SunSirs: Weak Demand, Vitamin Market Was Mainly Stable with Small Fluctuations (December 05-09)

Price trend

According to the monitoring data of SunSirs, the vitamin market overall remained weak this week. Downstream demand was weak, and the focus of vitamin A negotiation was further lowered.

Analysis review

According to the price monitoring of SunSirs, the price of vitamin C was stable this week, and the average price of food grade vitamin C was stable at 27.33 RMB/kg, with no increase or decrease, down 42.67% year on year. The factories continued to stop quoting, the trader's price followed the market, and the downstream was mainly on rigid demand, the factories gave way to profits to deliver the goods.

The price of raw corn weakened. It is expected that in the second half of the month, with the increase of demand for stocking and warehouse building before the Spring Festival at the demand terminal, the price will have another opportunity to rise.

The price of vitamin A decreased slightly this week. The average price of feed grade vitamin A at the beginning of the week was 106 RMB/kg, and the average price at the weekend was 104 RMB/kg, with a weekly drop of 1.88% and a year-on-year drop of 64.27%.As of December 11, the mainstream market quotation was 95-102 RMB/kg, while the European market quotation fell to 26-30 euros/kg. Foreign enterprises had plans to stop production, and the domestic market was still in a situation of oversupply. It is difficult to improve the market in the short term.

The price of vitamin E was stable this week. On the 11th, the VE market quoted 82-84 RMB/kg, while the European market quoted 8.8-9.2 euros/kg. The demand remained weak, and the price of vitamins was relatively strong supported by the export market.

Market outlook

According to the vitamin analyst from SunSirs, the market demand was relatively weak recently, and the end customers basically purchased a small amount as needed, without any good news guidance for the time being. It is expected that the vitamin market will remain weak next week, and pay close attention to the production downtime and delivery of the factory.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com