The vitamin market continued to decline in September

Price trend

According to the bulk list data of Business Society, the domestic vitamin market continued to decline in September, with some factories having extended maintenance times, production and sales declining, and some vitamin products continuing to decline.

According to the price monitoring of Business Society, the price of vitamin C slightly decreased in September, with a price of 22.33 yuan/kg at the beginning of the month and 22 yuan/kg on the 28th, a monthly decrease of 1.48%. Affected by the continuous decline in demand, the price of vitamin C in the market continues to decline. Upstream quotations are on the market, while downstream prices are on demand and on demand.

In September, the price of vitamin A slightly adjusted, with an average price of 89.5 yuan/kg at the beginning of the month and 87.75 yuan/kg at the end of the month, a monthly decrease of 1.96%. The current mainstream market quotation is around 80 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 September, the price of vitamin E slightly adjusted, and the mainstream market price remained stable around 70 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 has shown a stabilizing trend. In August 2023, China’s vitamin E export volume was 6665.3 tons, a year-on-year increase of 28.6%, indicating stable demand in the export market.

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 significant price reductions upstream. 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.