March 3, 2014
 
China vitamin C producers lift prices amid low inventory pressure (week ended Mar 2, 2014)
 
An eFeedLink Exclusive
 

Price summary
 
Export demand for vitamin C remained firm, helping producers to clear stocks. Hence, even as domestic sales were slow due to low livestock population and slack feed demand, vitamin C producers continued to lift prices amid low inventory pressure.
 
As of March 2, offer prices for pharmaceutical-grade vitamin C rose to RMB29/kg while quotes by small- and medium-scale producers were slightly lower. Prices of feed- and food-grade vitamin C increased to the range of RMB27-28/kg.
 
Ex-factory quotes for coated ascorbic acid stayed in the range of RMB30-31/kg.
 
Prices quotes for L-ascorbate-2-phosphate products remained at RMB17.30-18/kg, while transacted prices were in the range of RMB16.80-17.30/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 Feb 18      (RMB/kg)

Prices as of Feb 18 (RMB/kg)

Price Changes
(RMB/kg)

Vitamin C Raw Materials

Guangdong 

99%

26.50-28.50

27.00-29.00

0.5

Jiangsu 

99%

26.50-28.50

27.00-29.00

0.5

Shanxi 

99%

27.00-28.50

27.50-29.00

0.5

Shandong 

99%

26.50-28.00

27.00-28.50

0.5

Anhui 

99%

26.50-28.50

27.00-29.00

0.5

Hebei 

99%

26.50-28.00

27.00-28.50

0.5

Liaoning

99%

26.50-28.50

27.00-28.50

0.5

Coated Ascorbic Acid

Guangdong

93%

30.50-32.50

30.50-32.50

-

Zhejiang 

93%

30.00-32.00

30.00-32.00

-

Anhui 

93%

30.00-32.00

30.00-32.00

-

Hebei 

97%

30.00-32.00

30.00-32.00

-

Jiangsu 

97%

30.50-32.00

30.50-32.00

-

Liaoning

97%

30.50-32.00

30.50-32.00

-

L-Ascorbate-2-Phosphate

Whole China market

Locally produced (35%)

17.40-18.00

17.40-18.00

-

All prices are representative and are for reference only.
RMB1=US$0.1625 (Mar 3)

 
 
Export
 
Ex-factory price quotes for the export markets strengthened further to US$4.10-4.20/kg or higher.
 
 
Market forecast
 
Vitamin C prices are expected to stay firm despite poor local sales, as export orders stay strong amid a depreciating renminbi. However, prices are unlikely to rise prominently with Chinese feed millers holding back purchases.
 


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