WEEKLY REPORT OF VITAMINS 2023

WEEK 8 (Feb.13.-Feb.19, 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

• Zhejiang Shengda Bio-Pharm Co.,Ltd. claims to set up manufacturing plant of

Vitamin B6 with annual production capacity of 1,500t.

• Hegno Pharmaceutical has accomplished construction of vitamins project

including 2,000t/a Biotin 2% and 2,500t/a Vitamin D3 and is having trial
production.

• Howtian Pharmaceutical plans to build up new manufacturing plant of Inositol

with annual output of 5,000t.

• Jiangxi Haiwen Biotechnology Co.,Ltd will set up project of Vitamin B3 with

production capacity of 10,000t/a.

• Sichuan Neijiang Hui Xin Pharmaceutical Co.,Ltd. plans to upgrade exisiting

manufacturing plant of VD2 and start production of VD3 within this year.

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Market Price Overview

• VB6 manufacturers including Tianxin, NHU, Huazhong, etc are still

suspending quotation after the China Vitamin Summit conference. Price
offer from traders are around USD17/Kg FOB.

• Manufacturers of VB3 have claimed to lift up price to be around USD4/Kg

and delivery schedules from manufacturers are commonly in Q2.

• Market price of VB5 has been slightly going down at around USD16.5/Kg
FOB.

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 Market Price Overview

• Vitamin A 500,000 IU

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

Market Situation-Week 8 Market Shares of Main Suppliers

• DSM has suspended VA production in its’ Switzerland VA Market Share Structure

workshop for 2 months . VA 1000 price is now around KINGDOMW
USD22/Kg FOB and VA 500 price is around AY, 9%
ZMC, 9%
USD11/Kg FOB.
BASF,
• International market share of Chinese origin VA has 13%
increased to be around 47% in 2021. From Jan to
Nov,2022, Chinese export volume of VA has reduced DSM, 28%
by 32% year on year. Oversupply situation is serious-
ZMC has realized technology updating and
industrialization of Citral. Kingdomway VA workshop
with 800t oil production capacity has operated. New
ADISSEO,
competitors like TianXin and WanHua has claimed
17%
set-up of workshops with production capacity of
1000t/a VA oil and 48,000t/a Citral.
NHU, 24%

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 Market Price Overview

• Vitamin E 50%

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

Market Situation-Week 8 Market Shares of Main Suppliers

VE Market Share Structure

• NHU has suspended VE production since Jan.1st with NENTER, BEISHA,
a period of 6-8 weeks and the market price is stable at 5% 8%
around USD8.4/KG FOB this week. BASF,
17%

• Market concentration is high with limited suppliers. ZMC, 28%

International market share of Chinese origin VE has
increased to be 75% in 2021. From Jan to Nov,2022,
export volume of Chinese origin VE has reduced by
14% year on year but generally manufacturers are
gaining good profit. DSM, 18%

NHU, 24%

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 Market Price Overview

• Vitamin B2 80%

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB2 Market Share Structure

• Supply from domestic VB2 manufacturers is abundant.
HEGNO, JULONG,
The market price fluctuates around USD10.8/kg FOB
9% 8%
among different brands, while materials from fresh
brands are relatively low in price.
BASF,
16%
• Oversupply problem is apparant after MEIHUA GUANGJI,
announced formal production of VB2 with 1000t/a 26%
proudction capacity.

• From Jan to Nov,2022, Chinese origin VB2 export

volume has fallen by 14% year on year.

NB, 20%

DSM, 21%

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 Market Price Overview

• Vitamin B3 (Nicotinamide)

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB3 Market Share Structure-

• Market demand has increased obviously and delivery
schedules from manufacturers are tight.
China Origin
VANETTA, LANBO,
Manufacturers have raise up price to be around
REDPONT, 8% 5%
USD4.0/kg with delayed delivery schedule.
10%

BROTHER,
VERTELL 24%
US, 14%

HONGDA,
19% LONGZA,
20%

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 Market Price Overview

• Vitamin D3

Market Price Trend (Jan.2017-Jan.3, 2023) Weekly Price Trend (2023)

Market Situation-Week 8 Market Shares of Main Suppliers

VD3 Market Share Structure

• End users are still consuming inventory and there are
OTHER,
little inquiries or fresh demand. Market price is
11%
around USD6.3/Kg FOB and Tianxin is quoting ZMC, 8%
around USD6.2/Kg FOB to liquidate stock. Some TIANXIN,
manufacturers might have already faced losses under 9%
the current market price.
GARDEN,
33%
HISOUND,
12%

KINDOM
WAY, 13%
NHU, 14%

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 Market Price Overview

• Vitamin B5

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

Market Situation-Week 8 Market Shares of Main Suppliers

• Main manufacturers are offering around USD16.0- VB5 Market Share Structure
16.5/Kg. There is price decline tendency after new
OTHER(JINJIN,HUAHEN
manufacturers coming in. BROTHER, TIGER, 6%
G,ETC), 7%
6%
• From Jan to Nov,2022, Chinese export volume of VB5 HWATSO
has reduced by around 41% mainly due to high price. N, 7%
Main manufacturers even claimed 70% reduction in
the sales volume. In Nov, there is a year-on-year BASF, 8% XINFU,
decrease of 35% in export volume of Chinese origin 33%
VB5 but a month-on-month rise of 7% after price
decline.
DSM, 10%

XINFA,
23%

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 Market Price Overview

• Vitamin B6

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB6 Market Share Structure

• Manufacturers have suspended quotation on Feb.10th. GUANGJI,
Previously, market price was around USD13.2/Kg TIGER, 5% NHU, 5%
6% HEGNO,
FO B and m arket dealin g p r i c e w i l l b e a r o u n d HUAZHO
1%
USD17/Kg FOB. But, some manufacturers are still NG, 6%
offering low-price stock to key customers at around XINFA,
USD13.5/Kg FOB. 7%

DSM, 10%

TIANXIN,
60%

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 Market Price Overview

• Biotin

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

Market Situation-Week 8 Market Shares of Main Suppliers

Biotin Market Share Structure

Manufacturers are involved in fierce competition with
Biotin pure price diving below USD195/Kg FOB and TIGER, 6% HEGNO,
ZMC, 8%
3%
Biotin 2% price around USD5.0/Kg FOB. Under the KEXIN,
stagnant market situation, all manufacturers are trying 8%
hard to keep their market share which has caused market
price below the production cost of most manufacturers.
SHENGDA,
Now, priority for Chinese manufacturers is to liquidate 30%
their stock and guarantee cashflow stability. Yet, there is
almost no room for Biotin price to decline further. TIANXIN,
17%

NHU, 28%

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 Market Price Overview

• Vitamin B9

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

Market Situation-Week 8 Market Shares of Main Suppliers

• There are little inquiries or actual dealing because of VB9 Market Share Structure
weak demand situation.
TIGER, OTHER,
• Market price is temporarily stable at around USD25 15% 2%
FOB with little room to decline further.

SHENGD TIANXIN,
A, 18% 23%

XINHONG,
20% NIUTANG,
22%

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 Market Price Overview

• Vitamin B1

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB1 Market Share Structure

• Recently, the market inquiry and purchase are rare.
the quotations from traders are basically stable. OTHER,
DSM, 4% 8%
Market price is around USD14/Kg FOB for VB1 BROTHER,
Nitrate and USD18/Kg FOB for VB1 Hydrochloride. 17%
From Jan to Nov,2022, Chinese export volume of VB1
has decreased by around 14%.

TIANXIN,
44%
HUAZHO
NG, 27%

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 Market Price Overview

• Vitamin K3

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

Market Situation-Week 8 Market Shares of Main Suppliers

• Due to the shortage of raw materials and product cost VK3 Market Share Structure
price rise, m ain m anufacturers h a v e l i f t e d u p OXYVIT, OTHER,
quotation price but the market enquiries and dealings DIROX, 5% 6%
have not increased obviously. 9%

VANETT
A, 10%
• VK3 MSB Market price is around USD16/Kg FOB and
BROTHE
VK3 MNB price is around USD17/KG FOB. In the
R, 32%
short term, market price will maintain stable.

ZHENHU
A, 11%

PEACE
CHEM, MINFENG,
13% 14%

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 Market Price Overview

• Vitamin B12

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB12 Market Share Structure

• Market price is stable with offering around KINGVIT, SANOFI, 3%
USD11.8/KG FOB and there are some fresh materials NEPC, 4%
from NHU with scheduled production capacity of 12% OTHER, 3%
3000t/a. GUANGJI annouced formal production of
VB12 at the end of 2022 with production capacity of
1000t/a VB12 1%.

• From Jan to Nov,2022, there is an year-on-year growth

of 52% in Chinese origin VB12 export.
CSPC,
26%
YUXIN,
52%

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 Market Price Overview

• Vitamin B4 (Choline Chloride)

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

Market Situation-Week 8 Market Shares of Main Suppliers

VB4 Market Share Structure

LIAONING BELONG,
• Raw material price has declined and market dealing OTHER,
BIOCHEM, 5%
price is stable at around USD0.79/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-Jan.2023) Weekly Price Trend (2023)

Market Situation-Week 8 Market Shares of Main Suppliers

VC Market Share Structure

• Currently, market price is stable at around USD2.6/Kg
FO B and alread y b e l o w t h e c o s t l e v e l o f m a i n OTHER(NHU,TIGER,etc), 27%
manufacturers. There is little room to go down further.
Manufacturers didnt reach concensus on price rise
after meeting in last week and temporarily price will CSPC,
keep at low level. Dealing price of vitamin C 35% is 24%
around USD1.8/Kg FOB this week. NCPC, 8%

• From supply aspect, stock of manufacturers is

abundant and oversupply situation is serious. As to
demand, global economy is facing recession and TIANLI,
inflation, which has directly affected demand. Yet, 9%
high energy, corn prices and sales strategies of
manufacturers are uncertain factors deciding whether DSM , 9% LUWEI,
and when the market price will bounce back to high 23%
level again.

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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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