SunSirs: The Vitamin Market Was Weak and Stable This Week ((March 20-24)
March 28 2023 09:35:25 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the vitamin market was mainly stable with small changes this week, individual product inquiries were active and actual transactions were limited. Most product prices were operating at the bottom, lacking upward momentum.
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 RMB/kg at the beginning of the week and 25.67 RMB/kg at the end of the week, a decrease of 1.27%.The overall trading volume of vitamin C market was light, and most of the traded orders were small. The downstream entered the market just in needed, and the demand was weaker.
This week, the price of vitamin A remained low and stable. The mainstream price of feed grade vitamin A in the market was 88-93 RMB/kg, and the European market quoted 23.5-25 euros/kg. The vitamin A market maintained a weak downward trend, with domestic vitamin A oversupply and 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 current mainstream price quoted in the VE market 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 increased.
Market outlook
Vitamin analysts from SunSirs believe that some vitamin markets were still weak and there was a strong wait-and-see atmosphere in the market. Pay close attention to enterprise production, sales and market trends in the future
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