August 1, 2013
Flat demand dampens niacinamide price hike attempts in China
Prices were stable during the period in review.
Several smaller niacinamide producers attempted to lift prices as Lonza, the major player in the industry, maintained its high price quotes.
Nonetheless, demand was not strong enough to support the price hikes.
Price quotes of Lonza's niacinamide stayed at RMB45/kg.
Even though producers will stand firm on prices, low buying interest is expected to limit the upward scope of the market.
RMB1=US$0.1631 (Aug 1)
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