Demand for the aquaculture sector was weaker than expected, hence resulting in excess supplies. Producers cut prices amid mounting inventory pressure.

In the local market, 99% raw powder vitamin C prices dropped to the range of RMB39.60-47/kg. Prices of 93% coated products consolidated around RMB39.60-49/kg whereas those of 35% phosphorylated ones were lower in the range of RMB16.50-19/kg.

Export prices of 98% coated products and 35% phosphorylated products fell to US$6.10/kg and US$2.55/kg respectively.

With sales slow, producers will be compelled to hold down prices in a bid to stimulate vitamin C sales. Nonetheless, sales are unlikely to increase tremendously with feed producers treading prudently.

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