August 23, 2018
China Feed Additives Market Monthly Review: China's Feed Additives Market Weekly Update (Week 33)
An eFeedLink Exclusive
Domestic demand for feed additives was soft over the week as feed millers stayed cautious. In a bid to stimulate export sales, feed additives producers held export prices low with renminbi depreciating.
In the vitamins market, prices of several products moved lower.
Record high prices of vitamin B12 dampened buying interest, compelling producers to cut prices to USD38/kg.
As BASF resumed production, ample availability dragged down the prices of vitamin A, vitamin E and vitamin D3 to USD52/kg, USD4.90/kg and USD60/kg respectively.
Although one major vitamin B2 producer halted operation for routine maintenance during July and August, prices continued to soften due to sluggish demand. Compared with the previous week's USD20.50/kg, vitamin B2 prices settled lower at USD20/kg.
Ample availability of vitamin K3, niacin and calcium pantothenic acid exerted pressure on the market. Prices of vitamin K3 slid to USD8.10/kg whereas those of niacin dipped to USD4.20/kg. Calcium pantothenic acid prices dropped by about 5% to USD10.80/kg.
Amino acids markets:
As producers limited production or halted operation for routine maintenance during summer, low output lent support to lysine market. Meanwhile, increased demand from overseas, in conjunction with a strong soymeal market, held sales firm. Prices of 70% and 98.5% lysine were at USD0.58/kg and 1.03/kg respectively.
Historic low threonine prices enticed buyers to make purchases, albeit prudently. However, threonine producers lowered export prices to USD1.07/kg in efforts to stimulate demand.
Tryptophan prices remained stable at USD8.50/kg with export demand improving.
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