For the Quarter Ending June 2023

North America:

Following a period of turmoil, economic conditions in the United States appeared to have improved during the second quarter of 2023. Within North America, the domestic Vitamin B1 (Thiamine) Mononitrate market exhibited price stability throughout the quarter. Demand for Vitamin B1 (D-Calpan) from pharmaceutical and nutraceutical industries in the US experienced a slight weakening in the latter part of Q2. Another contributing factor to the price stabilization in the country was the ample supply of Vitamin B1 (Thiamine) Mononitrate from domestic suppliers, prompting them to adjust their pricing downward. Inflation in the nation has aligned with energy price fluctuations. However, analysts have characterized this decline in inflation as a transient phenomenon attributed to the alleviation of supply chain pressures. Despite varying sentiments regarding the prices of vitamins and dietary supplements, the US nutraceuticals market displayed a diverse pattern of market activity. Furthermore, the US economy, as per statistical data, remains robust, with indications of a sustained and steady growth trajectory.

Get Real Time Prices of Vitamin B1: https://www.chemanalyst.com/Pricing-data/vitamin-b1-1181

Asia Pacific:

Across the Asia-Pacific region, the Vitamin B1 (Thiamine) Mononitrate market demonstrated favorable price movements in Q2 2023. Prices initially increased from $14,700 per ton in April to $15,000 per ton in June 2023, driven by enhanced demand from the pharmaceutical and nutraceutical sectors, both locally and globally. Chinese Vitamin B1 (Thiamine) Mononitrate producers found themselves able to command slightly higher margins due to increased consumer inquiries. In June, China's manufacturing activity contracted for the third consecutive month, albeit at a decelerated pace, according to statistical data. These figures coincided with growing pressure on authorities to devise more effective measures to support an economy that had plateaued after a robust first-quarter rebound. The June Purchasing Managers' Index (PMI) also revealed several imbalances, including a sustained decline in regional and international demand, an accelerated downturn in small business activities, and mounting challenges in the pharmaceuticals and dietary supplements sector.

Get Real Time Prices of Vitamin B1: https://www.chemanalyst.com/Pricing-data/vitamin-b1-1181

Europe:

In Europe, the Vitamin B1 (Thiamine) Mononitrate market experienced price stagnation during the second quarter of 2023, with prices registering a slower rate of increase. Steady demand from downstream industries, coupled with moderate supplier inventories, played a pivotal role in this price stability within the German domestic market. By April, the costs of gas for power generation in Europe had reached their lowest levels since the onset of the crisis. Conversely, the market environment was notably affected by an unexpected surge in the German unemployment rate in June. Although German inflation had surpassed 6% in June, the country's Vitamin B1 (Thiamine) Mononitrate industry had yet to feel its impact. Much like the rest of the world, market participants cautiously navigated uncertain economic conditions in the country. Moreover, short-term challenges arose from reduced demand in Europe, which accounts for 15% of US exports, and a stronger US dollar due to increased global risks.

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