November 9, 2022

China Niacin: Strong export demand lifts prices (week ended Nov 7, 2022)

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Global production of niacin decreased, hence helping to strengthen the sales of Chinese products.
Export prices of niacin surged to US$3.70/kg.
Locally, transacted prices of niacin strengthened to the range of RMB26.60-29/kg.
Niacinamide prices in China were stable to higher at RMB28-29/kg.
With China-produced niacin cheap due to the depreciation of renminbi and global availability tight, strong demand will lend support to China's niacin market.

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