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SunSirs: The Vitamin Market Saw Mixed Ups and Downs in December
December 29 2023 15:13:24SunSirs(John)

Price trend

According to the bulk list data of SunSirs, some varieties in the domestic vitamin market stopped falling and rebounded in December, while the decline of other varieties decreased, and the price center began to stabilize.

Analysis review

According to the price monitoring of SunSirs, the price of vitamin C stopped falling and rebounded in December, with a price of 18.67 RMB/kg at the beginning of the month and 19.33 RMB/kg on the 28th, with a monthly increase of 3.54%. The vitamin C market was sluggish and fell until mid December, with manufacturers experiencing severe losses and operating at a low level. Thanks to the positive support of the export market, factories drove up, but due to demand constraints, the continued rise was weak. After the rise, it remained stable until the end of the month.

The price of vitamin A continued to decline in December, with an average price of 77 RMB/kg at the beginning of the month and 75 RMB/kg at the end of the month, a monthly decrease of 2.57%. The mainstream market quotation was around 70-75 RMB/kg, and the European market quotation was 18-20 euros/kg. The prolonged downturn in the vitamin A market had led to a reduction in factories and parking to avoid losses, resulting in a tightening of the supply side and a decrease in factory prices.

In December, the price of vitamin E continued to decline, with the mainstream market price around 60-65 RMB/kg. The European market quotation was 6.3-6.9 euros/kg. Domestic large factories had plans to shut down production for maintenance in January, which boosted market information and narrowed the decline.

Market outlook

Vitamin analysts from SunSirs believe that most of the vitamin market was in the stage of finding support points, and without obvious positive factors to boost it, it is expected that most products will maintain volatility at low levels. In the future, it’s should pay close attentions to monitor market trends and changes in enterprise production.

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