November 24, 2011
 
China's largest niacinamide producer lowers quotes
 
An eFeedLink Exclusive
 
 
Prices were lower by RMB6.50/kg.
 

Prices of niacinamide in China

Region

Imported products

Transacted price as of Nov 4 (RMB/kg)

Transacted price as of Nov 18 (RMB/kg)

Price change
(RMB/kg)

Beijing

60.50-63.00

54.00-56.50

-6.50

Shanghai

61.00-63.00

54.50-56.50

-6.50

Shanxi

61.00-63.00

54.50-56.50

-6.50

Jiangsu

61.00-63.00

54.50-56.50

-6.50

Shandong

60.50-63.00

54.50-56.50

-6.50

Sichuan

61.00-63.00

54.50-56.50

-6.50

Guangdong

61.00-63.00

55.00-66.00

-6.00

Price figures are based on Lonza, a major producer.
RMB1=US$0.1571 (Nov 24)

 
Amid weak demand and intensifying market competition, China's largest niacinamide producer lowered quotes in November, prompting others to follow suit.
 
Transacted prices of Lonza's niacinamide dropped to RMB55/kg, while quotes by other producers dipped lower in the range of RMB53-54/kg.
 
With prices approaching production costs, niacinamide market sees limited downside risk in the near term.
 


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