October 21, 2016
Increased output costs lift China niacinamide prices (week ended Sep 14, 2016)
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Prices moved higher.
|
Prices of local niacinamide in China (RMB/kg) | ||
|
Price quotes as of Sep 14 |
Price quotes as of Oct 20 |
Price Changes |
|
30-33 |
35-38 |
+5 |
| Prices are representative and for reference only. RMB1=US$0.1480 (Oct 21) | ||
Despite sluggish post festive demand, prices of niacinamide firmed up while the costs of raw ingredient trimethylpyridine surged amid reduced production.
Producers of niacinamide will attempt to lift prices to cover the increased production expenses. However, with feed demand sluggish, feed millers will limit buying of ingredients, hence putting a lid on niacinamide prices.
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