October 21, 2005

Prices of vitamin B12 in China generally weak following intense competition
 

An eFeedLink exclusive report  
 

Prices of vitamin B12 in China were generally weak in recent days, despite stable trade.

Recent offer prices of imported and locally produced vitamin B12 (high-pressure liquid) generally hovered at RMB340/kg and were in the range of RMB320-325/kg respectively. Transacted prices were generally lower by about RMB5/kg.

Meanwhile, offer and transacted prices of locally produced vitamin B12 (ultra-violet examined) generally hovered at RMB180/kg and RMB175/kg respectively. Transacted prices fell by about RMB2/kg from pre-National Day holiday levels.

It was reported that vitamin B12 producers in Hebei province were engaged in intense competition, thus causing a decline in prices there. Consequently, prices of vitamin B12 in China generally moved lower lately, with further weakening seen in the near term.

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