January 2, 2014
Slow export demand limits China vitamin E price hikes (week ended Dec 31, 2013)
An eFeedLink Exclusive
Prices were stable to higher.
|
Prices of local vitamin E in China (RMB/kg) | ||
|
prices as of Dec 16 |
Prices as of Dec 31 |
Price Changes |
|
84-92 |
84-94 |
0 to +2 |
|
Prices are representative and for reference only. | ||
Most buyers have restocked inventories in Europe, resulting in a soft export market. Hence, even as domestic demand firmed up lately, vitamin E price hikes were limited during the period in review.
Vitamin E price quotes by major producers were mainly around RMB100/kg, while small producers priced their products lower.
In Europe, local producers' price quotes of vitamin E were mainly in the range of EUR8.90-9.20/kg. China producers' price quotes were at EUR7.65-7.75/kg.
Slow demand from Europe will limit the overall sales of vitamin E during January. However, prices are expected to rise as domestic buyers stockpile inventories in preparation for the Chinese New Year.
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