SunSirs: The Vitamin Market Was Running Smoothly This Week (May 22-26)
May 29 2023 10:48:49 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the vitamin market remained stable and slightly volatile this week, with some product inquiries active and actual transactions limited. Most product prices were operating at the bottom and lacked upward momentum.
According to the price monitoring of SunSirs, the vitamin C market was running smoothly this week, with the average price of food grade vitamin C stabilizing at 24 RMB/kg. The overall trading volume in the vitamin C market was light, with a high proportion of small orders being traded. Downstream entered the markets just in needed, with weak demand. The overall market situation was mostly in line with the market, and there was currently no significant positive support, indicating a weaker performance.
This week, the price of vitamin A had slightly decreased, with the mainstream price of feed grade vitamin A in the market being 88-90 RMB/kg, and the European market quoting 20.5-27 euros/kg. The vitamin A market had stable trading volume, with an oversupply of domestic vitamin A and weak demand, making it difficult to improve.
The price of vitamin E had not fluctuated much this week, and the mainstream quotation in the VE market was between 75 to 80 RMB/kg. The quotation for the European market was 7.8-8.25 euros/kg. The factory had a clear willingness to raise prices, but the push for price increases was weak. Market trading was mainly on demand, and the driving force for price increases was insufficient.
Market outlook
Vitamin analysts from the Chemical Branch of SunSirs believe that some vitamin markets were still weak, and there was a strong wait-and-see atmosphere in the market. In the future, it is necessary to closely monitor the production, sales, and market trends of enterprises.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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