Price trend

According to the bulk list data from Business Society, the domestic vitamin market continued to decline in November, with some products experiencing an intensified decline and the market remaining sluggish.

According to price monitoring by Business Society, the decline in vitamin C prices intensified in November, with a price of 20 yuan/kg at the beginning of the month and 18.67 yuan/kg on the 29th, a monthly decrease of 6.65%. Affected by the continuous decline in demand, raw material prices have continued to decline, and the market price of vitamin C has continued to decline. Upstream quotations are subject to market trends, while downstream prices are subject to demand and purchase, with a focus on immediate needs.

The price of vitamin A continued to decline in November, with an average price of 82 yuan/kg at the beginning of the month and 79 yuan/kg at the end of the month, a monthly decrease of 5.14%. The current mainstream market quotation is around 70-75 yuan/kg, and the European market quotation is 18-20 euros/kg. The demand for vitamin A in the market is weak, and domestic and foreign enterprises have extended their parking time. The supply side is tightening, but due to the weak demand side, the price center of vitamin A continues to shift downwards.

In November, the price of vitamin E continued to decline, with the mainstream market price around 65 yuan/kg. The European market quotation is 6.5-6.6 euros/kg. Large domestic factories have suspended production for maintenance, and the vitamin E market continues to decline. In October 2023, China’s export volume of vitamin E reached 6079.5 tons, a year-on-year increase of 13.3% and a month on month decrease of 16.7%. The demand in the export market is steadily increasing.

Future Market Forecast

Vitamin analysts from the Chemical Branch of Business Society believe that the current market for most vitamins is in a bottoming out stage, and the market is in the stage of finding support points. Without obvious 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.