April 28, 2017
China niacinamide prices remain stable as buyers withhold purchases
An eFeedLink Exclusive
Prices stayed unchanged.
|
Prices of local niacinamide in China (RMB/kg) | ||
|
Price quotes as of Apr 16 |
Price quotes as of Apr 26 |
Price change |
|
70-75 |
70-75 |
0 |
|
Prices are representative and for reference only. | ||
Feed millers were reluctant to make purchases while prices of niacinamide remained at historic high levels. Hence, even though supplies of the product remained scarce due to insufficient raw ingredients, prices failed to climb higher.
Weak demand put a lid on niacinamide prices in the coming period. Unless supplies tighten further, prices are less likely to move higher.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
