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December 13, 2008
 
Prices of Vitamin A in China slide on soft demand
 
An eFeedLink Exclusive         
            

Prices were lower in most regions.
 

Prices of vitamin A in China

Region 

Country origin

Price as of Nov 28  (RMB/kg)

 Price as of Dec 12 (RMB/kg)

Price change (RMB/kg)

Beijing

Imported

192-205

170-183

-22

Locally produced

180-195

158-173

-22

Shanghai

Imported

195-205

172-182

-23

Locally produced

185-198

160-173

-25

Shanxi

Imported

195-203

173-182

-22 to -21

Locally produced

185-195

163-173

-22

Jiangsu

Imported

193-205

170-185

-23 to -20

Locally produced

185-197

163-175

-22

Shandong

Imported

193-203

170-182

-23 to -21

Locally produced

182-195

160-173

-22

Sichuan

Imported

195-204

173-182

-22

Guangdong

Imported

195-205

173-183

-22

Remarks: Prices indicated above are representative and are for reference only.
RMB1=US$0.1462 (Dec 13)
 
Several major vitamin A producers halted production over past two weeks amid weak market sentiments. Prices weakened further as traders cleared inventories to improve cash flow.

In the north, transacted prices of imported vitamin A were in the range of RMB175-190/kg. Transacted prices of locally produced vitamin A registered between RMB165/ kg and RMB180/kg; some big volume deals were concluded at slightly lower price levels. Prices in the south were slightly lower as traders with tight cash situation tried hard to clear old stocks.

General market prices of imported vitamin "A1,000" by a foreign producer were between RMB320/kg and RMB340/kg. Prices of water-soluble vitamin A were RMB 265-280/kg. Overall, the prices were lower.

Most traders are selling below cost price to cut losses and imrove cash flow. Prices are unlikely to fall by any significant margin in the near term.
 
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