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June 29, 2018
 
China vitamin B2 market recovers as prices approach historic lows 
                     
An eFeedLink Exclusive         
 
 
Prices moved higher.
 

Prices of local vitamin B2 in China (RMB/kg)

Price quotes as of May 29

Price quotes as of Jun 25

Price Changes 

120-130

158-165

+48 to +35

Prices are representative and for reference only.
RMB1=US$0.1508 (Jun 29)

 
Compared with October 2017's record highs, vitamin B2 prices tumbled 70% by late May, approaching 2010's historic lows.
 
Several producers stopped taking orders with limited socks to s. Hence, prices climbed steadily after middle of the month while buyers who restocked depleting stocks.
 
The competition for market shares due to new players in the market will ease with prices at current low levels. As overseas demand strengthen, prices of vitamin B2 are likely to rise further.
 


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