Riboflavin Market Development Situation And Future Trends
Statistics show that exports this year, in June
, VB2 (Riboflavin) appeared slightly higher export prices, export volume also increased. This is in the doldrums for some time, VB2, the number of some "comfort."
From April 2007 to November 2007, China experienced a crazy VB2 export prices soared, but in December 2007 to April 2008 were plunged into market, followed in May 2008 began to slow down and remains at the.
What has caused the VB2 export prices surge and plunge into a bipolar? This VB2 increase in production capacity, supply and demand imbalances are closely linked.
Expanding the ranks of producers
China is the world's VB2 production base, the largest manufacturer of VB2 Hubei Guangji Pharmaceutical, has about 5,000 tons of production capacity. In 2007, VB2 manufacturer only Hubei Guangji Pharmaceutical and Shanghai Desano 2, but this year has been expanded to 5 to 6 total domestic production capacity has exceeded 7,000 tons. With international producers such as BASF, DSM Teijin 1,500 tons and 2,000 tons of production capacity, then the world's production capacity has reached VB2 million tons. However, VB2 of the global annual demand for only 6,000 tons.
China's current production of VB2 products are four categories: content of 98% of medicinal grade, accounting for 9% of total output; content of 95% ~ 96% of food-grade, accounting for about 33%; content of 80% of the feed grade, about accounted for 56%; VB2 phosphate, about 3%.
Not much room for price rise
In April 2007 to April 2008 within a one-year period, VB2 has experienced from heaven fall into the hell of the stock market. Although in May 2008 to June this year, slow decline, but there has been a relaxation, but the price is still much room for recovery. The reasons are mainly the following three aspects:
Imbalance between supply and demand
In 2007, domestic production enterprises VB2 limiting the production of environmentally friendly, while the international suppliers of BASF (South Korea) plant shutdowns, DSM plant the delay in production due to fermentation of strain problem, it caused a serious shortage of temporary VB2 supplier, thereby promoted in 2007 5 to 11 months of soaring prices. With manufacturers supply capacity of the recovery, in December 2007 to April 2008, VB2 prices plunge has emerged.
Investment boom
Crazy prices in 2007 soared to VB2 manufacturers to earn a fierce, but also triggered a VB2 investment. Manufacturers rose to 56 by 2, capacity is also 3,000 tons from 2007 expanded to around 2008, 6,000 tons. In 2008, the domestic VB2 production capacity of 4,000 to 5,000 tons, the world's production capacity will reach 9,000 tons, while global demand is only 6,000 tons a year or so, there are serious about demand for the situation. Resulting in May 2008 to June this year, the price of a free fall. While those who had just put into VB2 enterprises in technology, production and customer is not stable, the prices of their products can only follow the mainstream market, all the way down.
Weak demand
VB2 the global economic crisis on exports also caused a certain extent. 1 year 6 months, feed-grade VB2 the average export price of 15.47 U.S. dollars / kg, total exports of 417.07 tons; and in 2008 the export price of 36.71 U.S. dollars over the same period / kg, total exports of 911 tons; in 2007 the export price for the same period in 21.97 U.S. dollars / kg, total exports of 484.42 tons. Can be seen that the first half of this year, prices have remained at the cost of production line, but do not stimulate the international market demands.
Forecast the future market
This year in June, VB2 export prices showing slight signs of rising export volume also increased; from July and August the market price of view, BASF (South Korea) VB2 plant shutdown in summer, and did not raise VB2 prices rise, but only slightly higher, but because of oversupply situation is more serious, as after the completion Suggest, VB2-market rates fell slightly appeared.
As the current price hovering in the cost line edge, some of VB2 new enterprises have ceased production. VB2 production enterprises will be expected to integrate advanced technology and cost advantages of the old companies will eliminate part of the enterprise;
VB2 companies will continue to maintain low-cost strategy, future prices fall there will be no rose, partly because the domestic manufacturers have realized price of VB2 rose drop is not conducive to sustainable enterprise development, on the other hand, serious for the greater than the demand situation has also tightened VB2 price space.
Related
2007 ~ 2009 on the export price trend VB2
Feed grade
In 2007, China's exports of feed-grade VB2 total 1437.380 tons, the export price of 42.49 U.S. dollars / kg. 2008, total exports of 1475.565 tons, the export price of 31.39 U.S. dollars / kg. 1 to June of this year, exports amounted to 417.070 tons, exporting an average price of 15.47 U.S. dollars / kg.
In January 2007 to April as the slowly rising phase. January export price of 18.87 U.S. dollars / kg, slowly rising to 2 months of 18.99 U.S. dollars / kg, in April the export price of 20.12 U.S. dollars / kg, this 4 months prices rose 6.62%. From the export volume of view, on export volume remained at a lower bit, 1 month export volume was 99.2 tons, in February dropped to 63.925 tons, exports in April rose to 84.045 tons.
In May 2007 to November as a sharp upswing. May the export price of 25.37 U.S. dollars / kg, export prices in June rose to 28.03 U.S. dollars / kg, in July soared to 40.14 U.S. dollars / kg, then soared to 9 months of 59.47 U.S. dollars / kg, the highest of the 2007 feed-grade VB2 the highest monthly export prices. Just 5 months, prices rose by 135%. Fluctuations in export prices, it also brings a huge amount of export fluctuations. May's total exports was 86.1 tons, in July soared to 151.2 tons, in November to 268.42 tons, is the year 2007, the highest monthly export volume. Can be seen that the export price surge has not brought a sharp drop in export volume.
From December 2007 to June 2009 as the downward phase. In December 2007 to April 2008, prices plummeted. In December 2007 the export price of 53.69 U.S. dollars / kg, in January 2008 for 57.66 U.S. dollars / kg, in February plunged to 35.08 U.S. dollars / kg, in April and then dropped to 23.23 U.S. dollars / kg. Just 5 months, prices fell to less than half of the original, with the first 5 months of the sharp rise in sharp contrast. However, the price drop did not cause the expansion of market demand, in December 2007 a total volume of 159.415 tons, in January 2008 of 179 tons, in February dropped to 101 tons, in March increased to 196 tons, fell again in April to 94 tons. In May 2008 to May 2009 is still showing a downward trend, while exports have decreased, there has been price-volume homogeneous or situation. Into early 2009, the downward trend in export prices still no sign of braking, and even price in May fell to the cost of production line.
Pharmaceutical grade and food grade
In 2007 China's pharmaceutical grade and food grade VB2 total exports of 498.912 tons, the average export price of 46.35 U.S. dollars / kg.
Exports in 2008 amounted to 516.059 tons, the average export price of 50.56 U.S. dollars / kg.
In January 2009 to June, exports amounted to 311.360 tons, the average export price of 32.43 U.S. dollars / kg.
In January 2007 to April showing steady upward trend. January export price of 23.91 U.S. dollars / kg, slowly rising to 2 months of 24.63 U.S. dollars / kg, in April and then rose to 27.11 U.S. dollars / kg, an increase of 13.4%. Gentle rise in prices, while export volumes have also increased. January 2007 export volume of 52.09 tons, in February climbed to 63.41 tons, in April and then rose to 97.241 tons.
In May 2007 to November is a sharp upswing. May the export price of 41.31 U.S. dollars / kg, up to July's 68.6 U.S. dollars / kg, in September to continue to soar to 87.73 U.S. dollars / kg, to November reached 123.37 U.S. dollars / kg. Just seven months, the price doubled three times as a whole. Exports have seen a downward trend in exports in May amounted to 22.67 tons, in July dropped to 15.88 tons in November and then dropped to 11.32 tons.
In December 2007 to April 2008 is the downward phase. In December 2007 the export price of 112.56 U.S. dollars / kg, decreased drastically to January 2008 of 105.89 U.S. dollars / kg. February 2008 price of 64.31 U.S. dollars / kg, in April fell to 48.26 U.S. dollars / kg. Just 5 months, the price is only half of the original. The export volume over the same period remained at low levels. In December 2007 the export volume of 10.67 tons, in 2007, the lowest single-month export volume. Followed by a gradual increase in January 2008 to 13.575 tons,
March also fell to 10.14 tons, for 2008 the minimum monthly exports; in April rose to 79.359 tons.
In May 2008 to May of this year, export prices have been flat to down. In May 2008 the export price of 52.25 U.S. dollars / kg, in July to 49.16 U.S. dollars / kg, in December to 41.3 U.S. dollars / kg. Within six months down the range of 15.98%. In January 2009 the export price of 32.86 U.S. dollars / kg, in March to 32.86 U.S. dollars / kg, in June rose to 34.96 U.S. dollars a slight / kg.
Riboflavin Market Development Situation And Future Trends
By: viedy
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