March 14, 2013
China niacinamide buyers increase stocks as prices strengthen
Prices moved higher during the period in review.
Lonza increased its price quotes of niacin and niacinamide by 9% during early March to sustain profits as the costs of raw ingredients moved higher. Several buyers restocked inventories eagerly amid concerns that prices are likely to rise further.
Price quotes of Lonza's niacinamide were at RMB37.50-39/kg.
High output costs will support niacinamide prices to stay firm even though market competition remains strong amid abundant supplies.
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