December 3, 2004
Prices of Vitamin C Products in China Lower on Dismal Demand
An eFeedLink Exclusive Report
I Price Summary
Influenced by dismal domestic market demand, prices of vitamin C products in China have fallen significantly in recent days, despite the relatively good export demand.
As at December 3, prices of vitamin C products in China are as follows:
|
Region |
Vitamin C contents |
Prices as at November 29(RMB/kg) |
Prices as at December 3(RMB/kg) |
Price Changes (RMB/kg) |
|
Vitamin C Raw Materials | ||||
|
Guangdong |
98% |
47 |
47 |
0 |
|
|
98% |
52 |
42 |
-10 |
|
|
99% |
47 |
47 |
0 |
|
|
99% |
50 |
50 |
0 |
|
|
99% |
50 |
48 |
-2 |
|
|
99% |
50 |
47 |
-3 |
|
Coated Ascorbic Acid | ||||
|
|
93% |
70 |
70 |
0 |
|
|
93% |
56 |
54 |
-2 |
|
|
97% |
55 |
53 |
-2 |
|
|
97% |
62 |
52 |
-10 |
|
L-Ascorbate-2-Phosphate | ||||
|
Whole China market |
Imported (35%) |
75 |
75 |
0 |
|
Whole China market |
Locally Produced (35%) |
38 |
35 |
-3 |
| Remarks: Prices indicated above are representative and are for reference only. | ||||
Analysts expect vitamin C market in China to remain mostly weak in the weeks ahead with prices seen moving downward marginally.
II Exports of China's Vitamin C Raw Materials
Although China's exports of vitamin C raw materials have remained positive lately, export prices have been weakened.
Current offer prices of China's locally produced vitamin C raw materials for exports to European and American markets have fallen by US$0.20/kg to US$4.80/kg. Offer prices for exports to Southeast Asia and Africa regions have dropped by US$0.50/kg to the level of US$5.00/kg.
With uncertainty in export markets for the coming year, some Chinese producers have stopped issuing offer prices for delivery in February 2005.
