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SunSirs: The Vitamin Market Was Weak and Declined This Week (September 18-22)
September 25 2023 14:13:22SunSirs(John)

Price trend

According to monitoring data from SunSirs, the overall trend of the vitamin market this week was downward, with some product prices further falling. Due to weak demand in a long time, most vitamin products had been in a prolonged downturn.

Analysis review

According to price monitoring by SunSirs, the vitamin C market was running smoothly this week, with mainstream feed grade vitamin C quotes of 18-20 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 on demand, and their demand was weak. The overall market situation was mostly in line with the market, and there was temporarily 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 80-82 RMB/kg, and the quotation in the European market was 20-24 euros/kg. The vitamin A market had stable transactions, but due to the extended maintenance of foreign vitamin A factories, the market production and sales were weak.

This week, the prices of vitamin E were at a low level, with mainstream prices in the VE market ranging from 68 to 72 RMB/kg. The European market offered a price of 6.8-7.2 euros/kg. Some large domestic factories were in the maintenance period and had suspended pricing. On August 1st, DSM VE products were suspended pricing, which increased market attention. On September 14th, the market quotation for DSM VE was raised to 70 RMB/kg.

Market outlook

Vitamin analysts from SunSirs believe that some vitamins were in the bottom consolidation stage as of September 22, and mostly transactions traded were small orders on the market, lacking upward momentum. In the future, it is necessary to closely monitor the production, sales, and market trends of enterprises.

If you have any questions, please feel free to contact SunSirs with

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