WEEKLY REPORT OF VITAMINS 2023

WEEK 32 (Aug.7-Aug.13, 2023)

Nutrition Department
Tel:86-551-65175446 Email: rosawang@basicacorp.com
CONTENTS

Vitamin Industry News 1

Market Price Overview 2-18

Hot Products Offered 19

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 Vitamin Industry News
• Kingdomway plans to invest 1.82 billion RMB to set up manufacturing plants
Vitamin B5 and Inositol with production capacity of 10000t/a and 5000t/a.

• Guangji Pharmaceutical claims a loss in 1st half of 2023 business operation

due to sales volume decline.

• Zhejiang Shengda biopharma Co.,Ltd is expected to see ooperation loss in 1st

half of 2023.

• Main vitamin manufacturers will have equipment maintenance since end of

July.

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 Market Price Overview

• Vitamin B3 price is getting down. Indian origin Vitamin B3 supply also put
stress on the market trend.

• Vitamin B2 market price is still stable and high.

• Vitamin C market price is keeping declining slight and temporarily stable at

around USD2.1/Kg FOB.

• Vitamin B6 market price has slight gone up while some Chinese manufacturers
temporarily suspend quotation.

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 Market Price Overview

• Vitamin A 500,000 IU

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

• Their are small amount of replenishment, for domestic VA Market Share Structure
downstream. Domestic manufacturers are issuing early KINGDOMW
orders, import manufacturers follow the market. The AY, 9%
ZMC, 9%
market price is getting down. VA 1000 price is now
around USD18.5/Kg FOB and VA 500 price of China BASF,
origin is around USD9/Kg FOB. 13%
DSM, 28%

ADISSEO,
17%

NHU, 24%

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 Market Price Overview

• Vitamin E 50%

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VE Market Share Structure

• Recently, even the NHC lifting up the the prices, but NENTER, BEISHA,
the market reaction was flat. In addition, 5% 8%
manufacturers will entering summer maintenance BASF,
period, it is predicted that the price will be stable in 17%
the near future. Price is around USD7.5/KG FOB this
week. ZMC, 28%

DSM, 18%

NHU, 24%

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 Market Price Overview

• Vitamin B2 80%

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB2 Market Share Structure

• Pricese are getting rise after the market reviving
HEGNO, JULONG,
quoting. But the end users still have a certain
9% 8%
inventory, and the majority of them are wait-and-see.
In the future, we need to pay attention to the
manufacturers' delivery and signing of orders. The BASF,
16%
current market price is about USD14.5/kg FOB. GUANGJI,
26%
• From January to May, there is a year-on-year increase
of 23% in export volume of Chinese origin VB2,
compared with a month-on-month decrease of 7% in
May. In Jun, there is a year-on-year increase of 21% in
market price.
NB, 20%

DSM, 21%

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 Market Price Overview

• Vitamin B3 (Nicotinamide)

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB3 Market Share Structure-

• Prices are getting down since the upstream want to China Origin
keep high price. In the future, we need to pay attention VANETTA, LANBO,
to the follow up of the signing price. Current market 8% 5%
REDPONT,
price is about USD5.5/kg FOB. 10%

BROTHER,
VERTELL 24%
US, 14%

HONGDA,
19% LONGZA,
20%

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 Market Price Overview

• Vitamin D3

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

• After the manufacturer raises the price, the customer

is mainly to buy and use, and the market turnover is
VD3 Market Share Structure
normal. Price is around USD 7/Kg FOB. OTHER,
11%
ZMC, 8%
TIANXIN,
9%

GARDEN,
33%
HISOUND,
12%

KINDOM
WAY, 13%
NHU, 14%

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 Market Price Overview

• Vitamin B5

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

• Actual demand is depressed while the upstream price VB5 Market Share Structure
is strong. The price has fallen slightly. In the future, we
OTHER(JINJIN,HUAHEN
need to pay attention to the manufacturers' signing BROTHER, TIGER, 6%
G,ETC), 7%
situation. Price is around USD11.5/kg FOB. 6%
HWATSO
N, 7%

BASF, 8% XINFU,
33%

DSM, 10%

XINFA,
23%

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 Market Price Overview

• Vitamin B6

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB6 Market Share Structure

• Recently, some of the manufacturers have kept quoting GUANGJI,
prices. Inquiries rise raplidy. In the future, we need to TIGER, 5% NHU, 5%
6% HEGNO,
pay attention on manufactueres’ order signed situation. HUAZHO
1%
Price is arround USD 17/kg FOB. NG, 6%
XINFA,
7%

DSM, 10%

TIANXIN,
60%

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 Market Price Overview

• Biotin

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

Biotin Market Share Structure

• Manufacturers are involved in fierce competition with
Biotin pure price diving. Price is below the cost of TIGER, 6% HEGNO,
ZMC, 8%
3%
production. USD155/Kg FOB for Biotin Pure and KEXIN,
Biotin 2% price around USD4.5/Kg FOB. 8%

SHENGDA,
30%

TIANXIN,
17%

NHU, 28%

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 Market Price Overview

• Vitamin B9

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

• Export price become more higher due to the rising VB9 Market Share Structure
price of raw materials. Some manufaturers stop
TIGER, OTHER,
production, the market demand recovers, the market 15% 2%
quotation is around USD23.5/kg FOB.

SHENGD TIANXIN,
A, 18% 23%

XINHONG,
20% NIUTANG,
22%

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 Market Price Overview

• Vitamin B1

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB1 Market Share Structure

• Prices are almost to the bottom, customers areactive in
purchasing, some of them have signed orders for the OTHER,
DSM, 4% 8%
fourth quarter. At present, market price is around BROTHER,
USD 13.6/Kg FOB for VB1 Nitrate and USD16.5/Kg 17%
FOB for VB1 Hydrochloride.

TIANXIN,
44%
HUAZHO
NG, 27%

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 Market Price Overview

• Vitamin K3

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

• Recently, manufacturers are unwilling to sell at low VK3 Market Share Structure
prices, prices fall again after rising. VK3 MSB Market OXYVIT, OTHER,
price is around USD 8.6/Kg FOB and VK3 MNB price DIROX, 5% 6%
is around USD 10.4/KG FOB. 9%

VANETT
A, 10%
BROTHE
R, 32%

ZHENHU
A, 11%

PEACE
CHEM, MINFENG,
13% 14%

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 Market Price Overview

• Vitamin B12

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB12 Market Share Structure

• The market suffers from overcapacity, actual demand KINGVIT, SANOFI, 3%
is depressed, and customers mainly digest inventory. NEPC, 4%
Market price is around USD11.5/KG FOB. 12% OTHER, 3%

CSPC,
26%
YUXIN,
52%

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 Market Price Overview

• Vitamin B4 (Choline Chloride)

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VB4 Market Share Structure

LIAONING BELONG,
• Raw material price has rised and market dealing price OTHER,
BIOCHEM, 5%
become higher at around USD0.68/Kg FOB. 9% 6%

JUJIA,
12% NB, 24%

HAVAY,
22%
AOCTER,
22%

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 Market Price Overview

• Vitamin C (Ascorbic acid)

Market Price Trend (Jan.2017-Jul.2023) Weekly Price Trend (2023)

Market Situation-Week 32 Market Shares of Main Suppliers

VC Market Share Structure

• The domestic supply is slightly loose, the user digesters
the main inventory, the price declines slightly. Upon OTHER(NHU,TIGER,etc), 27%
currently, market price is around USD 2.2/Kg FOB.
VC 35% is around USD 1.6/Kg FOB.
CSPC,
24%
NCPC, 8%

TIANLI,
9%

DSM , 9% LUWEI,
23%

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 Hot Products Offered

• Vitamin B5 (Calcium pantothenate) - (Brother, Xinfa, Tiger, etc.)

• Biotin pure - (Tianxin brand)

• Benzoic acid feed grade and other preservatives

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