December 26, 2008
 
China folic acid prices markedly lower on poor demand

 

 

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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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