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December 7, 2016


China vitamin B2 producers attempt to lift prices
 

An eFeedLink Exclusive         

 


Prices slid lately.

 

Prices of local vitamin B2 in China (RMB/kg)

Price quotes as of Oct 20

Price quotes as of Dec 2

Price Changes 

270-280

265-275

-5

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


Producers of vitamin B2 attempted to increase prices during the period in review. However, with demand slack and supplies ample, prices moved lower, albeit marginally.


Export demand for vitamin B2 is expected to be firm as producers are able to lower prices while sustaining profits due to the sharp depreciation of renminbi. Should supplies dwindle, prices of vitamin B2 are likely to rebound in December.

 


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