June 8, 2022
China VE: Imminent production drop (week ended Jun 6, 2022)
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Vitamin E markets stayed weak amid slack demand.
NHU has scheduled to halt operation for 8-9 weeks starting mid-June for routine maintenance.
While export price softened to US$11.30/kg, vitamin E prices in the local market dropped to the range of RMB75.70-87/kg.
In Europe, price quotes of vitamin E slid to the range of EUR9.90-10.20/kg.
Production drop will lend some support to vitamin E market in the coming weeks.
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