March 28, 2017
China vitamin E prices weaken under increased availability
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Prices moved lower.
|
Prices of local vitamin E in China (RMB/kg) | ||
|
Prices as of Mar 9 |
Prices as of Mar 24 |
Price change |
|
54-56 |
53-55 |
-1 |
|
Prices are representative and for reference only. | ||
|
RMB1=US$0.1453 (Mar 28) | ||
Supplies of vitamin E increased as a new manufacturer started producing in commercial scale. Prices softened further as supplies exceeded demand.
Vitamin E market is expected to stay weak due to oversupply.
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