Price trend

According to the monitoring data of SunSirs, the vitamin market continued its weak decline in the first week of November. In the middle of the week, the market received price adjustment information from large manufacturers. The market attention increased and the decline slowed down.

According to the price monitoring of SunSirs, the price of vitamin C continued to fall this week. The average price of food grade vitamin C at the beginning of the week was 28.67 RMB/kg, and the average price at the weekend was 28.33 RMB/kg, down 1.19%, and down 41.79% year on year. The factories continued to stop quoting, the trader's price followed the market, the downstream was just on-demand, and the factories made profits-cutting to deliver the goods.

The price of raw corn was relatively strong. It is expected that during the first half of November, the price of corn in most parts of the country will remain stable, and the overall price will continue to rise slightly. The probability of callback will gradually increase in the second half of November.

In October, the price of vitamin A continued to drop, with an average price of 108 RMB/kg at the beginning of the week and 107 RMB/kg at the weekend, down 0.92% and down 63.97% year on year. The current mainstream market quotation is 100-105 RMB/kg, while the European market quotation drops to 30-35 euros/kg. On November 2, the price of Xinhecheng Vitamin A was raised to 125 RMB/kg, and the market showed a trend of stabilizing.

The price of vitamin E remained stable this week. The current VE market price is 82-84 RMB/kg, and the European market price is 8.9-9.2 euros/kg. On November 2, the price of Xinhecheng Vitamin E was raised to 92 RMB/kg. The active market inquiry and increased market attention further boosted the vitamin E market.

Market outlook

The vitamin analyst from the SunSirs believes that: the current vitamin market inquiry has increased, but the actual transaction orders have not increased significantly. The industry is more cautious and wait-and-see, the procurement was mainly based on demand. It is expected that the vitamin market will continue to weaken in the near future.

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