Vitamins | Market inquiries sluggish and transactions low

Key points

Overall market has been stable but weak in China. Impacted by the tight supply of raw materials and elevated cost as well as the execution of “Dual Control on Energy Consumption”?policy, upstream factories tend strongly to uphold their quotations. Because of the cash flow pressure created by stocking, distributors have been highly?active in destocking. The downstream demand?has been?low?and hand-to-mouth purchases have been dominating the market.?The inquiry has been sluggish and overall transactions have been low. Prices for most products have been stable and weak. Actual orders have been made by negotiations. Attention should be paid to production & delivery status of the factories.

Most vitamin products?are at a disadvantage in?Europe.

On 06/06/2022, Jilin Beisha Pharmaceutical Co.,Ltd?decided the plan?to suspend VE?production for maintenance in mid-June?2022, which will last?7-8 weeks.

The online voting last week initiated by Effamall.com revealed that 38% of participants predicted price rise of Nicotinamide, 49% foresaw a drop, and 13% estimated a stable trend for a while.

<Effamall.com>

Price Update

*Note:?RMB prices exclude VAT rebates for export.

Calculation Formula: RMB price/exchange rate/ (100%+ 13% for VAT rebates)

Exchange rate on 08/06/2022: EUR/RMB7.1228, USD/RMB 6.6649.

<Effamall.com>

Company news

CFT data have shown that corn prices stayed stable?in?Northeast?China, North China and South China.

<Source: https://www.feedtrade.com.cn/yumi/????Date: 08/06/2022>

<Effamall.com>

Vitamin A

In Chinese market, prices have remained weak.?Inquiry has become average and demand has been low.

In Europe, the prices have decreased slightly. The new orders have been transacted below EUR55/kg. Hand-to-mouth purchases are dominating the market.?

Vitamin E

In China, prices have been strong in general, but dropped in certain regions. The demand has been low from downstream and the inquiries have been stable.?On 06/06/2022, Jilin Beisha Pharmaceutical Co.,Ltd?decided the plan?to suspend VE?production for maintenance in mid-June?2022, which will last?7-8 weeks.

In Europe, prices have been stable and weak. The demand is low. As the overall market prices have slipped, some terminals are holding wait-and-see attitude. Some large manufacturers will suspend production for maintenance gradually, which has yet to provoke any reactions in the market.

Vitamin D3

Distributors have been highly active in destocking?and prices have remained stable but low?in China. Demand has been weak and inquiry has been average.

In Europe, prices have dropped marginally?and the market remains quiet. In light of the transaction performance of VD3 in the past few years, hand-to-mouth purchase is being taken in the market.

Calcium Pantothenate

In China, with the execution of energy control policies and increased cost, the manufacturers tend to uphold the prices. More attention is being paid to the market. The market prices have remained strong with average inquires and transactions mainly made through negotiations.

In Europe, there has been little change in market prices, while the actual transaction prices are between EUR56-60/kg. The manufacturers have again uplifted the prices to USD80. The dealers are reluctant to sell out.?One European market information platform shows the trend of the price?decrease, however, the terminals of different level should judge the information by themselves. Some small traders are selling a small number of products at EUR2-3/kg below the market prices. The demand of Q3 2022 has not been fully satisfied.

Vitamin B1

Due to the cost uplift, factories have been upholding the quotations strongly, while?downstream demand has been?low and inquiry has been average, leading to steady?prices?as a result.

European market prices have been steady.

Vitamin B2

In China, impacted by the market information, inquiries have been slightly more active, and prices have gone up marginally,?but dropped in certain regions based on different brands and production dates.

In European market, there has been no change in pricing with a wide range. The dealers have intended to increase the prices, but the large manufacturers have managed to keep the price stable.

Vitamin K3

In China, demand has been average and inquiry has been sluggish. The market prices have remained high with a wide range.

The European market prices have been flat at EUR27.5-31/kg?with tight supply. In consideration of the high prices, risks and cash flows, some traders are reluctant to make?medium-to-long-term?quotations.?

Biotin

In Chinese market, transaction prices have remained steady but weak?while inquiry has been average.

In Europe, the prices for pure product have?dropped marginally to EUR290/kg with sufficient supply and low demand. The Biotin 2% prices have?been steady at EUR6.5/kg.?

Choline Chloride

Prices have remained strong and fluctuated at high level. The prices for trimethylamine and ethylene oxide, the major raw materials for choline chloride, have remained high. Attention should be paid to any further cost change and production & delivery performance.

In European market, the prices of?cho chl 70% have stayed at EUR2.0/kg?and have been flat at?EUR1.9/kg for cho chl 75%.?

<Effamall.com>

Other news

The freight

Maersk’s Performance Team subsidiary said it will open its second US cold-storage warehouse near the Port of New York and New Jersey as it seeks to add refrigerated cargo handling to its growing suite of integrated logistics services.

<Source:https://www.joc.com/international-logistics/industrial-real-estate/maersk-picks-nj-second-cold-storage-warehouse_20220606.html??Date: 08/06/2022>

<Source: https://finance.sina.com.cn/?>

Note: Global?futures data is “As of yesterday” due to time difference.

<Source: https://finance.sina.com.cn/?>

Note: Data for items with “*” is “As of yesterday” due to time difference.

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