Vitamin China E-News 1504 (12 issues per year)

Date: 2015-05

“During 24-25 April, 2015, China Feed Industry Exhibition was held in Nanjing City, Jiangsu Province, attracting over 500 enterprises from over 20 countries and regions to attend. Vitamin enterprise, as upstream industry of feed, also attend the Exhibition, covering DSM, BASF, Zhejiang Medicine Co., Ltd., Hubei Guangji Pharmaceutical Co., Ltd., etc. China’s economy entered the “”new normal””, presenting a slowdown in consumers’ demand growth. The feed industry is also under slow development along with the outbreak of Avian influenza, and its demand for vitamins maintains a stable trend. This poses a challenge for the domestic vitamin enterprises. VC and VE enterprises face intense competition: serious overcapacity, the prices remaining low. It’s forecasted that enterprises, who are fully comprehend the market conditions, boast cost and quality advantages, extend downstream industry chains, develop the added value products, would remain competitive and profitable in the competition.
In April, VE price still kept at low level. VA presented a downward price trend, due to the weak demand from downstream industries. VC price rebounded slightly, driven by the large-sized enterprises taking the initiative to raise prices. At end of March, DSM had acquired Aland Jiangsu Nutraceutical Co., Ltd., this acquisition will consolidate the former’s pricing powder. VB12 continued its price uptrend, ending downtrend for the past few years. It’s a good opportunity for the domestic manufacturers, Hebei Yuxing Bio-Engineering Co., Ltd., Hebei Huarong Pharmaceutical Co., Ltd. Besides, the price of vitamin B9 (folic acid) kept increasing since Jan. 2015, mainly due to the short supply. In 2014, the domestic enterprises reduced production under the impact of environmental protection burden.
The USD/RMB exchange rate in this report is USD1.00=RMB6.1434 on 1 April, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”


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