The vitamin market remains largely subdued, though signs of change are emerging. While Vitamin E and D3 continue to face weak demand and price spreads, Vitamins A and B3 show early signs of stabilisation and renewed contracting interest. Q4 activity is picking up, but not uniformly across all products.
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Vitamin E 50%
Despite already very low prices, the market continues to be weak, and buyers remain on the sidelines mostly. With already very low container rates on key trade lanes and, for example, a favourable EUR-USD rate, one could wonder if/when the end is in sight. For now, the market is super quiet, and by now a significant portion of Q4 is contracted, but not all of it.
Vitamin A 1000
After an extended period of declining prices, initial signs of stabilisation in the market are seen. Suppliers are showing considerable resistance to further price reductions, and some have even ceased offering, leaving traders as the primary source of discounts in their efforts to clear excess inventory. Currently, prices are at very low levels. Additionally, some movement regarding Q4 contracting is seen, with early indications of activity for Q1 as well.
Vitamin D3 500
Recently, a major Chinese manufacturer returned to the market with a significantly higher price, compared to actual market price transactions. Some other suppliers are also indicating higher prices. But the market has not responded to that yet, and there seems to be lower-priced material available, which reflects more the actual transaction prices. Therefore, the price spread is currently large. Q4 is only conservatively contracted.
D-Calpan
Despite the ongoing price decline, several buyers have become active to book their needs partly for Q4 as prices have become very low. But overall, the trend is unchanged, and the market seems stable to weak going forward. Q4 is now partly contracted.
Vitamin B3
The market has recently shown signs of firmness as several suppliers have either halted their offerings or are implementing price increases. With prices having reached notably low levels, many end-users are now securing volumes for the fourth quarter and even some for the first quarter. Currently, it appears that the market has hit its lowest point and is beginning to gain momentum.
