January 17, 2014
Weak China niacinamide market under pressure
Prices remained soft during the period in review.
Slow demand and strong competition compelled niacinamide producers to keep prices attractive to entice buyers.
Transacted prices of niacinamide from a major producer were unchanged at RMB39-40/kg.
The sales of niacinamide will reduce gradually as feed millers gradually halt production in the coming weeks with Chinese New Year approaching.
RMB1=US$0.1652 (Jan 17)
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