March 3, 2014
China vitamin C producers lift prices amid low inventory pressure
Even as domestic sales were slow due to low livestock population and slack feed demand, vitamin C producers continued to lift prices amid low inventory pressure.
As of March 2, ex-factory quotes for coated ascorbic acid stayed in the range of RMB30-31/kg.
Vitamin C prices are expected to stay firm despite poor local sales, as export orders stay strong amid a depreciating renminbi.
RMB1=US$0.1625 (Mar 3)
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