October 29, 2012
China niacinamide producers cut prices to entice buyers
Prices reduced further during the period in review.
Niacinamide prices continued to slide as producers gave discounts amid fierce competition to attract buyers. However, buyers were reluctant to stockpile high inventories with feed demand slack, hence decimating the sales of niacinamide.
Price quotes of Lonza's niacinamide fell to RMB38/kg.
With demand weak and competition strong, niacinamide prices are poised to stay low in China.
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
