First Quarter of 2023 in Europe Vitamin B1 Prices

In the first quarter of 2023, Vitamin B1 Prices continued to decline as a result of the long-drawn-out turmoil in the U.S. domestic market, with CFR Los Angeles from January to March. Due to a halt in imports from China during the first week of January due to the Lunar New Year, several domestic retailers had to raise their price quotes to keep up with the ongoing demand. The tiebreakers, which included the crisis in Ukraine, rising U.S. inflation, and extreme weather, persisted in putting fragile supply chains in peril for most of the quarter. The U.S. supply chain gradually improved in the second half of 2023