Choline Chloride Prices Begin to Drop
As the price and supply of ethylene oxide and trimethylamine have stabilized, the price of Choline Chloride has also begun to drop. Coupled with decreases in feed demand reported across China and the stabilization of shipping costs, DDP price entries on Glowlit are down 28% globally from their peak registered in February2021.
Vitamin B3 Prices Steadily Increase
From a low of 5.5 USD per kg in November 2020, the price of vitamin B3 is now rising steadily around the world. Most recently, Shandong Kunda Biotechnology Co raised the price of 3-cyanopyridine, a precursor of nicotinamide, and raised the price of nicotinamide itself. Kunda blames this move on the rising cost of raw materials. Additionally, the turmoil in India due to rapidly increasing rates of COVID may cause buyers to hedge their supply with Chinese origin products. Our thoughts are with our colleagues in India.
We previously reported that on January 5th of this year Pritzker Private Capital acquired the Vertellus group. It seems they got into the Vitamin B3 market at just the right time.
We’re starting this week by addressing two items that warrant a bit of clarification and more careful qualification, in that order.
We heard from a reader recently that the inclusion of an archived blog post in a newsletter from earlier this month may have sent the wrong message. The blog post in question was on the topic of declining prices of Vitamin E50, and was originally published in April 2020. The reader suggested that the inclusion of this particular blog post, at a time when E50 prices are actually on the increase, sends a confusing message.
We’re here to tell you that the archived Vitamin E50 blog post was in no way a comment on the current market behavior of E50. A big thank you to the reader who provided this valuable insight – we’ve since added a step in our editorial review to ensure that we don’t inadvertently include information that is confusing, misleading, or offering unintended commentary.
As for the second matter, we had a couple of readers from Asian countries reach out to tell us that our most recent newsletter included some information that didn’t reflect regional differences in trends. We had reported last week that meat and bone meal were seeing an overall decrease in trading throughout the Middle East and Asia. Thanks to these readers, certain countries, like Thailand, lit up on the Glowlit map. MBM is actually seeing a regional increase in both demand and price in these countries .
These conversations are exactly the reason that we launched Glowlit, to create a crowdsourced conversation on market trends in different parts of the world. Of course, as more users enter information on Glowlit, that information becomes more and more accurate. So let’s keep the conversation going.