SunSirs: The Mainstream Vitamin Market Was Stable This Week (October 7-13)

Price trend

According to monitoring data from SunSirs, the overall trend of the vitamin market remained stable this week, with some product prices stabilizing. Due to long-term weak demand, most vitamin products had been in a prolonged downturn.

Analysis review

According to the price monitoring of SunSirs, the vitamin C market was running smoothly this week, with mainstream feed grade vitamin C prices ranging from 18 to 19 RMB/kg. The overall trading volume in the vitamin C market was light, with a high proportion of small orders being traded. Downstream markets entered the market just in needed, with weak demand. The overall market situation was mostly in line with the market, and there was no significant positive support, indicating a weaker performance.

This week, the price of vitamin A was running at a low level. The mainstream price of feed grade vitamin A in the market was 80-81 RMB/kg, and the quotation in the European market was 19-23 euros/kg. The vitamin A market had stable trading volume, but due to the extended maintenance of foreign vitamin A factories, the market production and sales were weak.

This week, the prices of vitamin E were at a low level, with mainstream prices in the VE market ranging from 68 to 72 RMB/kg. The European market offers a price of 6.8-7.2 euros per kilogram. Some large domestic factories were in the maintenance period and had suspended pricing. On August 1st, DSM VE products were suspended, increasing market attention. On September 14th, the market quotation for DSM VE was raised to 70 RMB/kg.

Market outlook

Vitamin analysts from SunSirs believe that some vitamins are currently in the bottom consolidation stage, with small and mostly single traded transactions on the market, lacking upward momentum. 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.