August 1, 2022
China Choline Chloride: Prices rebound amid improved demand (week ended Aug 1, 2022)
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Lacklustre hog feed demand impeded the sales of choline chloride. Producers slashed prices as the costs of raw ingredients fell of late.
Export prices of 50% choline chloride and 60% products fell substantially to US$00.95/kg and US$1/kg respectively while those of 70-75% liquid products dipped to US$1.10/kg.
In China, transacted prices of 50% choline chloride decreased to the range of RMB6.37-6.50/kg and those of 60% choline chloride dropped to RMB6.70/kg. Prices of 70%-75% liquid products plummeted to RMB7.37/kg.
Choline chloride demand will remain weak as hog feed consumption is slow amid low animal inventories. Producers will keep prices low in a bid to entice buyers while production costs are lower.
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/325/4284
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