December 10, 2011
Tight competition, soft demand weaken China niacinamide prices
An eFeedLink Exclusive
Prices continued to fall.
|
Prices of niacinamide in China | |||
|
Region |
Imported products | ||
|
Transacted price as of Nov 18 (RMB/kg) |
Transacted price as of Dec 5 (RMB/kg) |
Price change (RMB/kg) | |
|
Beijing |
54.00-56.50 |
51.00-53.50 |
-3 |
|
Shanghai |
54.50-56.50 |
51.50-53.50 |
-3 |
|
Shanxi |
54.50-56.50 |
51.50-53.50 |
-3 |
|
Jiangsu |
54.50-56.50 |
51.50-53.50 |
-3 |
|
Shandong |
54.50-56.50 |
51.50-53.50 |
-3 |
|
Sichuan |
54.50-56.50 |
51.50-53.50 |
-3 |
|
Guangdong |
55.00-66.00 |
52.00-54.00 |
-3 to -2 |
|
Price figures are based on Lonza, a major producer. |
| ||
Niacinamide producers lowered prices in a bid to entice buyers amid fierce market competition. Nonetheless, trade did not improve by a lot as feed demand was slack.
Transacted prices of Lonza's niacinamide moved lower to the range of RMB51-52/kg, while quotes by other producers reduced to RMB50-51/kg.
Abundant supplies in conjunction with diminished feed demand will continue to keep niacinamide prices weak.
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