SunSirs: The Vitamin Market Remained Weak This Week (December 4-8)
December 11 2023 10:09:27 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the vitamin market remained weak this week, and downstream entry enthusiasm remained weak, resulting in a weak supply-demand situation in the market.
Analysis review
According to price monitoring by SunSirs, the vitamin C market had been operating steadily this week, with mainstream feed grade vitamin C prices ranging from 18 to 19 RMB/kg and European market vitamin C prices ranging from 2.25 to 2.40 euros/kg. Recently, the corn market had rebounded, providing increased support for the vitamin C market and experiencing a slight rebound. However, there was significant resistance on the demand side and the upward trend was weak.
This week, the price of vitamin A had slightly declined. The mainstream price of feed grade vitamin A in the market was 72-75 RMB/kg, and the European market quote was 18-20 euros/kg. The vitamin A market had stable trading, but due to the extended maintenance of foreign vitamin A factories, the market production and sales had been weak.
This week, the price of vitamin E had declined from a low level, with the mainstream price in the VE market ranging from 58 to 63 RMB/kg. The European market quotation was 6.5-6.9 euros/kg. Some large domestic factories were in the maintenance period and had suspended their quotations. Manufacturers rarely provided quotations, while traders followed the market and negotiated mainly.
Market outlook
Vitamin analysts from SunSirs believe that as of December 8th, some vitamins were still in a sluggish stage, with small single transactions on the market and a lack of 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.
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