December 10, 2004
Prices of Vitamin C Products in China Weaken Marginally Of Late; Export Stays Positive
An eFeedLink Exclusive Report
Prices of vitamin C products in China continued to weaken marginally in recent days. Several major Chinese producers said that their export demand remains good.
As at December 10, prices of vitamin C products in China are as follows:
|
Region |
Vitamin C contents |
Prices as at December 3(RMB/kg) |
Prices as at December 10(RMB/kg) |
Price Changes (RMB/kg) |
|
Vitamin C Raw Materials | ||||
|
|
98% |
47 |
47 |
0 |
|
|
99% |
42 |
42 |
0 |
|
|
99% |
47 |
47 |
0 |
|
|
99% |
50 |
50 |
0 |
|
|
99% |
48 |
43 |
-5 |
|
|
99% |
47 |
47 |
0 |
|
Coated Ascorbic Acid | ||||
|
|
93% |
70 |
70 |
0 |
|
|
93% |
54 |
50 |
-4 |
|
|
97% |
53 |
53 |
0 |
|
|
97% |
52 |
52 |
0 |
|
L-Ascorbate-2-Phosphate | ||||
|
Whole China market |
Imported (35%) |
75 |
75 |
0 |
|
Whole China market |
Locally Produced (35%) |
35 |
34 |
-1 |
| Remarks: Prices indicated above are representative and are for reference only. | ||||
Analysts expect prices of vitamin C products in China to remain dismal in the near to medium term as the period from December to March is traditionally a lull season for vitamin C demand in China.
II Exports of China's Vitamin C Raw Materials
Export prices of China's locally produced vitamin C raw materials stay largely unchanged from last week.
As at December 10, offer prices of China's produced vitamin C raw materials for exports to European and American markets remain at the level of US$4.80/kg. Offer prices for exports to Southeast Asian and African countries are currently hovering at US$5.00/kg.
With uncertainty in export markets in the coming year, Chinese producers have stopped issuing offer prices for delivery in February 2005.
