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December 29, 2008
 
China's niacinamide prices slide further
 
An eFeedLink Exclusive
 
 
Prices were lower in post regions.
 

Prices of niacinamide in China

Region

Imported products

Transacted price as of Nov 28 (RMB/kg)

Transacted price as of Dec 12 (RMB/kg)

Price change
 (RMB/kg)

Beijing

82-86

77-82

-5 to -4

Shanghai

83-87

78-83

-5 to -4

Shanxi

83-87

78-82

-5

Jiangsu

84-88

79-83

-5

Shandong

82-87

77-83

-5 to -4

Sichuan

84-88

79-83

-5

Guangdong

85-89

79-84

-6 to -5

Remarks: Prices indicated above are representative, and are for reference only.
RMB1=US$0.1461 (Dec 29)

Prices of niacinamide in China dropped as a major producer lowered its price quotes.
 
Prices of Lonza's niacinamide in the north were at RMB78-82/kg. Transacted prices in the south were slightly higher, with prices in some regions at around RMB85/kg.
            
Supplies of imported niacinamide by Evonik were tight, with general market prices in the range of RMB75-79/kg. Some small volume deals were concluded at slightly higher prices.
 
General market prices of India-produced niacinamide fell to around RMB80/kg. Prices of other local producers were generally between RMB75-78/kg.
 
China's niacinamide prices will likely remain weak in the near term amid tight competition.
 
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