SunSirs: The Vitamin Market Was Weak This Week (July 5-9)
July 12 2021 14:28:23 SunSirs (John)
Price trend
According to data from SunSirs’ bulk list, the price of domestic vitamin C temporarily stabilized this week, with the average price stable at 50.67 RMB/kg, with no rise or fall.
Analysis review
According to the monitoring data of SunSirs, the domestic vitamin C market was strong in appearance but weak inside, and the market was sluggish. The mainstream price was 48-50 RMB/kg. Entering July, the factory continued to stop reporting, and market attention increased. Traders were actively selling goods, and the actual transaction price was mainly negotiated. Upstream corn prices continued to be weak, and downstream demand performance was mediocre.
This week, the mainstream price of vitamin A was 310-325 RMB/kg. The factory stopped reporting and traders were actively shipping. Xinhecheng’s VA oil plant planned to start overhauling for 10 weeks in early July. This week, the VA market price was running at a high level, and the downstream purchased on demand, and the market trading situation was fair.
The mainstream price of vitamin E this week was 78-80 RMB/kg. The purchases and sales on the market were light, the supply was sufficient, and some manufacturers had maintenance plans. Downstream demand was general, traders were eager to sell goods, the price of VE declined slightly.
Market outlook
The vitamin analyst of SunSirs believes that: on the whole, the current supply and demand of the vitamin market are weak, and it is expected that the vitamin market will be sorted out in the near future.
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