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December 1, 2008

 

China niacinamide prices fall on weak demand 
 

An eFeedLink Exclusive

 
 

Prices were lower in post regions.

 

Prices of niacinamide in China

Region

Imported products

Transacted prices as of Nov 14

Transacted prices as of Nov 28

Price change
(RMB/kg)

Beijing

93-96

86-90

-7 to -6

Shanghai

94-97

87-91

-7 to -6

Shanxi

94-97

87-91

-7 to -6

Jiangsu

95-98

88-92

-7 to -6

Shandong

93-96

86-90

-7 to -6

Sichuan

94-98

87-92

-7 to -6

Guangdong

95-99

88-93

-7 to -6

Price figures are based on Lonza, a major producer.
 RMB1=US$0.1456 (Dec 1)
 

Demand for niacinamide was weak in China as buyers purchased only when required. Prices weakened substantially as a result.

 

Prices of Lonza's niacinamide in the north were in the range of RMB88-92/kg. Transacted prices in the south were slightly higher.

            

Supplies of imported niacinamide by Degussa were tight, with general market prices in the range of RMB85-88/kg. Some small volume deals were concluded at slightly higher prices.

 

General market prices of India-produced niacinamide fell to the range of RMB 82-85/kg. Prices of other local producers were generally between 79-82/kg.

 

In the near term, niacinamide prices are seen stable to lower.
 
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