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December 8, 2016

Folic acid producers negotiate price in China to move sales
 
An eFeedLink Exclusive         
 
 
Prices fell substantially.
                                                        

Prices of folic acid in China (RMB/kg)

Prices as of Oct 21

Prices as of Dec 8

Price change

330-380

290-320

-40 to -60

RMB1=US$0.1452 (Dec 8)


With prices at record high levels, buyers were reluctant to purchase folic acid unless necessary. Several producers lowered prices in a bid to entice buyers.
 
Folic acid market is expected to stay soft as producers are more willing to negotiate prices amid strong competition. However, as pollution controls remain strict, tight availability will lend some support to the market.
 


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