August 18, 2023

China VC: Export prices move lower (week ended Aug 13, 2023)

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Prices o vitamin C were mainly stable in the domestic market amid slow sales. Nonetheless, export prices moved lower due to the recent depreciation of renminbi.

In the local market, 99% raw powder vitamin C prices stayed in the range of RMB16-19.50/kg. Prices of 93% coated products softened to RMB17-21/kg. whereas those of 35% phosphorylated ones remained in the range of RMB11.90-14.80/kg.

Export prices of vitamin C (99% raw powder) decreased to US$2.20/kg whereas those of 98% coated products fell to US$2.45/kg. Prices of 35% phosphorylated vitamin C dipped to US$1.65/kg.

Vitamin C demand is expected to improve with hog prices surging 24% over the past several weeks. However, with supplies ample, the upward scope of the market will be limited.

Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/325/4953

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