China's vitamin C prices soften amid weaker exports
 

Price summary

 

Asking prices for vitamin C by the four major producers were between RMB108-115/kg while actual transacted prices were lower.  Prices by some small and medium producers were lower. Market prices were in the range of RMB100-108/kg. Lower priced products were eagerly sought for export.

 

Most producers were producing small quantity of coated ascorbic acid and were supplying from existing inventories to meet market demand. Ex-factory quotes by major producers in Beijing and Zhejiang were mainly at RMB98-107/kg while some in Taige, Anhui would offer lower than RMB90/kg. Average transacted prices in the market were between RMB93-102/kg.

 

Market transacted prices for L-ascorbate-2-phosphate products have fallen to RMB44-46/kg. Some customers concluded deals at prices lower than RMB43/kg.

 

Weekly transacted prices of vitamin C products in China
Region	Vitamin C contents (%)	Prices as of Oct 24 (RMB/kg)	Prices as of Nov 7 (RMB/kg)	Price Changes (RMB/kg)
Vitamin C Raw Materials
Guangdong	98	101-108	100-107	-1
Jiangsu	99	99-107	98-106	-1
Shanxi	99	99-106	98-106	-1
Shandong	99	99-107	98-107	-1
Anhui	99	99-107	99-106	-1
Hebei	99	99-107	99-106	-1
Liaoning	99	99-107	99-106	-1
Coated Ascorbic Acid
Guangdong	93	92-104	91-102	-2 to -1
Zhejiang	93	90-105	89-103	-2 to -1
Anhui	93	90-100	89-99	-1
Hebei	97	90-98	89-97	-1
Jiangsu	97	92-101	90-100	-2 to -1
Liaoning	97	91-99	90-98	-1
L-Ascorbate-2-Phosphate
Whole China market	Locally produced (35%)	44-47	43-46	-1
All prices are representative and are for reference only. RMB1=US$0.1465 (Nov 10)

 

 

Exports

 

In the past two weeks, quotes for the export market were US$14.00 and above. Quotes for bigger export quantities were lower by US$1/kg while some producers would offer long- term customers prices as low as US12.00/kg.

 

 

Market forecast