This week's price trends from Glowlit - November 2nd 2020
November 01, 2020
Author: Guy Soreq
The most remarkable market trends this week are rather...unremarkable. Both Vitamin E50 and Vitamin D3 500 have shown stability with a slow gradual decrease in price. While demand for food grade Vitamin D continues to increase following claims that it supports the immune system’s fight against COVID, its feed grade counterpart has maintained the same price level for the last 3 months suggesting that supply and demand are balanced for now.
Glowlit users interested in Vitamin E50 received a unique activity email notification last week. The increased user interest (31% more than last week) in the Glowlit community seemed to follow an announcement by Royal DSM regarding a maintenance shutdown of its Vitamin E plant in Sisseln, Switzerland during parts of January and February 2021 (https://www.dsm.com/corporate/news/news-archive/2020/2020-10-29-dsm-update-on-vitamin-e-production.html?from=singlemessage). DSM also announced that its Vitamin E production facility in China, part of a joint venture called Yimante between DSM and Nenter, is expected to compensate for the volume gap resulting from the closure in Sisseln. So far, the sentiment in the global Vitamin E market seems to agree, with prices logged around the world confirming stability in the market.