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SunSirs: The Vitamin Market Saw a Sight Increase This Week (March 18-22)
March 26 2024 11:03:21SunSirs(John)

Price trend

According to monitoring data from SunSirs, some varieties of vitamins in the market continued to rise this week, and the market atmosphere improved, with the overall market operating stronger.

Analysis review

According to price monitoring by SunSirs, the vitamin C market had slightly increased this week, with mainstream feed grade vitamin C prices ranging from 25 to 28 RMB/kg. Boosted by news, the market atmosphere had improved, and some traders had raised their prices, resulting in more factory suspensions.

This week, the price of vitamin A had slightly increased. The mainstream price of feed grade vitamin A in the market WAs 87-90 RMB/kg, and the European market quote was 19-21 euros/kg. It is reported that BASF's German factory plans to undergo maintenance for two months starting from the end of March. Market attention had increased, inquiries had been active, and traders had raised their prices.

This week, the price of vitamin E had slightly increased, and the mainstream price in the VE market was between 66-70 RMB/kg. The European market quotation was 7-7.4 euros per kilogram. There had been an increase in on-site inquiries, but the actual increase in market transactions was limited. The transaction atmosphere had improved, and traders were actively pushing up their prices.

Market outlook

Vitamin analysts from SunSirs believe that some vitamin markets had improved, but lacked actual order support and slow demand follow-up. Fortunately, the market atmosphere was relatively good, and it’s necessary to monitor the production, sales, and market trends of enterprises in the future.

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