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SunSirs: This Week, the Vitamin Market Was Operating to Be Stronger (March 11-15)

March 19 2024 13:53:07     SunSirs (John)

Price trend

According to monitoring data from SunSirs, the vitamin market haD remained relatively stable this week, with some varieties experiencing slight increases and the overall market showing a stronger performance.

Analysis review

According to the price monitoring of SunSirs, the vitamin C market had slightly increased this week, with mainstream quotes for feed grade vitamin C ranging from 24 to 26 RMB/kg. Boosted by news, the market atmosphere had improved, and some traders had raised their prices, resulting in more factory suspensions.

This week, the price of vitamin A had slightly increased. The mainstream price of feed grade vitamin A in the market was 85-87 RMB/kg, and the European market quote was 19-21 euros/kg. It is reported that BASF's German factory planned to undergo maintenance for two months starting from the end of March. Market attention had increased, inquiries had been active, and traders had raised their prices.

This week, the price of vitamin E had slightly increased, and the mainstream price in the VE market was between 66-70 RMB/kg. The European market quotation was 7-7.4 euros per kilogram. The increase in European quotations had boosted the domestic market. The factory had maintained a suspension of reporting, and traders awere actively pushing for price increases, resulting in an improved transaction atmosphere.

Market outlook

Vitamin analysts from SunSirs believe that some vitamin markets had improved, but lacked actual order support and slow demand follow-up. If the positive news in the future is exhausted and prices continue to rise, there will be greater resistance. In the future, close attention will be paid to the production, sales, and market trends of enterprises.

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