SunSirs: The Vitamin Market Was Mainly Stable with Slight Fluctuations This week (May 15-19)

Price trend

According to monitoring data from SunSirs, the vitamin market was mainly stable with slight fluctuations this week. Individual product inquiries were active, but 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 was running smoothly this week, with the average price of food grade vitamin C stabilizing at 24 RMB/ton/kg. The overall trading volume in the vitamin C market was light, with a high proportion of small orders being traded. Downstream entered the market just in needed, demand was weak, and the overall market situation was mostly in line with the market. There was currently no obvious positive support and the market was weaker.

This week, the price of vitamin A slightly decreased, with the mainstream price of feed grade vitamin A in the market being 88-90 RMB/ton/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 was weak and difficult to improve.

The price of vitamin E had not fluctuated much this week, and the current mainstream quotation in the VE market was between 75 to 80 RMB/ton/kg. The quotation for the European market was 7.9-8.3 euros per kilogram. The factory had a clear willingness to raise prices, but the push for price increases was weak. Market trading was mainly focused on demand, and the driving force for price increases was insufficient.

Market outlook

Vitamin analysts from the Chemical Branch of 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 needed to 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.