According to the bulk list data of business associations, in November, the domestic vitamin market experienced different overall declines, and the prices of some products further bottomed out, including the prices of vitamin A and vitamin C further declined, while the prices of vitamin E were relatively firm.
According to the price monitoring of the business community, the price of vitamin C continued to fall in November. The average price of food grade vitamin C at the beginning of the month was 28.67 yuan/kg, and the average price at the end of the month was 27.33 yuan/kg, with a monthly drop of 4.67% and a year-on-year drop of 43.06%. The factory continued to stop reporting, the traders’ prices followed the market, and the downstream purchase was insufficient. By the end of the month, the mainstream price of feed grade vitamin C was 22-23 yuan/kg.
In November, the price of vitamin A continued to fall. The average price at the beginning of the month was 108.5 yuan/kg, and the price at the end of the month was 106.5 yuan/kg, with a monthly drop of 1.84% and a year-on-year drop of 63.9%. The current mainstream market quotation is 100-104 yuan/kg, while the European market quotation drops to 29-33 euros/kg. On November 2, the price of Xinhecheng VA was raised to 125 yuan/kg. On November 21, DSM said that the Swiss VA factory would stop production for two months from January 2, 2023, and the market attention increased. However, due to the weak demand, the market transaction focus continues to drop, and the weak vitamin A market is hard to change.
In November, the price of vitamin E fell slightly. The average price of feed grade vitamin E at the beginning of the month was 83.33 yuan/kg, and the average price at the end of the month was 83 yuan/kg, with a monthly drop of 0.4%. The European market quoted 8.9-9.2 euros/kg. On November 2, the price of Xinhecheng VE was raised to 92 yuan/kg. On November 21, DSM said that due to the cost, VE products were reduced. The news guidance has limited impact on the market, but the price of vitamin E is relatively firm.
Future market forecast
Vitamin analysts from the Chemical Branch of the Business Society believe that: at present, the prices of some vitamin products have hit the bottom, and there is limited room for further downward adjustments. The future market may continue to be weak, and pay close attention to market trends and changes in enterprise production.