Price trend

According to the bulk list data of Business Society, the domestic vitamin market continued to decline in August, with concentrated maintenance by vitamin manufacturers, tight supply, and weak production and sales during the off-season of demand.

According to the price monitoring of Business Society, the price of vitamin C slightly decreased in August, with a price of 23.33 yuan/kg at the beginning of the month and 22.33 yuan/kg on the 31st, a monthly decrease of 4.29%. Affected by the continuous decline in demand, the market price of vitamin C has continued to decline. With the weather turning hot, there are more planned maintenance companies and a decrease in vitamin supply. Downstream demand remains small and rigid, controlling the market situation. The focus of consolidation trading has fallen.

The price of vitamin A slightly adjusted in July, with an average price of 90.75 yuan/kg at the beginning of the month and 89.5 yuan/kg at the end of the month, a monthly decrease of 1.38%. The current mainstream market quotation is around 85 yuan/kg, while the European market quotation is 20-24 euros/kg. The weak demand in the vitamin A market has led to prices dropping to their lowest levels in recent years, with limited room for further decline.

In July, the price of vitamin E slightly adjusted, and the mainstream market price remained stable around 70 yuan/kg. The quotation for the European market is 7-7.5 euros/kilogram. Large domestic factories have suspended production for maintenance, and the vitamin E market has shown a stabilizing trend. In July 2023, China’s vitamin E export volume was 5697.54 tons, a year-on-year decrease of 7.83%,

Future Market Forecast

Vitamin analysts from the Chemical Branch of the Business Society believe that some vitamin prices have already bottomed out, and there is limited room for upstream price reductions. The market is in the stage of finding support points, and without significant positive factors to boost it, most products are expected to maintain low volatility. In the future, we will closely monitor market trends and changes in enterprise production.