The past ten years have witnessed a great development of Vitamin, one of the most popular and amazing supplement with its antioxidant properties. Prices fluctuated with many influencing factors. Products entered international market and once faced anti-monopoly. Later, the integration and management proved to be effective with the recovery of the industry and increasing prices.
In March 2011, DSM increased the price of Vitamin E by 5 to 10 percent after the 9.0 magnitude earthquake shocked Japan, setting off a tsunami. This price adjustment is said to be driven by a combination of the increased cost of securing raw material supply, inflation and exchange rate developments over the last few months.
The outstanding influencing factor from the earthquake to DSM is the increasing costs of raw materials like the two essential intermediates to Vitamin E: cresol and citral. About 50% of DSM’s cresol is imported from Japan and USA. Thus, the interruption of cresol supply has affected the production of VE seriously. The major supplier of citral -Kuraray announced the Kashima Plant to cease producing and supplying cresol.
Domestic VE giants, Zhejiang Medicine Co., Ltd and Zhejiang NHU company are predicted to benefit from the increasing price since their capacity together accounts for about 40% of the world. What’s more, the domestic demand for synthetic Vitamin E is another driver of the price.
What is the detailed dynamics of those big giants? What’s the current export situation of Vitamin E? What’s the future trend of the industry? All this questions are available in CCM’s new report.
The report is of great help:
-Gain a comprehensive knowledge of production of vitamin E including its upstream products
-Spot related influencing factors such as raw materials, costs and price etc.
-Know clearly about export data
-Analyze major players and make benchmarking
-Identify future commercial opportunities and make wise decisions
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