January 21, 2013
Niacinamide market stays soft in China; output cost on the rise
Prices remained weak during the period in review.
Competition remained tough due to over-expansion of the industry over the past few years. Hence, niacinamide prices continued to hit new lows during the period in review.
Price quotes of Lonza's niacinamide fell marginally to RMB36.50/kg.
Niacinamide producers will be more cautious in cutting prices to move sales, as the costs of raw ingredient trimethylpyridine are on the rise. Niacinamide prices are therefore likely to stabilise gradually.
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