Newsvitamin prices
Jun 06, 2024 12:01 PM EDT
Vitamin E and A prices are still under pressure to rise. There is rising pricing pressure from US suppliers, particularly for vitamin A. Over the previous several weeks, the prices of both goods have gone up a little. Check out the feed additives summary for week 23 to learn more.
Some purchasing activity has been prompted by a combination of price increase announcements, expensive container freight, supply delays, limited inventories, and scheduled facility maintenance. Vitamin B1 mono and vitamin D3 500 both have a stronger tone FOB China. The comparatively inexpensive vitamins begin to feel the effects of rising container freight rates.
Though less than in prior weeks, the market activity is still stronger and there is still some purchasing activity in several places. The market has become firmer as a result of supply delays, price increases, plant maintenance announcements, low stock levels, and respectable consumption. High container freight charges also raise the final cost of vitamin E. Although most regions have seen price increases, they are nonetheless cautious because it is unclear how long this era of higher prices can and will persist. It did cause purchases in Q3. Both Q2 and a significant chunk of Q3 are in decline.
There are attempts by suppliers to raise the price, particularly in the USA. They show poor stock levels and delayed material. also in other areas. There is communication about several potential market disruptions, including price rises, output reductions, maintenance schedules, and supply delays. However, the price has only marginally increased thus far, and customers are not really responding to any of these messages. In most areas, prices are steady to little stronger. It's a quiet market. Both the majority of Q2 and a piece of Q3 have been contracted.
Some suppliers have discontinued supplying, and FOB China prices are now more rigid. Manufacturers and suppliers have a strong desire to raise pricing and depart from the current low price point. Additionally, price rises are observed when container freight hikes become more noticeable. Although prices in the USA and Europe have remained mostly steady, they might soon start to rise as well. Despite the delays out of China, increased expenses for container freight, and higher fob China pricing, the market seems calm. Both Q2 and a part of Q3 are contracted.
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Once more, suppliers have made some attempts to raise prices, but the market has not responded as of yet. The market for vitamin B2 is still calm and steady overall. While costs in Europe and the US are increased, prices in Asia are still comparatively affordable. Both the majority of Q2 and small portions of Q3 are shortened.
Prices have somewhat increased as container freight hikes become more noticeable. Although the impact on the overall price/kg is very small, suppliers are attempting to raise their prices in response to increased demand, and rising container prices may also result in higher pricing. In spite of this, most regions continue to see cheap pricing since supply is often plentiful and providers are eager to shift inventory and hold onto market share. For Q2, a respectable cover has already been secured. Q3 is largely undiscovered.
The majority of suppliers have ceased lowering their prices any more, and things are now somewhat firmer. Since demand is still reportedly weak, a large price hike in the near future seems unlikely. Prices are largely constant at a low level and the market is generally calm. Higher container freight charges are the main cause of any rise that is observed. In most areas, availability appears to be acceptable. Once prices stabilized at a low level, considerable cover was already taken into Q2 and even early Q3.
Manufacturers have attempted to raise prices in the past, but their efforts were unsuccessful. There is a plentiful supply and there are ongoing or completed long-term contracts. The market is calm, and prices for both pure biotin and the lower-2% concentration substance have decreased once again. Prices are still historically low. Both the majority of Q2 and a portion of Q3 are contracted. Some purchasers signed long-term agreements far until late 2024.
The market's tone has been somewhat gloomy over the past few weeks, even though several firms have signaled that they plan to lower their manufacturing output. There aren't any significant changes, however, demand is slow and vitamin C costs have somewhat decreased in certain areas. Still, prices are greater now than they were a year ago. Long-term contracts that were signed at the prior low price points are still in effect and will last well beyond 2024. whole of Q2 and, in certain situations, the whole of 2024 is contracted.
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