Vitamin market has obvious advantages in domestic monopoly

According to the latest monitoring data, domestic vitamin prices have risen sharply since late April, and VA has risen more than 40%. Analysts pointed out that this is directly related to the tight market supply. In mid-March, a fire broke out at the giant BASF plant in the overseas country, and there is no hope of resuming work. With the depletion of domestic vitamin-related product inventories, leading domestic companies have taken the lead in raising prices. With the resonance of internal and external factors, it is expected that the vitamin price outlook will continue to look bullish.

Since late April, the domestic feed-grade VA ex-factory prices have risen straight, rising by more than 40%, and the tonnage has risen from around 11,000 to 17,000 yuan; the feed-grade VC ex-factory price has risen by more than 20%, and the ton price has risen from 22,000 to 28,000 yuan.

"But this rise has a certain hysteresis." Business community analyst Dong Tuo yesterday told reporters on the Shanghai Daily, "This round of pull-ups is directly related to the overseas giant BASF has not been delayed." In mid-March this year, BASF is located in Germany. A fire broke out at the Methylcrotonaldehyde plant in Ludwigshafen. At that time, prices of domestic related products did not increase linearly. “The surge in product prices occurred in mid-to-late April and has remained high since then when the domestic market was still There is a certain inventory, in the case of adequate stocking, the domestic price has not been delayed.” Methylcrolein is an important intermediate for the production of citral, and citral is mainly used to produce VA, spice flavor, VE and other products.

According to the reporter's latest situation, BASF has not set a clear schedule for re-production.

At present, the transmission of price tightening has begun to show its effect. The domestic vitamin faucet Xinhe has substantially increased its offer in mid-April, VA offers 260 yuan/kg, and VE offers 110 yuan/kg. However, due to the active shipment of small and medium-sized manufacturers, the current market price of VA is suppressed at 180 to 220 yuan/kg, and the VE price is maintained at 85 to 90 yuan/kg. "As the inventory gradually clears, the market will follow the latest quotes from leading companies." Dong Tuo believes. He pointed out that the new Hecheng quotations will further dominate the market in the future. Under the stimulation of demand, the vitamin price outlook is expected to continue to rise.

The market concentration of vitamins has always been high. Overseas giants such as DSM, BASF, and Adisseo occupy 70% of the world's share. The remaining 30% are shared by Chinese companies. New Hecheng and Zhejiang Pharmaceuticals are among the domestic leaders. Xinhecheng has expanded the flavor and fragrance business from the intermediate products of VA and VE production lines. Zhejiang Pharmaceutical has formed a product production system featuring fluoroquinolones, vitamins, antibiotics, and three major raw materials and preparations. These two companies have monopolized advantages in China. obvious.