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Market Reports

May 8, 2014
 
Firm demand from aquaculture sector underpins China vitamin C prices (week ended May 8, 2014)
 
An eFeedLink Exclusive
 

Price summary
 
Increasing demand from the aquaculture sector lent support to the vitamin C market. However, the upward momentum of the market was limited due to ample supply and slack demand from the hog sector, which was suffering severe losses even though hog prices picked up lately.
 
As of May 4, offer prices for pharmaceutical-grade vitamin C remained at RMB30/kg while quotes by small- and medium-scale producers were slightly lower. Prices of feed- and food-grade vitamin C were in the range of RMB28-29/kg.
 
Ex-factory quotes for coated ascorbic acid were mainly around RMB32/kg.
 
Prices quotes for L-ascorbate-2-phosphate products rose to RMB18-18.80/kg, while transacted prices were higher in the range of RMB17.50-17.880/kg. Some big volume deals were concluded at lower prices.
 

Transacted prices of vitamin C products in China

Region

Vitamin C contents (%)

Prices as of Apr 2  (RMB/kg)

Prices as of May 4  (RMB/kg)

Price Changes
(RMB/kg)

Vitamin C Raw Materials

Guangdong 

99%

28.50-30.00

28.50-30.50

0 to +0.50

Jiangsu 

99%

28.50-30.00

28.50-30.50

0 to +0.50

Shanxi 

99%

28.50-30.50

28.50-31.00

0 to +0.50

Shandong 

99%

28.00-30.00

28.00-30.50

0 to +0.50

Anhui 

99%

28.50-30.00

28.50-30.50

0 to +0.50

Hebei 

99%

28.00-30.00

28.00-30.50

0 to +0.50

Liaoning

99%

28.50-30.00

28.50-30.50

0 to +0.50

Coated Ascorbic Acid

Guangdong

93%

32.00-34.00

32.00-34.00

-

Zhejiang 

93%

31.50-33.50

31.50-33.50

-

Anhui 

93%

31.50-33.50

31.50-33.50

-

Hebei 

97%

31.50-33.50

31.50-33.50

-

Jiangsu 

97%

31.50-34.00

31.50-34.00

-

Liaoning

97%

31.50-34.00

31.50-34.00

-

L-Ascorbate-2-Phosphate

Whole China market

Locally produced (35%)

17.70-18.60

18.00-19.00

+0.30 to +0.40

All prices are representative and are for reference only.
RMB1=US$0.1603 (May 8)

 
 
Export
 
Ex-factory price quotes for the export markets were at US$4.20-4.30/kg or higher. Producers reported that demand from overseas market has slowed of late.
 
 
Market forecast
 
Strong demand from the aquaculture sector will help to underpin vitamin C prices. However, as several buyers have stockpiled ample inventories earlier, while the demand from hog sector is expected to remain slack, the upward scope of the market will be limited.
 


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