November 1, 2013
Waning demand limits upward scope of China choline chloride market (week ended Oct 31, 2013)
An eFeedLink Exclusive
Price summary
Prices remained stable.
Ex-factory prices of 50-percent content choline chloride in Shandong were mostly at RMB4,950-5,000/tonne. In Hebei and Tianjin, prices were in the range of RMB4,600-4,800/tonne.
Prices of 60-percent content choline chloride were in the range of RMB5,600-5,750/tonne and RMB5,300-5,500/tonne in Shandong and Hebei respectively.
Market analysis
Demand for choline chloride was limited as aquaculture production continued to decrease while livestock feed consumption was slow. However, as several producers in Hebei halted operation amid stricter environmental regulations, low supplies underpinned the prices of choline chloride.
Aqua feed demand will shrink further, particularly in the north, as the climates turn colder. With demand waning, choline chloride market will be under pressure in the coming period even though production reduction in Hebei decimates supply.
Prices are representative and for reference only.
RMB1=US$0.1641 (Nov 1)
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
