July 18, 2013
Niacinamide market quiet in China
Prices moved remained unchanged during the period in review.
Niacinamide market remained despite Lonza’s price increment of 7% several weeks back. With supplies abundant and demand sluggish, most producers were reluctant to take the risk to lift prices, which would likely result in losing business.
Price quotes of Lonza's niacinamide were around RMB45/kg, while those of other brands stayed at RMB41.50-43.50/kg.
Weak feed demand and cautious mood of market participants will likely keep niacinamide prices flat together with abundant supplies.
RMB1=US$0.1630 (Jul 18)
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