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November 23, 2011
 
Cost decline weakens China choline chloride market
 
An eFeedLink Exclusive
 

Price summary
 
Prices were sharply lower.
 
Ex-factory prices of 50-percent content choline chloride by major producers in Shandong slipped to RMB5,500-5,750/tone, whereas those in Hebei and Jilin declined to RMB5,250-5,500/tonne and RMB5,700-5,800/tonne, respectively.

Prices of 60-percent content choline chloride were mostly higher by RMB650-750/tonne.

Meanwhile, prices of imported 50-percent content choline chloride were in the range of RMB6,300-6,500/tonne.
 

Transacted prices of choline chloride in China

Region

Prices as of Nov 4 (RMB/tonne)

Prices as of Nov 18 (RMB/tonne)

Price change (RMB/tonne)

Yunnan

5,450-5,700

5,200-5,450

-250

Sichuan

5,750-5,900

5,500-5,700

-250

Beijing

5,700-6,000

5,400-5,850

    -300 to -150

Heilongjiang

5,750-6,140

5,500-5,890

-250

Shanghai

5,850-6,150

5,600-5,900

-250

Guangzhou

5,900-6,200

5,650-6,000

    -250 to -200

Prices are for locally produced choline chloride (50 percent content). Prices are also representative and for reference only.
RMB1=US$0.1571 (Nov 23)


 
Market analysis

Choline chloride market came under pressure from slumping raw material costs, with prices of ethylene oxide and trimethylamine tumbling to RMB12,200-12,500/tonne and RMB7,300-7,500/tonne, respectively, over the past two weeks.

 
Market forecast

With livestock feed demand stalling and ethylene oxide and trimethylamine market downturn showing sign of easing, choline chloride prices may slip back in the coming period.
 

 
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