SunSirs: The Vitamin Market Had Been Operating Steadily This Week (January 8-12)

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 rebounded this week, with mainstream quotes for feed grade vitamin C ranging from 20 to 22 RMB/kg. Due to the prolonged period of market downturn, enterprises had been losing money for a long time. Recently, the export market had improved, and factories had a strong willingness to raise prices, resulting in a slight increase in prices. There were occasional price increases in the market, but the actual increase in transaction volume was limited. Domestic demand was still weak, and the continued rise was weak.

This week, the price of vitamin A was temporarily stable, with the mainstream price of feed grade vitamin A in the market at 72-75 RMB/kg and a European market quotation of 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 remained stable at a low level, and the current mainstream price in the VE market is between 58-63 RMB/kg. The European market quotation was 6.3-7.0 euros per kilogram. 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 some vitamins were still in a sluggish stage, with small and single transactions on the market, lacking upward momentum. It should pay close attention to 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.