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The global markets of glucosamine have moved in opposite directions in the first half of October ****. The uptrend in Asian market was driven by the nutraceutical demand. Glucosamine HCl is essential for bone and joint supplements formulation and typically observes strong consumption as colder months approach. The downstream manufacturers in China and India have moved early to secure volumes of glucosamine. The increased offtake has drained local spot inventories which enabled the glucosamine suppliers to firm their offers while managing allocations to higher-priority buyers. The producers and exporters have faced consistent domestic and international enquiries that has nudged the glucosamine prices upward to protect margins. The North American markets had already replenished inventories in prior months and entered October with lower coverage needs which reduced the spot bids and softened the export market of New Jersey.
The prices of Glucosamine HCl FOB Qingdao...
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