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December 7, 2016

China vitamin K3 prices double in two months

An eFeedLink Exclusive   

     
Prices increase prominently.
 

Prices of local vitamin K3 in China (RMB/kg)

Price quotes as of Oct 20

Price quotes as of Nov 30

Price Changes 

60-64

105-110

+45 to +44

Prices are representative and for reference only.
RMB1= US$0.1452 (Dec 7)

 
As the availability of raw ingredients tightened, production volumes of vitamin K3 dropped drastically. Major producers lifted prices sharply since middle of November, prompting others to follow suit. Meanwhile, several distributors halted price releases with supplies were inconsistent.

Vitamin K3 prices are likely to surge further with the availability of raw ingredients scarce. However, buyers will limit buying as prices have almost doubled over the past two months.
 


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