SunSirs: The Vitamin Market Was Weak and Declined This Week (November 6-10)
November 10 2023 14:47:10 SunSirs (John)
Price trend
According to the bulk list data of SunSirs, the vitamin market has been mainly down this week, with more factory closures for maintenance, resulting in a weak supply and demand situation in the market.
Analysis review
According to the price monitoring of SunSirs, the vitamin C market has been running smoothly this week, with mainstream feed grade vitamin C prices ranging from 18 to 19 RMB/ton/kg. The overall trading volume in the vitamin C market is light, with a high proportion of small orders being traded. Downstream markets enter the market just in demand, with weak demand. The overall market situation is mostly in line with the market, and there is currently no significant positive support, indicating a weak performance.
This week, the price of vitamin A is running at a low level. The mainstream price of feed grade vitamin A in the market is 74-76 RMB/ton/kg, and the European market quote is 19-22 euros/kg. The vitamin A market has stable trading volume, but due to the extended maintenance of foreign vitamin A factories, the market production and sales have become weak.
This week, the prices of vitamin E have been at a low level, with the current mainstream quotation in the VE market ranging from 63 to 65 RMB/ton/kg. The European market offers a price of 6.7-7.1 euros per kilogram. Some large domestic factories are in the maintenance period and have suspended pricing. On August 1st, DSM VE products were suspended, increasing market attention.
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. They should closely monitor the production, sales, and market trends of enterprises in the future.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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