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SunSirs: Insufficient Purchasing Power, the Vitamin Market Ran Smoothly (January 1-6)

January 09 2023 10:50:02     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the vitamin market was stable as a whole this week, and individual products were slightly adjusted. The overall market did not change significantly.

According to the price monitoring of SunSirs, the price of vitamin C rose slightly this week. The average price of food grade vitamin C at the beginning of the week was 27.33 RMB/kg, and the average price at the weekend was 27.66 RMB/kg, up 1.24%.The overhaul or shutdown plan of some factories led to the tightening of vitamin C supply on the market. The market was willing to support prices, and some factories pushed up slightly, but the market response was flat and the trading atmosphere was weak.

The price of raw corn fluctuated. It is expected that during the first half of January, the price of corn in the main production areas will continue to be weak in general, and there will still be an opportunity for the price of corn in some areas to rise moderately in a short time, but this will not change the overall weak situation of the price trend across the country.

The price of vitamin A fell slightly this week. The average price of feed grade vitamin A was stable at 104.5 RMB/kg at the beginning of the week and 103.5 RMB/kg at the weekend, with a drop of 0.96% in the week. On the 6th, the mainstream market quotation was 95-100 RMB/kg, while the European market quotation fell to 26-30 euros/kg. DSM said that since January 2, 2023, two vitamin A plants in Switzerland had stopped production, but overall, the situation of oversupply in the market is hard to change, and the vitamin A market is still at the bottom of the weak operation.

The price of vitamin E was stable this week. On the 6th, the VE market quoted 82-84 RMB/kg, while the European market quoted 8.7-9.2 euros/kg. The factory had an obvious willingness to maintain the price, the export demand was relatively stable, the downstream demand was dominated by rigid demand, and there were few new orders.

Market outlook

According to vitamin analysts from SunSirs, the market demand was relatively weak recently, and the future market is close to traditional festivals. There is no obvious evidence of downstream hoarding. Most deals are small orders. 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.

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