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December 10, 2011
 
Tight competition, soft demand weaken China niacinamide prices
 
An eFeedLink Exclusive
 
 
Prices continued to fall.
 

Prices of niacinamide in China

Region

Imported products

Transacted price as of Nov 18 (RMB/kg)

Transacted price as of Dec 5 (RMB/kg)

Price change (RMB/kg)

Beijing

54.00-56.50

51.00-53.50

-3

Shanghai

54.50-56.50

51.50-53.50

-3

Shanxi

54.50-56.50

51.50-53.50

-3

Jiangsu

54.50-56.50

51.50-53.50

-3

Shandong

54.50-56.50

51.50-53.50

-3

Sichuan

54.50-56.50

51.50-53.50

-3

Guangdong

55.00-66.00

52.00-54.00

-3 to -2

Price figures are based on Lonza, a major producer.
RMB1=US$0.1573 (Dec 9)

 


Niacinamide producers lowered prices in a bid to entice buyers amid fierce market competition. Nonetheless, trade did not improve by a lot as feed demand was slack.
 
Transacted prices of Lonza's niacinamide moved lower to the range of RMB51-52/kg, while quotes by other producers reduced to RMB50-51/kg.
 
Abundant supplies in conjunction with diminished feed demand will continue to keep niacinamide prices weak.
 


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