June 15, 2022

China VA: Sharp price falls under slack demand (week ended Jun 13, 2022)

 

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Despite imminent production falls, prices of vitamin A plunged as producers attempted to move sales amid sluggish demand.

 

NHU has scheduled for routine maintenance starting mid-June for ten weeks.

 

In the local market, the transaction prices of VA500 fell to the range of RMB150-185/kg. VA1000 prices decreased to RMB301/kg.

 

Export prices of VA500 slid to US$22.50/kg while those of VA1000 dropped to US45/kg.

 

VA1000 price quotes in Europe slid to the range of EUR54-60/kg.

 

Vitamin A market is set to stay soft with supply exceeding demand.

 

 

Full version of the report will be available at https://spoutinfo.com/market-forecast-detail/30/32/277/4174

 

 

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