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Vitamin C prices in China continued to fall in the *th week of October ****, after the drop in the previous week. The continuous decline in prices was due to rising inventory, steady but unspectacular export and muted demand in key downstream sectors. This extended the multi-week bearish trend that has been the theme of the quarter, and the softness that has been the characteristic of China鈥檚 output-heavy production environment.
The decline in October was due to oversupply, full capacity production and slow export momentum. Vitamin C producers in China have maintained high operational efficiency, resulting in high stockpiles in warehouses and distribution channels. Feedstock costs for key inputs like acetone and corn starch were stable with slight downward pressure, following strong post-harvest supply and stable energy demand. With raw materials showing little volatility, production cost for Vitamin C was stable but abundant supply...
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