SunSirs: The Vitamin Market Was Running Smoothly This Week (May 8-12)
May 12 2023 14:17:26 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the vitamin market remained stable and slightly volatile this week, with some product inquiries active and actual transactions limited. Most product prices were operating at the bottom and lacked upward momentum.
According to the price monitoring of SunSirs, the vitamin C market was running smoothly this week, with the average price of food grade vitamin C stabilizing at 24 RMB/kg. The trading volume in the vitamin C market was light overall, with a high proportion of small orders being traded. Downstream markets entered the market just in needed, with weak demand. The overall market situation was mostly in line with the market trend, with no obvious positive support and weaker operation at the moment.
This week, the price of vitamin A was temporarily stable, with the mainstream price of feed grade vitamin A in the market being 88-90 RMB/kg, and the European market quoting 21-27 euros/kg. The vitamin A market had stable trading volume. The domestic supply of vitamin A was surplus, coupled with weak demand, making it difficult to improve.
The price of vitamin E had not fluctuated much this week, and the mainstream quotation in the VE market was between 75 to 80 RMB/kg. The quotation for the European market was 7.9-8.3 euros per kilogram. The factories had a clear willingness to raise prices, but the push for price increases was weak. Market trading was mainly based on demand, and the driving force for price increases was insufficient.
Market outlook
Vitamin analysts from SunSirs believe that some vitamin markets are still weak and there is a strong wait-and-see atmosphere in the market. In the future, it is necessary to closely monitor the production, sales, and market trends of enterprises.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
