Varying Trends of Glucosamine Due to Difference in Market Dynamics and Inventory Levels

The prices of Glucosamine were showing variation in trends across different markets in first half August of xxxx. The variation in prices was because each market has its own dynamics of production and the demand for the product is different in each market. The prices of Glucosamine in the export market of China has continued to experience a significant downtrend which was a result of surplus of the product in the market.

The demand from the Chinese domestic manufacturers was weak and subdued due to already maintained inventories which was a result of week end-user offtake. The Chinese Glucosamine manufacturers should have adjusted their production runs according to the real time demand but they failed to do so. The regular production cycles without any constraints have resulted in ample availability of the product in the market which resulted in a...