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November 4, 2008


China niacinamide prices continue to slide 


An eFeedLink Exclusive

 
 
Prices
 

Prices of niacinamide in China

Region

Imported products

Offer price as of Oct 10 (RMB/kg)

Transacted price as of Oct 31 (RMB/kg)

Price change (RMB/kg)

Beijing

100-105

96-100

-5 to -4

Shanghai

101-107

97-101

-6 to -4

Shanxi

101-106

97-101

-5 to -4

Jiangsu

102-108

98-102

-6 to -4

Shandong

100-106

96-100

-6 to -4

Sichuan

102-107

97-102

-5

Guangdong

103-108

98-103

-5

Remarks: Prices indicated above are representative, and are for reference only.
RMB1=US$0.1460 (Nov 4)

 

Niacinamide demand has been weak in China recently, with one major producer almost had no deals concluded while prices of an imported product is lower than RMB100/kg.


Prices of Lonza's niacinamide in the north were in the range of RMB 97-101/kg. Transacted prices in the south were slightly higher, with retail prices at about RMB105/kg.


Supplies of imported niacinamide by Degussa were lower, with general market prices in the range of RMB94-98/kg. Some small volume deals were concluded at slightly higher prices.


General market prices of India-produced niacinamide were in the range of RMB92-95/kg. Prices of other local products were generally between 88-92/kg.


Any further slide in prices is likely to be minimal as producers are seen to stand firm as prices have fallen to near cost levels.
 
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