December 26, 2008
China folic acid prices markedly lower on poor demand
An eFeedLink Exclusive
Prices were substantially lower.
|
Region |
Prices as of November 19 (RMB/kg) |
Prices as of December 23 (RMB/kg) |
Price Changes
(RMB/kg) |
|
North |
225-245 |
195-215 |
-30 |
|
South |
230-250 |
200-220 |
-30 |
| RMB1=US$0.1464 (Dec 26) | |||
Transacted prices of locally produced folic acid fell to the range of RMB220/kg ex-factory.
In the general market, transacted prices by major producers were in the range of RMB200-220/kg, down RM30/kg from last month.
Amid poor demand, some smaller producers slashed prices to as low as RMB190/kg in a frantic move to attract buyers.
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