August 16, 2013
More vitamin E price cuts in China
Over the past few weeks, prices moved lower.
Export orders of vitamin E were flat as renminbi strengthened of late while demand in Europe stayed soft. Producers were therefore compelled to lower prices to promote sales.
Price quotes of locally produced vitamin E fell to the range of RMB94-97/kg.
Vitamin E market will continue to be under pressure as supplies stay abundant while low feed consumption impedes sales of feed additives.
RMB1=US$0.1636 (Aug 16)
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