November 24, 2023

China VC: Prices rebound from historic lows (week ended Nov 20, 2023)

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Vitamin C producers limited production in efforts to strengthen prices. Prices of vitamin C moved higher amid improve demand and decreased supply.

In the local market, 99% raw powder vitamin C prices were stable to higher in the range of RMB16.10-17.70/kg. Prices of 93% coated products strengthened to RMB16.80-19.30/kg. whereas those of 35% phosphorylated ones were firm in the range of RMB11.20-13.60/kg.

Export prices of vitamin C (99% raw powder) rebounded to US$2.25/kg whereas those of 98% coated products rose to US$2.35/kg. Prices of 35% phosphorylated vitamin C increased to US$1.58/kg.

Producers of vitamin C will hold up prices while limiting output. Feed producers are expected to expand depleting stockpiles.

Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/325/5098

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