Vitamin China E-News 1511 (12 issues per year)

Date: 2015-12

“Welcome to Vitamins China E-News 1511!

In Q4, domestic vitamin market enters in peak sales season. Bulk products, such as VE, VC and VA, record large transactions. However, the closing prices are low, due to overcapacity. Examples:

Since Oct., there was a downtrend in VC quotations offered by domestic main manufacturers.
VE price kept falling after main manufacturers raised prices in Sept.
It鈥檚 estimated that vitamin sales will hit a peak in Dec and Jan. nest year, as downstream feed enterprises will purchase vitamin raw material to meet spring festival demand.

According to Q1-Q3 financial reports issued by domestic listed vitamin enterprises, about 70% of vitamin enterprises recorded declining performance or even made losses, especially in VA, VE and VD3 enterprises. Most of vitamin enterprises are confronted with overcapacity, environmental issues and low value-added products.

In terms of company development, PKU Healthcare Corp., Ltd. intended to sell off its API business, including VE business. To divest poorly performed VE business will enhance profitability of the company; but this move will exert little impact on domestic VE industry.

The USD/RMB exchange rate in this report is USD1.00=RMB6.3154 on 2 November, 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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