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SunSirs: The Vitamin Market Remained Weak This Week (December 18-22)
December 26 2023 10:26:23SunSirs(John)

Price trend

According to monitoring data from SunSirs, the vitamin market remained weak this week, and downstream entry enthusiasm remained weak, resulting in a weak supply-demand situation in the market.

Analysis review

According to price monitoring by SunSirs, the vitamin C market had rebounded this week, with mainstream feed grade vitamin C prices ranging from 20 to 22 RMB/kg and European market vitamin C prices ranging from 2.9 to 3.5 euros/kg. Due to the prolonged period of market downturn, enterprises had been losing money for a long time. Recently, the export market had improved, and factories had a strong willingness to raise prices, resulting in a slight increase in prices. There were occasional price increases in the market, but the actual increase in transaction volume was limited. Domestic demand was still weak, and the continued rise was weak.

This week, the price of vitamin A was temporarily stable, with the mainstream price of feed grade vitamin A in the market at 72-75 RMB/kg and a European market quotation of 18-20 euros/kg. The vitamin A market had stable trading, but due to the extended maintenance of foreign vitamin A factories, the market production and sales had been weak.

This week, the price of vitamin E remained stable at a low level, and the current mainstream price in the VE market was between 58-63 RMB/kg, the European market quotation was 6.3-6.7 euros/kg. Some large domestic factories were in the maintenance period and had suspended their quotations. Manufacturers rarely provided quotations, while traders followed the market and negotiate mainly.

Market outlook

A vitamin analyst from SunSirs believes that some vitamins were still in a sluggish stage, with small single transactions on the market and a lack of upward momentum. In the future, it should pay close monitor to the production, sales, and market trends of enterprises.

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

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