SunSirs: The Vitamin Market Continued to Be Weak This Week (February 20-24)
February 27 2023 13:06:01 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the trend of the vitamin market continued to be weak this week, with poor demand. The prices of most products continued to fall, and some varieties rebounded.
According to the price monitoring of SunSirs, the market of vitamin C was stable this week, and the average price of food-grade vitamin C was stable at 27 RMB/kg, with no increase or decrease, with a year-on-year decrease of 33.33%. The overall trading of vitamin C market was light, and most of the deals were small orders. The downstream entered the market just on demand, and the demand was weak. The overall market mostly followed the market, and there was no obvious positive support for the time being, and the operation was weaker.
The price of vitamin A continued to fall this week. The average price of feed-grade vitamin A at the beginning of the week was 94.25 RMB/kg, and the average price at the end of the week was 94 RMB/kg. The drop was 0.27% during the week, and down 60.67% year on year. The mainstream market quotation was 90-92 RMB/kg, while the European market quotation fell to 24-29 euros/kg. The vitamin A market maintained a weak downward trend. The domestic vitamin A supply was surplus, and the demand was poor. The vitamin A market was weak and difficult to change.
The price of vitamin E stabilized this week, and the mainstream price of VE market was between 75-80 RMB/kg. The European market quoted 8.3-8.7 euro/kg. The willingness of the factory to support the price was obvious, and pushed the price up slightly. The market trading was slightly active, and the market attention increased.
Market outlook
The vitamin analysts of SunSirs believe that as of the 24th, some vitamin markets showed signs of rebound. If they can continue to rebound, they may boost other vitamin market information. In the future, pay close attention to the production, sales and market trends of enterprises.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
