Ex-factory prices of 50-percent content choline chloride in Shandong were softer at around RMB4,700/tonne. In Hebei and Tianjin, prices remained in the range of RMB4,350-4,500 /tonne.

 

Prices of 60-percent content choline chloride slid to the range of RMB5,300-5,450/tonne and RMB5,000-5,150/tonne in Shandong and  Hebei respectively.

 

 

 

Overall demand for aqua feed slowed as coastal regions were disrupted by stormy weather. With ample supplies in stock, feed millers reduced procurements while demand was limited. Meanwhile, choline chloride producers lowered prices amid low ingredients costs in efforts to boost sales.

 

Choline chloride prices, which have dropped considerably by around 5% since mid-June, will be more resistant to downward pressure in the coming period. Additionally, buoyant demand from the aquaculture sector will lend support to market even as hog sector registered slow sales. However, with buyers staying prudent while China's economy shows signs of weakening, choline chloride market is less likely to strengthen prominently during August.

 

Prices are representative and for reference only.