SunSirs: This Week, the Vitamin Market Remained Stable with minor fluctuations (April 15-19)
April 22 2024 14:59:23 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the vitamin market remained stable with little movement this week, with most products maintaining stable operation and overall market performance average.
Analysis review
According to price monitoring by SunSirs, the overall vitamin C market remained stable this week, with some minor adjustments. The mainstream quotation for feed grade vitamin C was 25-28 RMB/kg. The vitamin C market was operating strongly, with downstream procurement on demand and upstream suspension of reporting, resulting in average overall market trading.
This week, the price of vitamin A remained stable, with the mainstream price of feed grade vitamin A in the market being 87-90 RMB/kg, and the European market quoting 19-21 euros/kg. It is reported that BASF's German factory planed to undergo maintenance for two months starting from the end of March. Market attention had increased, inquiries were active, and actual transactions were limited.
This week, the price of vitamin E remained stable, with the mainstream VE market quotation ranging from 66 to 70 RMB/kg. The European market quotation was 7-7.4 euros per kilogram. Mainstream factories continued to suspend reporting, and traders quoted according to market trends. The market lackd positive signal guidance, and the overall trend is stable.
Market outlook
SunSirs’ Vitamin Analyst believes that the market news was full of positive news, with slow demand follow-up and a weakening market atmosphere. It is expected that the vitamin market will consolidate in the short term, and close attention will be paid to enterprise production, sales, and market trends in the future.
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