January 6, 2017
High prices of niacinamide dampen buying interest in China
An eFeedLink Exclusive
Prices were stable to higher.
|
Prices of local niacinamide in China (RMB/kg) | ||
|
Prices as of Dec 19 |
Prices as of Dec 31 |
Price Changes |
|
53-56 |
55-56 |
+2 to 0 |
|
Prices are representative and for reference only. | ||
Producers continued to stand firm on prices as the production of niacinamide remained limited due to scarce supplies of raw ingredients. However, buyers, who were wary of the high costs, held back purchases, hence putting a lid on the prices.
As feed millers limit usages, prices of niacinamide will consolidate around current levels.
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