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December 22, 2016

Vitamin B2 market stays soft on slack demand in China
                         
An eFeedLink Exclusive         
 
 
Prices remained weak.
 

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

Price quotes as of Dec 2

Price quotes as of Dec 19

Price Changes 

265-275

260-270

-5

Prices are representative and for reference only.
RMB1= US$0.1439 (Dec 22) 

 
Although major producers held price quotes of vitamin B2 firm, smaller producers who were eager to clear stocks negotiated prices.
 
Slow feed demand is expected to weigh on vitamin B2 market. Buyers, who are extremely prudent due to the bleak outlook of China's economy, will hold back purchases with prices on the high side.
 


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