August 24, 2022

China VC: Market consolidates as prices plunge 50% on-year (week ended Aug 22, 2022)

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Vitamin C market remained soft as producers were reluctant to cut prices amid limited returns. However, prices of coated vitamin C moved higher as producers cut production lately.
In the local market, 99% raw powder vitamin C prices dipped to the range of RMB20-23.50/kg. Prices of 93% coated products were in the range of RMB20.70-26 /kg. whereas those of 35% phosphorylated ones consolidated in the range of RMB15.10-18/kg.
Export prices of vitamin C (99% raw powder) dropped to US$2.95/kg whereas those of 98% coated products increased to US$3.05/kg. Prices of 35% phosphorylated vitamin C slid to US$2.22/kg respectively.
Prices of vitamin C, which have plummeted over 50% on-year, are less likely to drop substantially. Producers are expected to limit output in a bid to sustain prices.
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