was approximately USD 1348000.00/MT excluding freight insurance.
- Domestic production remained stable, supporting Vitamin B12 Spot Price stability despite moderated international inquiries overall.
- Mild steam-coal and cobalt chloride increases nudged Vitamin B12 Production Cost Trend upward, pressuring margins.
- Vitamin B12 Demand Outlook remains balanced as feed restocking offsets cautious international buyers post-Christmas activity.
- Near-term Vitamin B12 Price Forecast projects modest gains driven by seasonal restocking and contract flows.
- Inventory levels were manageable, keeping Vitamin B12 Price Index within narrow band despite spot volatility.
- Major Jiangxi and Hebei producers operated near full rates, supporting export availability and offer strategies.
Why did the price of Vitamin B12 change in December 2025 in APAC?
- Higher cobalt chloride and steam-coal costs nudged fermentation overheads, imparting upward pressure on FOB offers.
- Abundant domestic output and stable port operations maintained export supply, limiting upside despite restocking demand.
- Buyers showed measured procurement, preferring contracted volumes over spot purchases, which constrained aggressive price recovery.
Europe
- In Germany, the Vitamin B12 Price Index fell by 3.95% quarter-over-quarter, due to muted procurement.
- The average Vitamin B12 price for the quarter was approximately USD 1375000.00/MT, reflecting CFR parity.
- Observed Vitamin B12 Spot Price movements were modest, driven by freight surcharges and exporter offers.
- Vitamin B12 Price Forecast shows firmness as seasonal procurement and downstream offtake support price increases.
- Vitamin B12 Production Cost Trend remained stable; feedstock and energy surcharges exerted limited cost pressure.
- Vitamin B12 Demand Outlook is constructive, supporting pharmaceuticals and nutraceuticals with steady buying and purchasing.
- Inventory levels and import logistics kept Vitamin B12 Price Index range-bound, limiting volatility and spikes.
- Operational continuity preserved export flows; steady offers tempered short spikes in Vitamin B12 Price Index.
Why did the price of Vitamin B12 change in December 2025 in Europe?
- Ocean freight surcharges rose modestly, raising landed CFR costs and nudging import parity slightly higher.
- Stable overseas production and adequate inventories reduced urgency, contributing to muted buying, controlled price movements.
- Consistent downstream consumption from pharmaceuticals and animal-nutrition sustained demand, preventing notable declines despite neutral market conditions.
North America
- In USA, the Vitamin B12 Price Index fell by 3.95% quarter-over-quarter, reflecting subdued imports and muted demand.
- The average Vitamin B12 price for the quarter was USD 1376000.00/MT, reflecting steady CFR costs.
- Vitamin B12 Spot Price showed modest firmness as steady arrivals balanced buyer interest and volatility.
- The Vitamin B12 Price Forecast projects Q1 gains driven by seasonal procurement and steady shipments.
- Vitamin B12 Production Cost Trend stable as fermentation feedstock and energy costs showed limited uplift.
- The Vitamin B12 Demand Outlook cautiously positive as nutraceutical-pharmaceutical and food offtake supports baseline imports.
- Balanced inventories and LA logistics prevented material supply shocks to the Vitamin B12 Price Index.
- Exporter offers steadied while disciplined buyers limited spot volumes, keeping volatility subdued and spreads tight.
Why did the price of Vitamin B12 change in December 2025 in North America?
- Stable Chinese export offers and inspections held FOB levels steady, limiting December landed cost increases.
- Adequate U.S. inventories reduced urgency for fresh imports, modestly softening demand despite seasonal procurement expectations.
- Trans-Pacific freight remained subdued and LA port operations largely normal, thereby avoiding logistics-driven price inflation.
For the Quarter Ending September 2025
North America
- In USA, Vitamin B12 Price Index fell 7.04% quarter-over-quarter due to surplus and weak demand.
- The average Vitamin B12 price for the quarter was approximately USD 1432583.33/MT delivered CFR Los Angeles.
- Vitamin B12 Spot Price tightened as imports rose and exporter offers moderated in late summer.
- Vitamin B12 Price Forecast suggests mild firmness as buyers restock for winter production campaigns ahead.
- Vitamin B12 Production Cost Trend remained stable given steady feedstock availability and continuous biofermentation operations.
- Vitamin B12 Demand Outlook improved late September as supplement offtake rose while volumes stayed moderate.
- Vitamin B12 Price Index reflected smooth ports and sourcing, enabling importers to press offers lower.
- Inventory accumulation and competitive export offers pressured spot markets while selective restocking limited further downside.
Why did the price of Vitamin B12 change in September 2025 in North America?
- Exporter offers declined as global availability increased, directly reducing landed costs for US importers significantly.
- Downstream sectors held elevated inventories, reducing procurement urgency and amplifying price pressure during early September.
- Logistics remained frictionless and feedstock availability stable, enabling imports and preventing supply driven price support.
APAC
- In China, the Vitamin B12 Price Index fell by 4.50% quarter-over-quarter, reflecting oversupply, muted demand.
- The average Vitamin B12 price for the quarter was approximately USD 1408666/MT, FOB Shanghai base.
- Vitamin B12 Spot Price showed only limited weekly rebounds as buyers pursued cautious replenishment schedules.
- The Vitamin B12 Price Forecast anticipates modest firmness as autumn restocking supports measured demand upticks.
- Vitamin B12 Production Cost Trend remained stable from abundant feedstock availability and steady energy tariffs.
- The Vitamin B12 Demand Outlook is cautiously constructive as nutraceutical and feed sectors resume replenishment.
- High downstream inventories weakened the Vitamin B12 Price Index, while selective restocking tightened spot availability.
- Major producers ran steady rates, avoiding shortages and keeping export allocations disciplined amid subdued demand.
Why did the price of Vitamin B12 change in September 2025 in APAC?
- Sustained full operating rates, global production kept supply ample, exerting downside pressure on Price Index.
- Elevated downstream inventories and delayed procurement reduced buying, limiting upward movement in Vitamin B12 exports.
- Stable feedstock, smooth logistics contained Production Cost Trend, removing cost support for Vitamin B12 prices.
Europe
- In Germany, the Vitamin B12 Price Index fell by 6.04% quarter-over-quarter, driven by oversupply, cautious buying.
- The average Vitamin B12 price for the quarter was approximately USD 1431583.33/MT, assessed across Hamburg weeks.
- Vitamin B12 Spot Price eased as spot offers softened amid ample exporter availability and balanced inventories.
- Vitamin B12 Price Forecast indicates modest recovery into autumn as buyers selectively replenish stocks for production.
- Vitamin B12 Production Cost Trend remained stable as feedstock supplies and fermentation inputs maintained steady pricing.
- Vitamin B12 Demand Outlook shows strength from nutraceuticals and feed premix, while pharma procurement stayed cautious.
- Inventory builds and smooth logistics pressured the Vitamin B12 Price Index, limiting upside despite intermittent buying.
- Major exporters operated reliably, supporting healthy shipments while exporters adjusted offers to remain competitive in Q3.
Why did the price of Vitamin B12 change in September 2025 in Europe?
- Uninterrupted exporter production created oversupply, lowering landed costs and encouraging importers to delay large purchases.
- High distributor inventories and weak pharma procurement reduced urgency, suppressing Vitamin B12 Price Index gains.
- Stable freight and feedstock availability limited cost-driven upside, leaving price moves primarily demand-driven in September.
