Vitamin China E-News 1507(12 issues per year)

Date: 2015-08

“According to data from the National Bureau of Statistics (NBS), the preliminary accounting GDP reached USD4.85 trillion (RMB29.69 trillion) in the first half of 2015, with a 7.0% year-on-year growth rate. Specifically,

Primary industry: up by 3.5% YoY
Secondary industry: up by 6.1% YoY
Tertiary industry: up by 8.4% YoY
Data from NBS showed that China economy is under a stable rise.

In July 2015, the domestic vitamin market had an upturn. The market price of VC maintained an uptrend, as many domestic manufacturers suspended production for an overhaul. It’s predicted that the price of VC would remain stable and even experience an increase in a short term. Domestic VB2 manufacturers raised the product’s selling price, because of increased environmental burden and enterprises’ losses. In H1, the market price of VB9 (folic acid) underwent a surge, driven by the short supply. And its price still remains high now. Since mid-May 2015, the market price of VK3 in China rebounded dramatically, due to the increasing price of raw material and manufacturers deliberately lifting its price. At present, VB12 market remains stable: price maintains high level but slight fluctuation, supply and demand trends to balance. It’s estimated that VB12 price will maintain stable in a short period.

The USD/RMB exchange rate in this issue is USD1.00=RMB6.1149 on 1 July, 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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