February 22, 2017
Vitamin B2 prices dip significantly in China amid excess availability
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Prices fell at a faster pace.
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Prices of local vitamin B2 in China (RMB/kg) | ||
|
Price quotes as of Jan 26 |
Price quotes as of Feb 17 |
Price Changes |
|
255-260 |
240-250 |
-15 to -10 |
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Prices are representative and for reference only. | ||
Post-festive transaction was limited due to low animal inventories. Vitamin B2 producers slashed prices as the capacity of the industry expanded after new plants commenced production.
Vitamin B2 market is set to remain weak due to the expansion in output and slow feed demand.
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