December 9, 2011
Stable supplies, low demand weigh on China vitamin B2 market
An eFeedLink Exclusive
Prices moved lower.
Stable supplies and lackluster demand pushed vitamin B2 prices lower in November.
As of November 30, general market prices of locally produced vitamin B2 (80 percent content) dropped to around RMB142-147/kg. Meanwhile, prices of locally produced vitamin B2 (98 percent content) were in the range of RMB290-300/kg.
In the wake of ample producer inventories and weakening market sentiment, vitamin B2 prices have room for further decline in the near term.
RMB1= US$0.1573 (Dec 9)
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