November 21, 2008
China's vitamin D3 prices edge lower on slack demand
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Prices were marginally lower.
|
Date: November 19, 2008 | ||||
|
Region |
Imported Products
(RMB/kg) |
Locally Produced Products
(RMB/kg) | ||
|
　 |
Offer Price |
Transacted Price |
Offer Price |
Transacted Price |
|
North |
88-105 |
85-102 |
51-54 |
50-53 |
|
South |
90-108 |
87-105 |
52-55 |
51-54 |
|
RMB1=US$0.1462 (Nov 21) | ||||
Buying interest was weak as most buyers generally have sufficient inventories on hand.
As of November 19, ex-factory quotes and general market transacted prices of locally produced vitamin D3 were RMB50/kg and RMB53/kg respectively. Transacted prices of imported vitamin D3 remained stable, with those for BASF between RMB85/kg and RMB92/kg, and those by DSM registering RMB100-108/kg or higher.
Near-term prices are likely to remain soft amid ample supplies and weak demand.
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