November 4, 2011
Vitamin B2 trading in China remains sluggish
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Prices were lower.
Vitamin B2 trading in October remained sluggish as buyers relied mostly on existing stockpiles. Dealers were therefore forced to slash prices to clear inventories.
As of October 31, general market prices of locally produced vitamin B2 (80 percent content) slipped to around RMB147-152/kg, down RMB3/kg from September. Meanwhile, prices of locally produced vitamin B2 (98 percent content) were flat at RMB300/kg.
Vitamin B2 demand is unlikely to improve prominently in the coming period.
RMB1=US$0.1574 (Nov 4)
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