SunSirs: The Vitamin Market Was Running Smoothly This Week (September 4-8)
September 11 2023 09:45:14 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the vitamin market was sorting out this week, with some products stabilizing after a decline, some products entering a maintenance concentration period, and most product prices running at the bottom, lacking upward momentum.
Analysis review
According to price monitoring by SunSirs, the vitamin C market was running smoothly this week, with mainstream feed grade vitamin C being quoted at 20-22 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, with weak demand. The overall market situation was mostly in line with the market, and there was temporarily no significant positive support, indicating a weaker performance.
This week, the price of vitamin A was running at a low level. The mainstream price of feed grade vitamin A in the market was 82-85 RMB/ton/kg, and the European market was quoting 20-24 euros/kg. The transaction volume in the vitamin A market was stable. Due to the extended maintenance of foreign vitamin A factories, the domestic export market had performed well and the export volume had steadily increased.
This week, the prices of vitamin E were at a low level, with mainstream prices in the VE market ranging from 68 to 73 yuan/kg. The quotation for the European market was 7-7.5 euros/kg. Some large domestic factories were in the maintenance period and suspended pricing. On August 1st, DSM VE products were suspended, increasing market attention.
Market outlook
Vitamin analysts from SunSirs believe that as of September 8th, some vitamins were in the bottom consolidation stage, with small and mostly single traded transactions on the market, lacking upward momentum. 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.
