April 30, 2013
China vitamin E prices consolidate lower
Over the past few weeks, prices were marginally lower.
Prices of vitamin E consolidated lower form the recent hikes, as buyers withheld purchases after securing sufficient supplies.
Price quotes of locally produced vitamin E were slightly lower in the range of RMB102-105/kg.
The export demands for China-produced vitamin products have weakened substantially due to the appreciation of renminbi. This, in conjunction with lacklustre domestic demand due to the cautious mood of buyers, will likely drag vitamin E prices down in the coming period.
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