China niacinamide prices fall on weak demand
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Prices were lower in post regions.
|
Prices of niacinamide in China | |||
|
Region |
Imported products | ||
|
Transacted prices as of Nov 14 |
Transacted prices as of Nov 28 |
Price change
(RMB/kg) | |
|
|
93-96 |
86-90 |
-7 to -6 |
|
Shanghai |
94-97 |
87-91 |
-7 to -6 |
|
Shanxi |
94-97 |
87-91 |
-7 to -6 |
|
Jiangsu |
95-98 |
88-92 |
-7 to -6 |
|
Shandong |
93-96 |
86-90 |
-7 to -6 |
|
Sichuan |
94-98 |
87-92 |
-7 to -6 |
|
Guangdong |
95-99 |
88-93 |
-7 to -6 |
| Price figures are based on Lonza, a major producer. | |||
| RMB1=US$0.1456 (Dec 1) | |||
Demand for niacinamide was weak in China as buyers purchased only when required. Prices weakened substantially as a result.
Prices of Lonza's niacinamide in the north were in the range of RMB88-92/kg. Transacted prices in the south were slightly higher.
Supplies of imported niacinamide by Degussa were tight, with general market prices in the range of RMB85-88/kg. Some small volume deals were concluded at slightly higher prices.
General market prices of India-produced niacinamide fell to the range of RMB 82-85/kg. Prices of other local producers were generally between 79-82/kg.
