In March 2016, Chongqing Minfeng Chemical Industry Co., Ltd. (Minfeng Chemical)
exported its vitamin K3 (VK3) to EU for the first time. Specifically,
altogether 15 tonnes of VK3 were exported to Germany through the Eurasia
International Railway after the inspection and quarantine in Yongchuan
District, Chongqing Municipality.
"This railway will be our first choice," said Minfeng Chemical,
"It can save more than 36 days, compared with shipping."
Founded in 1950, Minfeng Chemical is one of the main domestic VK3 producers
(500 t/a). However, it cannot be comparable to leading enterprises, like
Brother Enterprises Holding Co., Ltd. (Brother Enterprises, 3,000 t/a) and
Peace Chemical & Industry Co., Ltd. (1,300 t/a).
Minfeng Chemical's export to Germany (leading export destination for VK3 from
China, 10%+ of the national total) will be favorable for its expansion in
overseas market.
At present, competition in domestic VK3 market becomes more intense, as more
new producers got in and existing companies expanded their production capacity.
This also led to the decentralization of production. Notably, Brother Enterprises,
the largest domestic vitamin maker, is also developing the domestic VK3 market,
while expanding sales in regions with low market share, like South and North
America.
Sodium bichromate, a main raw material for VK3, takes up a large part in the
production cost. The production of one tonne of VK3 needs 10 tonnes of sodium
bichromate. Since 2012, the market price of sodium bichromate has gradually
gone down, lowering the production cost of VK3 to some extent.
Monthly market price of MSB 96% feed grade vitamin K3 in China, Jan. 2015-March
2016
Source: CCM
This article comes from Vitamins China E-News 1604, CCM
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Tag: vitamin VK3