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SunSirs: The Vitamin Market Was Weak This Week (August 21-25)
August 29 2023 09:34:57SunSirs(John )

Price trend

According to the monitoring data of SunSirs, the vitamin market has been sorting out this week, with some products stabilizing after a decline, some products entering a maintenance concentration period, and most product prices running at the bottom, lacking upward momentum.

According to price monitoring by SunSirs, the vitamin C market was running smoothly this week, with mainstream feed grade vitamin C quotes of 20-22 RMB/kg. The overall trading volume in the vitamin C market was light, with a high proportion of small orders being traded. Downstream entered the market just in needed, with weak demand. The overall market situation was mostly following the market, and there was currently no significant positive support, indicating a weaker performance.

This week, the price of vitamin A was running at a low level. The mainstream price of feed grade vitamin A in the market was 85-90 RMB/kg, and the European market was quoting 20-24 euros/kg. The transaction volume in the vitamin A market was stable. Due to the extended maintenance of foreign vitamin A factories, the domestic export market performed well and the export volume had steadily increased.

This week, the prices of vitamin E were at a low level, with mainstream prices in the VE market ranging from 68 to 73 RMB/kg. The quotation for the European market was 7-7.5 euros/kg. Some large domestic factories were in the maintenance period and had suspended pricing. On August 1st, DSM VE products were suspended pricing, and market attention increased.

Market outlook

Vitamin analysts from SunSirs believe that as of August 25, some vitamins were in the bottom consolidation stage, with small and mostly single traded transactions on the market, lacking upward momentum. In the future, it is necessary to closely monitor the production, sales, and market trends of enterprises.

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