December 1, 2008

 

China's vitamin E prices weaken amid slack demand

 

An eFeedLink Exclusive         

 
 

Vitamin E prices were lower in most regions.

 

Prices of vitamin E in China

Region

Imported products

Locally produced products

Prices as of Nov 14

Prices as of Nov 28

Prices as of Nov 14

Prices as of Nov 28

Beijing

213-222

211-220

209-216

208-215

Shanghai

214-223

213-221

210-218

209-206

Shanxi

213-222

212-220

210-218

209-216

Jiangsu

214-223

213-221

211-218

210-216

Shandong

213-222

212-220

211-218

209-216

Sichuan

215-223

213-222

211-220

210-218

Guangdong

215-225

213-223

212-221

210-219

Prices are representative, and for reference only.
RMB1=US$0.1465 (Dec 1)

 

In the north, transacted prices of imported vitamin E were in the range of RMB215-220/kg. Transacted prices of locally produced vitamin E registered between RMB210/kg and RMB215/kg, some small volume deals concluded at slightly higher price levels. Prices in the south were slightly higher.

 

Vitamin E prices fell after a major producer lowered its price quotes, thereby affecting the market sentiments.

 

Vitamin E prices in China are likely to remain soft amid weak demand.
 
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