February 15, 2024
China Niacin: Market lacks momentum (week ended Feb 13, 2024)
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Niacin market lacked momentum amid lacklustre demand.
Export prices of niacin were unchanged at US$4.50/kg.
Locally, transacted prices of niacin stayed at the range of RMB32.10-37/kg.
Niacinamide prices in China inched up to RMB37/kg.
Niacin producers are projected to limit production in a bid to hold prices firm.
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