During the fourth quarter of 2021, vitamin E prices increased significantly in the Asia Pacific region. Prices for FOB Illinois increased from 13932 USD/MT to 16712 USD/MT in China from October to December, owing to strong demand from the downstream sectors. Several manufacturers stopped providing bids to spot buyers in Q4 in November, causing market sentiment to rise. During the fourth quarter, tightening supply and rising raw material costs had a significant impact on the overall supply forecast. Furthermore, the dual control's impact on energy consumption increased upstream quotations in the Chinese domestic market, which later rose in the third week of December. In the same month, the Indian domestic market's CFR JNPT and EX-Mumbai prices for Vitamin E were estimated to be 10509.79 USD/MT and 11309.67 USD/MT, respectively.
The vitamin market in Asia Pacific countries is rapidly changing, with consumers becoming more aware of the health benefits of various vitamin types. China is the largest producer of vitamin E in the Asia Pacific region, and the country's domestic market has grown in recent years, thanks to the country's booming pharmaceutical and dietary supplement industries. Furthermore, despite increased awareness of the relevance of various vitamins in nations such as India, just 9% of Indian customers are aware of the health advantages of Vitamin E. While most people use Vitamin E to treat common diseases, the actual potential of Vitamin E is still underappreciated on a wide scale.
Procurement Resource provides latest prices of Vitamin E. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Vitamin E for several regions around the globe, which are as follows:
About Vitamin E:
Vitamin E is basically a group of 8 fat-soluble compounds, which includes 4 tocopherols and 4 tocotrienols. Vitamin E is known as a fat-soluble antioxidant protecting cell membranes from reactive oxygen species. It has little odour or taste and is insoluble in water. It is found in a wide variety of plants, especially green vegetables, grains, and oils including safflower and sunflower. It is rich in antioxidants, and thus, is utilised for several applications.
Chemical Formula of Vitamin E:
The most significant natural sources of vitamin E are plant oils and fats. The deodorisation of edible oils yields as a byproduct deodoriser sludges that contain tocopherol (Vitamin E) concentrations (3-15%). Several methods are available for the purification of tocopherols. The fatty acids can be extracted and separated via distillation, preferably after esterification. After the elimination of the free fatty acids, the tocopherols can be concentrated by adsorption on basic ion exchangers.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).