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.
 
 

Full version of the report is available at https://spoutinfo.com/market-forecast-detail/29/32/327/4475 
   
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
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