In Nov. 2024, the prices of most vitamins remained stable. The downstream buyers purchased on demand and the overall market trading was average. However, the popularity and prices of certain vitamin varieties such as folic acid, vitamin B6 and vitamin C risen significantly.
The new national standard Compound Premix Feed for Dairy Cows (20232808-T-469) was completed on 12 Oct., 2024 and opened for public consultation with a deadline of 17 Dec., 2024.
As of the end of Oct., 15 vitamin listed companies release reports for Q3 2024. The net profit attributable to shareholders of 8 listed companies increased YOY, while 5 listed companies decreased YOY in Q1–Q3 2024. (Note: 2 companies have no comparative data)
Project progress of many companies
- Chengfeng Health's food grade and feed grade folic acid project;
- Asia Pharmaceutical's nutrition and health product integrated development project;
- Huaheng Biotech's biological fermentation process for β-alanine derivatives production project;
- Yize Pharmaceutical's crude vitamin B6 and other products project;
The USD/RMB exchange rate in this Report is USD1.00=CNY7.1135 on 1 Nov., 2024, 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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