Market demand weakens and domestic VD3 prices drop slightly

1、 Review of the VD3 market in April

In January-February 2020, after the outbreak of the new coronavirus in China, the continued production of vitamin D3 factories caused the price of VD3 to continue to rise. As of March, the average market price of the highest peak rose to about US $ 40 / KG. However, with the completion of replenishment of domestic and foreign customers, since mid-April, the market demand has significantly weakened, and some traders have begun to reduce prices and shipments. At the same time, some factories, such as Tianxin and Xinfa, have ex-factory prices a slight decline.

2、 The current domestic VD3 market situation

After a slight decline in the domestic VD3 market price in mid-April, the factory end was affected by the decline in upstream raw material supply, indicating that the willingness to continue to lower prices was not strong. Some factories chose to stop reporting to prevent further price declines, and some factories only chose to quote Old terminal customers do not quote to distributors, so as of the end of April, the price of domestic feed grade VD3 500. Still staying in the range between 35-40USD / KG.

3、ECHEMI market outlook forecast

As the epidemic situation of new coronavirus continues to increase abroad, the demand side continues to decrease, and the feed-grade VD3 market is bearish. It is reported that some end-customer inventories have been prepared to the third quarter, and there is no need to replenish the stock in the short term. The price of the grade VD3 has been in the high range of nearly two years, so everyone needs to be careful about the risks caused by the decline in the market outlook. However, due to the influence of the import of domestic VD3 raw materials, most manufacturers have a low operating rate, and the factory's willingness to reduce prices is not strong. Therefore, in the short term, the price of domestic feed-grade VD3 may be mainly based on high range fluctuations.