For the Quarter Ending March 2026
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Vitamin B12 Prices听in听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.
听
Vitamin B12 Prices听in听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.
听
Vitamin B12 Prices听in听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.
For the Quarter Ending June 2025
North America
- The latest Vitamin B12 Spot Price Index in North America stood at USD 1,463,000 per metric ton by the end of June 2025. It reflected a 0.34% dip that was driven by normalized pharmaceutical procurement and strategic inventory positioning.
- Why did the price change in July 2025?
The Vitamin B12 Spot Price in North America declined marginally in July 2025 as subdued procurement behaviour and balanced inventory levels persisted. The lack of new demand with softened export offers from China ensured no upward momentum in price trend post Q2.
- Steady imports from China and India continued without any supply chain disruptions which allowed downstream users to maintain operational stocks, thereby keeping the Vitamin B12 Production Cost Trend neutral during Q2.
- Downstream procurement across pharmaceuticals, fortified food and dietary supplements remained consistent, with buyers limiting purchases to operational needs due to ongoing tariff-related caution, anchoring the Vitamin B12 Demand Outlook in a restrained posture.
- Buyers refrained from speculative restocking during Q2 2025, preferring drawdowns on Q1 inventory. This contributed to a balanced price environment and reaffirmed the softening pattern in the Vitamin B12 Price Forecast.
- No logistic disruptions were reported across major ports like Los Angeles, ensuring a well-functioning Vitamin B12 supply chain, which reinforced stable market sentiment through April, May, and June.
- Competitive export offers and smooth deliveries allowed buyers to negotiate favourably, keeping costs under control and helping stabilize the Vitamin B12 Spot Price throughout the quarter.
- Despite mild recovery in demand, the market lacked bullish indicators due to absence of new product launches or seasonal triggers, holding the Vitamin B12 Demand Outlook in equilibrium.
- Exporters maintained consistent output with no interruptions in production schedules, ensuring that the Vitamin B12 Production Cost Trend remained unchanged throughout the quarter.
Asia Pacific
- The Vitamin B12 Spot Price Index in APAC was recorded at USD 1,445,000 per metric ton by late June 2025. The marginal drop reflected strong supply continuity, stable manufacturing and muted procurement enthusiasm.
- Why did the price change in July 2025?
The Vitamin B12 Spot Price in Asia Pacific declined slightly in July 2025 as exporters reduced offers modestly to maintain competitiveness amid steady but unspectacular demand. The adjustment followed Q2鈥檚 neutral momentum, reinforcing a tempered Vitamin B12 Price Forecast.
- Production facilities in China maintained consistent operational flow without any disruptions which kept the Vitamin B12 Production Cost Trend stable.
- End-user procurement across pharma, nutraceuticals and health supplements remained steady throughout Q2, sustaining a predictable Vitamin B12 Demand Outlook aligned with seasonal trends.
- Buyers placed only replenishment-based orders as their existing inventory levels remained balanced, leading to restrained spot activity and limited influence on the overall Vitamin B12 Price Forecast.
- The export supply chain from Shanghai and other key ports functioned without logistical challenges during Q2, allowing stable outbound movement and preventing any volatility in the Vitamin B12 Spot Price.
- Despite global economic uncertainties, demand from APAC markets did not deviate from forecasted consumption trends, maintaining a neutral to slightly bearish Vitamin B12 Demand Outlook.
- Routine procurement from pharmaceutical and medical segments sustained production cycles without overburdening supplier stocks, reflecting a flat Vitamin B12 Production Cost Trend.
- The absence of major health campaigns or sectoral stimulus in Q2 kept buyer sentiment cautious, which contributed to the subdued market movement in the Vitamin B12 Spot Price Index.
Europe
- The Vitamin B12 Spot Price Index in Europe settled at USD 1,462,000 per metric ton during late June 2025, registering a minor 0.34% drop influenced by softened global offers and subdued domestic restocking needs.
- Why did the price change in July 2025?
In Europe, the Vitamin B12 Spot Price saw a mild decrease in July 2025 due to persistent inventory sufficiency, cautious downstream demand, and continued softening from export hubs. This matched the sentiment observed at the end of Q2, contributing to a neutral-to-downward Vitamin B12 Price Forecast.
- Downstream industries across Germany and broader Europe maintained disciplined stock control and sourced only operational volumes, placing the Vitamin B12 Demand Outlook on a low-growth path in Q2.
- Continuous inbound flows from China and India allowed German importers to negotiate minor price reliefs while ensuring stable availability, a trend that underpinned the July dip in the Vitamin B12 Spot Price.
- Procurement activity in pharmaceutical, functional food, and supplement sectors remained steady but lacked volume-driven excitement, resulting in a stagnant Vitamin B12 Price Forecast.
- European buyers showed reluctance toward bulk forward buying due to well-managed Q1 inventory, which directly contributed to the minimal price movement and kept the Vitamin B12 Production Cost Trend unchanged.
- Exporters held back from aggressive pricing despite soft demand signals, maintaining measured dispatch volumes to sustain global pricing discipline across Q2.
- Port operations and logistics in Germany ran efficiently with no delays or congestion, ensuring seamless Vitamin B12 distribution that supported a neutral trend in the Vitamin B12 Spot Price Index.
- Overall market conditions remained non-disruptive through April to June, and with no significant supply-side push or demand-side pull, the Vitamin B12 Demand Outlook remained stable across Europe.
