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November 17, 2008
                          
China niacinamide prices slide further 
                               
An eFeedLink Exclusive
                                             
                                                      
Prices were lower in post regions.
                                                       

Prices of niacinamide in China

Region

Imported products

Transacted prices
as of Oct 31
Transacted prices
as of Nov 14
Price change
(RMB/kg)

Beijing

96-100

93-96

-4 to -3

Shanghai

97-101

94-97

-4 to -3

Shanxi

97-101

94-97

-4 to -3

Jiangsu

98-102

95-98

-4 to -3

Shandong

96-100

93-96

-4 to -3

Sichuan

97-102

94-98

-4 to -3

Guangdong

98-103

95-99

-4 to -3

Price figures are based on Lonza, a major producer.
RMB1=US$0.1465 (Nov 17)
                                      
Demand for niacinamide was weak in China, causing prices to fall further. One major producer almost had no deals concluded over the past two weeks.
 
Prices of Lonza's niacinamide in the north were in the range of RMB 94-98/kg. Transacted prices in the south were slightly higher, with retail prices at about RMB100/kg.
            
Supplies of imported niacinamide by Degussa were lower, with general market prices in the range of RMB91-95/kg. Some small volume deals were concluded at slightly higher prices.
 
General market prices of India-produced niacinamide fell to the range of RMB 88-92/kg. Prices of other local producers were generally between 85-88/kg.
 
Prices of niacinamide are seen to remain weak in China. It is unlikely that prices will fall much as producers are almost at their breakeven point.
                         
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