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