Price trend

According to the bulk list data of Business Society, the domestic vitamin market continued to decline in October, with some products experiencing a worsening decline and the market remaining sluggish.

According to the price monitoring of Business Society, the price of vitamin C weakened in October, with a price of 22 yuan/kg at the beginning of the month and 20 yuan/kg on the 31st, a monthly decrease of 9.09%. Affected by the continuous decline in demand, the prices of raw materials continue to decline, and the market price of vitamin C continues to decline. Upstream quotations are on the market, downstream prices are on demand, and demand is mainly on demand.

The price of vitamin A weakened in October, with an average price of 87 yuan/kg at the beginning of the month and 82 yuan/kg at the end of the month, a monthly decrease of 5.7%. The current mainstream market quotation is around 75-80 yuan/kg, while the European market quotation is 12-22 euros/kg. The demand for vitamin A in the market is weak, and domestic and foreign enterprises have extended parking hours. The supply side has tightened, but due to the weak demand side, the price center of vitamin A continues to shift downwards.

In October, the price of vitamin E slightly adjusted, and the mainstream market price remained stable around 65 yuan/kg. The European market offers a price of 6.8-7.2 euros per kilogram. Large domestic factories have suspended production for maintenance, and the vitamin E market continues to decline. In September 2023, China’s vitamin E export volume reached 7300.5 tons, an increase of 86.7% year-on-year and 9.5% month on month, indicating a stable growth in export market demand.

Future Market Forecast

Vitamin analysts from the Chemical Branch of the Business Society believe that some vitamin prices are currently operating at the bottom, and there is limited room for further downward adjustments in the future. The market is in the stage of finding support points, and without significant positive factors to boost it, it is expected that most products will maintain low volatility. In the future, we will closely monitor market trends and changes in enterprise production.