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SunSirs: The Vitamin Market Continued to Decline in November
December 01 2023 11:04:12SunSirs(John)

Price trend

According to the monitoring data from SunSirs, the domestic vitamin market continued to decline in November, with some products experiencing an intensified decline, and the market remained sluggish.

Analysis review

According to price monitoring by SunSirs, the decline in vitamin C prices intensified in November, with a price of 20 RMB/kg at the beginning of the month and 18.67 RMB/kg on the 29th, a monthly decrease of 6.65%. Affected by the continuous decline in demand, raw material prices had continued to decline, and the market price of vitamin C continued to decline. Upstream quotations followed the market, while downstream purchased only when they needed, and mainly based on demand.

The price of vitamin A continued to decline in November, with an average price of 82 RMB/kg at the beginning of the month and 79 RMB/kg at the end of the month, a monthly decrease of 5.14%. The mainstream market quotation was around 70-75 RMB/kg, and the European market quotation was 18-20 euros/kg. The demand for vitamin A in the market was weak, and domestic and foreign enterprises had extended their parking time, the supply side was tightening, but due to the weak demand side, the price center of vitamin A continued to shift downwards.

In November, the price of vitamin E continued to decline, with the mainstream market price around 65 RMB/kg. The European market quotation was 6.5-6.6 euros/kg. Large domestic factories had suspended production for maintenance, and the vitamin E market continued to decline. In October 2023, China's export volume of vitamin E reached 6,079.5 tons, a year-on-year increase of 13.3% and a month on month decrease of 16.7%. The demand in the export market was steadily increasing.

Market outlook

Vitamin analysts from SunSirs believe that the market for most vitamins was in a bottoming out stage, and the market was in a stage of finding support points. Without obvious positive factors to boost it, it is expected that most products will maintain volatility low levels. In the future, it should be paid closely monitor market trends and changes in enterprise production.

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