SunSirs: The Vitamin Market Stabilized in April
May 07 2024 11:13:29 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the domestic vitamin market saw a decrease in growth in April, with some products stabilizing and the market atmosphere average.
Analysis review
According to the price monitoring of SunSirs, the price of vitamin C increased in April, with a price of 24 RMB/kg at the beginning of the month and 25 RMB/kg on the 30th, with a monthly increase of 4.11%. Factories in the vitamin C market had continued to suspend quoting, with occasional high prices in the market, boosting market confidence. Inquiries on the market was active, and traders had raised their prices.
In April, the price of vitamin A continued to rise, with an average price of 86 RMB/kg at the beginning of the month and 86.67 RMB/kg at the end of the month, with a monthly increase of 0.76%. The mainstream market quotation was 85-90 RMB/kg, and the European market quotation was 19-21 euro/kg. With frequent news of parking and maintenance of vitamin A factories in Europe and expectations of tightening supply, the domestic vitamin A market had shown active performance, with traders pushing up prices.
Vitamin E prices remained stable in April. The mainstream market price was around 68-72 RMB/kg. European market quotation was 7. 4-7.8 euro/kg. Recently, there had been many maintenance plans in China, with a favorable supply side and a strong willingness to raise prices upstream, which had provided some support for price increases.
Market outlook
According to a vitamin analyst from SunSirs, the vitamin market is expected to stabilize after a rise, with limited demand growth and increased resistance to future growth. The market trends and changes in enterprise production are closely monitored in the future, and it is expected that the vitamin market will maintain stable operation in the short term.
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