November 23, 2004

Prices of China's Locally Produced Vitamin K3 Likely to Rise on Good Export Demand

An eFeedLink Exclusive Report

Ex-factory offer prices of China's locally produced vitamin K3 (MSB: 96%) remained mostly stable of late, at the level of RMB65/kg.

With good export demand, analysts believe that the prices are likely to move up in the near term. Currently, export prices of locally produced vitamin K3 are higher than those of domestic prices. However, given that most producers remain cautious on upward price adjustment to protect market share, the extent of the price increase is not likely to be too substantial.