WEEKLY REPORT OF VITAMINS 2023

WEEK 35 (Aug.28-Sep.3, 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 has received permit for project of 1000t/a astaxanthin in inner
Mongolia, China

• Hwatson has received permit for project of 600t/a panthenol derived from
Marine biological enzyme.

• Zhejiang Shengda Bio-Pharm Co., Ltd has released semi-annual financial

report annoucing an increase of 3.59% in sales revenue and 22.93% in sales
volume, while there is a deficit of 6.33million RMB.

• NHU has released semi-annual financial report disclosing a decline of 9.7% in

sales revenue and 33% in net profit.

• XINFU has reported a sales revenue increase of 0.83% in vitamin B5 and D-

panthenol sales.

• GUANGJI Pharmaceutical announced to restart EU market sales in August

after acheiving authorization letter from EU commission.

• ADISSEO has formally started project construction of 37,000t/a feed additives

in Nanjing, China and announced to set up 150,000t/a Solid methionine project
in Fujian, China.

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 Market Price Overview

• Main manufacturers of VB3 has been stable at around USD4.9/Kg FOB.

• Tianxin claimed to offer USD17.5/Kg FOB for VB6.

• Main manufacturers of VB2 announced to drop VB2 price to USD14.5/Kg

FOB while there is no sales intention from manufacturers’ side.

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

around USD2.1/Kg FOB.

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 Market Price Overview

• Vitamin A 500,000 IU

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

Market Situation-Week 35 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 USD17.5/Kg FOB and VA 500 price of China BASF,
origin is around USD8.5/Kg FOB. 13%

• From January to July, there is a year-on-year increase DSM, 28%

of 17.65% in export volume of Chinese origin VA.

ADISSEO,
17%

NHU, 24%

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 Market Price Overview

• Vitamin E 50%

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

Market Situation-Week 35 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%

• From January to July, there is a year-on-year decline

of 1.06% in export volume of Chinese origin VE and a
month-on-month decrease of 7.83% in July.
DSM, 18%

NHU, 24%

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 Market Price Overview

• Vitamin B2 80%

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

Market Situation-Week 35 Market Shares of Main Suppliers

VB2 Market Share Structure

• Supply are becoming tightening and pricese are getting
HEGNO, JULONG,
lower. The market still have a certain inventory, and
9% 8%
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 current market BASF,
16%
price is about USD14.5/kg FOB. GUANGJI,
26%
• From January to July, there is an year-on-year
increase of 29.75% in export volume of Chinese origin
VB2 with a month-on-month increase of 79.98% in
July.

NB, 20%

DSM, 21%

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 Market Price Overview

• Vitamin B3 (Nicotinamide)

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

Market Situation-Week 35 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 USD4.9/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 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 6.5/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 Market Shares of Main Suppliers

• Recently, prices are continuning getting down. VB5 Market Share Structure
Customers only buy when they want it. The stocks in
OTHER(JINJIN,HUAHEN
market and warehouse are almost sold out totally. BROTHER, TIGER, 6%
G,ETC), 7%
New factories have many supplies and wide quotations. 6%
Price is around USD9.5/kg FOB. HWATSO
N, 7%
• From January to July, there is a year-on-year increase
of 79.34% in export volume of Chinese origin VB5 and BASF, 8% XINFU,
a month-on-month increase of 138% in July. 33%

DSM, 10%

XINFA,
23%

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 Market Price Overview

• Vitamin B6

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

Market Situation-Week 35 Market Shares of Main Suppliers

VB6 Market Share Structure

• Recently, some of the manufacturers have kept quoting GUANGJI,
prices. Inquiries rise raplidy. But the end users already TIGER, 5% NHU, 5%
6% HEGNO,
have many stocks, they keep wait and see. In the HUAZHO
1%
future, we need to pay attention on manufactueres’ NG, 6%
order signed situation. Price is arround USD 17.5/kg XINFA,
FOB. 7%

• From January to July, there is a year-on-year decrease

of 11.06% in export volume of Chinese origin VB6 and
a month-on-month decline of 8.25% in July. DSM, 10%

TIANXIN,
60%

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 Market Price Overview

• Biotin

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

Market Situation-Week 35 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. USD153/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 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. But orders are less in demostic market, 15% 2%
price keeps stable. Market price is USD23.3/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 Market Shares of Main Suppliers

VB1 Market Share Structure

• Prices are almost to the bottom, customers are
areactively in purchasing, some of them have signed OTHER,
DSM, 4% 8%
orders for the fourth quarter. At present, market price BROTHER,
is around USD 12/Kg FOB for VB1 Nitrate and 17%
USD15/Kg FOB for VB1 Hydrochloride.

• From January to July, there is a year-on-year increase

of 3.37% in export volume of Chinese origin VB1 while
a month-on-month decline of 40.74% in July.

TIANXIN,
44%
HUAZHO
NG, 27%

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 Market Price Overview

• Vitamin K3

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

Market Situation-Week 35 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 8.2/Kg FOB and VK3 MNB price DIROX, 5% 6%
is around USD 9.8/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 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 USD11.2/KG FOB. 12% OTHER, 3%

• From January to July, there is a year-on-year increase

of 27.34% in export volume of Chinese origin VB12
and a month-on-month increase of 37.42% in July.

CSPC,
26%
YUXIN,
52%

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 Market Price Overview

• Vitamin B4 (Choline Chloride)

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

Market Situation-Week 35 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 USD0.66/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-Aug.2023) Weekly Price Trend (2023)

Market Situation-Week 35 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/Kg FOB. VC
35% is around USD 1.45/Kg FOB.
CSPC,
• From January to July, there is a year-on-year decrease 24%
of 15.87% in export volume of Chinese origin VC and NCPC, 8%
a month-on-month increase of 1.55% in July.

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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