This week’s price trends from Glowlit – November 3rd 2020

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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 (https://www.dsm.com/corporate/news/news-archive/2020/2020-10-29-dsm-update-on-vitamin-e-production.html?from=singlemessage) regarding a maintenance shutdown of its Vitamin E plant in Sisseln, Switzerland during parts of January and February 2021. 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.

 

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