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SunSirs: The Vitamin Market Continued to Rise in March

April 02 2024 14:32:47     SunSirs (John)

Price trend

According to monitoring data from SunSirs, the domestic vitamin market maintained a stronger trend in March, with some products showing a good upward trend and the market atmosphere improving.

Analysis review

According to the price monitoring of SunSirs, the price of vitamin C increased in March, with a price of 21 RMB/kg at the beginning of the month and 24 RMB/kg on the 29th, with a monthly increase of 12.28%. Factories in the vitamin C market had continued to suspend reporting, with occasional high prices in the market, boosting market confidence. Inquiries on the market had been active, and traders had raised their prices.

The price of vitamin A continued to rise in March, with an average price of 82 RMB/kg at the beginning of the month and 86 RMB/kg at the end of the month, with a monthly increase of 4.46%. The mainstream market quotation was 85-90 RMB/kg, and the European market quotation was 19-21 euros/kg. With frequent news of parking and maintenance of vitamin A factories in Europe and expectations of tightening supply, the domestic vitamin A market had shown active performance, with traders pushing up prices.

In March, the price of vitamin E increased, with an average price of 67 RMB/kg at the beginning of the month and 70 RMB/kg at the end of the month, a monthly increase of 4.96%. The mainstream market price was around 68-72 RMB/kg. The European market quotation was 7-7.4 euros per kilogram. Recently, there had been many maintenance plans in China, with a favorable supply side and a strong willingness to raise prices upstream, which had provided some support for price increases.

Market outlook

According to a vitamin analyst from SunSirs, the vitamin market was expected to stabilize after a rise, with limited demand growth and increased resistance to future growth. The market trends and changes in enterprise production are closely monitored in the future, and it is expected that the vitamin market will maintain stable operation in the short term.

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