In the fourth quarter of 2022, Vitamin B12 Price continued to decline as a result of the long-drawn-out turmoil in the US domestic market, with CFR Los Angeles prices falling from $2230500/MT to $2173100/MT from October to December. The first week of October saw an interruption in imports from China due to the Golden Week holidays, so many domestic shops had to increase their price quotations to keep up with the persistent demand. Through most of the quarter, the tiebreakers—which included China's Covid lockdowns, Russia's conflict in Ukraine, growing US inflation, and severe weather—continued to endanger weak supply chains. In the second half of 2022, the U.S. supply chain progressively improved as the economy began to recover and the port of Los Angeles on the west coast dramatically reduced ship backlogs. Prices started to drop in November along all US supply chains, easing inflationary pressures.
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