Increased market supply, slightly reduced vitamin B1 prices

Review of the domestic market in January and March

Because Huazhong Pharmaceutical is located in Xiangyang, Hubei, after the outbreak of the domestic epidemic in January, Huazhong Pharmaceutical has also been in production suspension and signing phase in March. The spot price of VB1 MONO soared in March, up to 40 USD KG; The supply of English labels is in short supply, and spot prices are rising.

The following figure shows the domestic weekly VB1 MONO price trend in 2020:

The current market situation

Since Brother Technology Co., Ltd., on March 13, the government issued a "Review of Jiangsu Brother Vitamin Co., Ltd. on the resumption of production." Starting in late March, the factory will resume production, and the market ’s bearish atmosphere has increased. In addition, many domestic regions Resumption of work and production began, Hubei began to unblock in late March, and Huazhong Pharmaceutical also resumed work. The orders placed by the factory in the previous period began to be shipped externally. Therefore, some traders were worried that the B1 market price would fall. Vitamin B1 has been sold at a low price. As of early April, most domestic VB1 MONO market prices are concentrated at about 33-35 USD/ KG, which is 5-7 USD / KG lower than the factory's direct price of 40 USD/ KG.

ECHEMI market forecast

According to the factory, although many industries in China have resumed work and production, the supply of raw materials for VB1 has not yet resumed, and most B1 factories have limited starts.

The following table shows the start of domestic factories:

At the same time, due to the severe form of foreign epidemics, many countries have begun to block countries, and export demand has decreased. Therefore, the domestic VB1 MONO market is currently in the stage of supply and demand games. It is not ruled out that some traders may sell in advance and continue to lower the VB1 price.