Lactochrome (Vitamin B2) price wouldn't increase in a large extent

   Date:2007/05/21     Source:
There was rumor that Guangji's lactochrome (Vitamin B2) factory price would increase to 340 Yuan/Kg from 240 Yuan/Kg. Huibei Guangji Pharmaceutical Co., Ltd reminded investors that now the need amount of lactochrome is about 6500-7000 ton in the whole world, no obvious increase compared to last year, so the price wouldn't got a large increase and enterprise's stocks wouldn't go up as high as the rumor.

 For the increase of quoted price in recent days, Guangji said it's because that few suppliers' supplying amounts decreased. The sales volume on the high prices took a low ratio in total trading vloume. In the future when the supply exceed the need, the price maybe go down.

Guangji said, its production capacity of lactochrome would be 2500-2700 ton in 2007 and it would reach 3800-4200 ton in 2008. But the practical output is decided by market situation.

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