SunSirs: The Vitamin Market Weakened This Week (March 13-17)
March 20 2023 13:46:11 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the trend of the vitamin market this week continued to be weak, with weak demand. The prices of most products continued to decline, and the trading of individual varieties was relatively active.
According to the price monitoring of SunSirs, the vitamin C market fell slightly this week, with the average price of food grade vitamin C at 26.33 RMB/kg at the beginning of the week and 26 RMB/kg at the end of the week, a decrease of 1.26%. The overall trading volume of vitamin C market was light, most of the traded orders were small orders. The downstream just in needed entered the market, and the demand was weak. The overall market situation was mostly in line with the market, with no significant positive support for the time being, and the operation was weaker.
The price of vitamin A continued to decline this week, with the average price of feed grade vitamin A at the beginning of the week at 92.5 RMB/kg and at the end of the week at 92.25 RMB/kg, a decrease of 0.27% during the week. On the 17th, the mainstream market quotation was 88-92 RMB/kg, while the European market quotation fell to 23.5-25 euros/kg. The vitamin A market maintained a weak downward trend. The domestic supply of vitamin A was surplus, coupled with weak demand, making it difficult to overcome the weakness of vitamin A.
The price of vitamin E had not fluctuated much this week, with the mainstream VE market quotation ranging from 75-80 RMB/kg. The quotation for the European market was 8.2-8.4 euros/kg. The willingness of factories to support prices was obvious, but the push up was weak. Market trading was slightly active, and market attention had increased.
Market outlook
According to vitamin analysts from SunSirs, as of the 17th, some vitamin markets remained weak and there was a strong wait-and-see atmosphere in the market. In the future, close attention should be paid to enterprise production, sales, and market trends.
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