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December 1, 2008

 

Prices of Vitamin A in China drop despite lower supply

 

 

An eFeedLink Exclusive         

            

Prices were lower in most regions.
 

Prices of vitamin A in China

Region

Country/

Prices as of

Prices as of

Price Changes (RMB/kg)

origin

Nov 14

Nov 28

Beijing

Imported

212-225

192-205

-20

Locally produced

200-215

180-195

-20

Shanghai

Imported

215-225

195-205

-20

Locally produced

205-218

185-198

-20

Shanxi

Imported

215-223

195-203

-20

Locally produced

205-215

185-195

-20

Jiangsu

Imported

213-225

193-205

-20

Locally produced

205-217

185-197

-20

Shandong

Imported

213-223

193-203

-20

Locally produced

202-215

182-195

-20

Sichuan

Imported

215-224

195-204

-20

Guangdong

Imported

215-225

195-205

-20

 Prices are representative and for reference only. 
RMB1=US$0.1465 (Dec 1)
 

Supplies of VA reduced over past two weeks as some major producers halted production temporarily. However, this did not stop VA prices from falling.

 

In the north, transacted prices of imported vitamin A were in the range of RMB195-210/kg. Transacted prices of locally produced vitamin A registered between RMB185-200/kg; some big volume deals were concluded at slightly lower price levels. Prices in the south were slightly lower as traders tried hard to release old stocks.

 

General market prices of imported vitamin "A1,000" by a foreign producer were between RMB360/kg and RMB380/kg. Prices of water-soluble vitamin A were RMB 265-280/kg. Overall, the prices were marginally lower.

 

Domestic and export demand for VA are expected to remain weak amid economic turmoil. Prices of VA in China are therefore seen weaker in the near term.
 
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