Vitamin B4 (Choline Chloride) prices Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the second quarter of 2023, the North American domestic market for Vitamin B4 (Choline Chloride 60%) experienced a significant price decline. Price negotiations at CFR Los Angeles saw a substantial drop, falling from $830 per tonne to $780 per tonne between April and June 2023, marking a -6% decrease for the quarter. Unexpectedly, demand for Vitamin B4 (Choline Chloride 60%) in the United States declined, particularly in the latter half of the quarter, originating from the pharmaceutical and nutraceutical industries. Another contributing factor to the price decrease in the nation was the ample supply of Vitamin B4 from domestic providers. Although inflation in the country aligned with energy price trends, analysts view this decline in inflation as a temporary blip, attributed to the alleviation of supply chain pressures. Despite mixed sentiments concerning the prices of vitamins and dietary supplements, the nutraceutical market in the country exhibited a varied pattern of market activity.

Asia Pacific:

In the Asia-Pacific region, the Vitamin B4 (Choline Chloride 60%) market displayed a diverse pattern of price movements in Q2 2023. Prices initially rose from $680/t in April to $700/t in May before retreating to $680/t in June 2023. This price decline became pronounced in the latter part of the quarter as demand for Vitamin B4 from the downstream pharmaceutical and nutraceutical sectors weakened both domestically and internationally. Chinese producers of Vitamin B4 (Choline Chloride 60%) found themselves compelled to offer the product at reduced profit margins due to reduced consumer inquiries. Statistics indicated that China's manufacturing activity contracted for the third consecutive month in June, albeit at a slower pace. Nevertheless, manufacturers continued to produce based on demand. These figures emerged as authorities faced mounting pressure to implement more effective measures to support an economy that had plateaued after a robust first-quarter rebound. The PMI data for June revealed various imbalances, including ongoing declines in regional and international demand, an accelerated downturn in small business activity, and increasing pressure on the pharmaceutical and dietary supplements sectors.

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Europe:

In Germany, the domestic market for Vitamin B4 (Choline Chloride 60%) remained lackluster in the second quarter of 2023, with CFR Hamburg price negotiations falling from $804/t to $705/t between April and June 2023. This represented a decline of -6.7% over the quarter, primarily driven by reduced demand from downstream industries in the context of ample supplier stocks. In April, energy and natural gas prices in Europe reached their lowest levels since the onset of the crisis. This development undoubtedly boosted trade from Asia, particularly China, as optimism for a more robust economic recovery grew. Conversely, an unexpected increase in the unemployment rate in Germany in June had a detrimental impact on the market landscape. Inflation surpassed 6% in Germany in June; however, the impact on the Vitamin B4 (Choline Chloride 60%) industry in the country remains uncertain. Market participants, akin to their counterparts worldwide, maintain a sense of skepticism regarding the country's economic situation and have adopted a cautious, wait-and-see approach.

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