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MARKET TRENDS

Since our last update, most products have been stable and at the same level since Q4 2018, so this update will only include a few changes from winter 2018. It is important to note that as of Feb. 28, the U.S. government has suspended the China tariff increase. The Chinese economy is experiencing some great challenges; new policies and measures have been made, such as tax reform from personal income and small businesses, reduced risk of financial investment and

BETAINE ANHYDROUS/ BETAINE HCl Supply is a little tight due to the Chinese New Year, but expected to be stable from February to April.

BRANCHED-CHAIN AMINO ACID (BCAA) It is hard to say at the time of the Chinese New Year, but we believe the price will come down step by step as more production capacities step in. As we mentioned in the last report, some factories are resuming the fermentation of Leucine and are making BCAA on their own instead of selling it to the factories who make the blend.

CAFFEINE SYNTHETIC/ THEOBROMINE Price is currently stable.

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INGREDIENTSONLINE.COM™ • SPRING 2019

currency exchange rate. The feedback from some factories make us feel that the pollution control is not as strict as it was in 2017. Most factories can still run production instead of completely shutting down, and this trend is typically reflected in the major vitamin factories. Some major factories have had great success since the end of 2017 to 2018, and plan to expand production to further optimize their supply chain and resources. The market change will be reflected step by step with completion of this expansion and output.

CALCIUM/MAGNESIUM/ MANGANESE SODIUM/ POTASSIUM/ZINC GLUCONATE Due to the anti-dumping issue, China stopped exporting this series of products to the U.S. The local price remains stable.

CALCIUM/MAGNESIUM/SODIUM BETA HYDROXYBUTYRATE Price is currently stable, but due to the additional duty fee, the sales were slow in Q4 2018. Customers started to realize this was not due to factory increase, but the duty fee, so the demand bounced back in Q1 2019. Supply is still good, and there will not be a big change for this product.

CALCIUM/MAGNESIUM CITRATE More of this product with origins in India have come to the U.S. market to supply citrate salts. Prices are stable.

CALCIUM D-PANTOTHENATE Price decreased a little after the Chinese New Year. Some distributors stocked more than usual before the Chinese New Year in fear of a price increase, but now the availability is better than expected, and they will try to move stock ASAP.

CHOLINE BITARTRATE/ CHOLINE CHLORIDE The market, including price and supply are both stable.

CHONDROITIN Price was down to the bottom before the Chinese New Year, and there is a sign of bouncing back. Now is a good time to stock Chondroitin if you have a good price.

CITRIC ACID ANHYDROUS All antidumping issues have been settled, and there have been no big changes recently. Price remains stable.


MARKET TRENDS

COENZYME Q10 (CoQ10) The major factories are locked with huge U.S. buyers, and the market is quite stable for spot purchases.

CREATINE MONO

GLUCOSAMINE

Price is stable for Q1. Some old factories are closed and some new factories have stepped in. In general, the output from China to the U.S. remains stable.

Glucosamine supply is still tight and increased a little due to the Chinese New Year. Price is already higher than that of last year and will remain stable for Q1.

COLLAGEN Competition is more and more intense, but different factories have different strategies for pricing and quality type. Therefore, here is a reminder to please make sure which type you are getting, and if the price is right, including starting materials with origins of fish, bovine, porcine, etc. And, also make sure the starting material is pure enough instead of mixing different origins.

CONJUGATED LINOLEIC ACID (CLA) OIL AND POWDER Price increased a little due to labor costs and currency exchange. Production and output are stable.

FOLIC ACID

INOSITOL

Due to pollution control since the last update, supply is becoming tight and price is going up.

Price is stable and factories are now keeping a reasonable level of profit. It will remain stable in Q1.

GAMMA-AMINOBUTYRIC ACID (GABA)

L-ARGININE/L-CITRULLINE Availability is good from China, Indonesia, Korea and Japan. Price is stable at its lowest level in history. Competition between the major factories from the above four countries are still in place, and we will look again at how things are going next quarter.

Price is stable but keeps rising little by little due to starting material and labor costs.

GRAPE SEED EXTRACT The market now has a better understanding of the real grape seed and how to do the identification test. Production is more and more centralized in a few factories, and the price is stable.

L-CARNITINE Due to pollution control and starting material, the production is currently not

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FACTORY-DIRECT

BE ENERGIZED

2,500 square meter factory

ISO9001, ISO22000, Kosher and Halal certified

Meets the sterile requirement of 100,000 levels GMP standard Founded in 2007, Jiangyin Huachang Food Additive Co., Ltd. is located in the center of the Yangtze Delta Economical Zone.

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Shandong Jincheng Bio-pharmaceutical Co., Ltd is a publicly listed company in China and is honored as a National High-New Technology Enterprise. Main products are manufactured by microbial fermentation technology and advanced biological extraction and purification technology.

MAIN PRODUCTS: NEW PRODUCTS: • L-Glutathione Reduced • AA2G • S-Adenosyl-L-Methionine (SAMe) • L-Alanyl • Ademetionine Disulfate Tosylate • L-Hydroxyproline • Ademetionine 1,4-butanedisulfonate • Pyrroloquinoline Quinine Disodium Salt (PQQ) α-Ketoglutaric Acid series of products Jincheng Pharm holds GMP, Kosher and Halal certificates. Glutathione has DMF registration in Japan, Korea and India.

very good. The factories are fully on back order, and supply is very tight.

L-CYSTEINE/L-TYROSINE The market is currently stable.

L-GLUTAMINE Price increased a little due to the Chinese New Year, but is generally stable due to the good planning among major factories Meihua and Fufeng.

L-GLUTATHIONE REDUCED A shortage of raw material has caused the short supply. Price is presently at a high level.

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Output is limited, but demand is not strong either, so the price is currently stable.

L-LYSINE/L-TRYPTOPHAN Supply is stable.

Shaanxi Jianhe Bio-Technology Co., Ltd

LUTEIN The trend of increase since our last update came to an end and now tends to be stable. It is still early to predict the harvest of 2019, and we will have more details in May.

MSM

• Alpha GPC

• Beta Glucan

• Diindolylmethane

• Indole-3-Carbinol

• Isoflavones HPLC

• Kudzu Root 40%

• Melatonin • Olive Leaf P.E. 10%/20%/40% Oleuropein • Pine Bark Extract 95% (PROAN) • Policosanol 99% min. (Octacosanol 60%) • Pomegranate P.E. 50% Polyphenols

Since the increase in Q4 2018, price tends to be stable for now. Some factories increased their output a little and this is another reason the price is stable.

PYRIDOXINE (B6) As is with Thiamine, factories are trying to make more sales, so some favorable terms and prices are being given to distributors in the hopes of gaining more orders. It is a good time to prepare some stock.

RIBOFLAVIN Price is stable now. Supply was a little tight due to the Chinese New Year, but the production is generally stable among major factories.

SODIUM HYALURONATE Price remains steady for now.

• Quercetin Dihydrate 98%

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Shanghai KangXin Chemical Co., Ltd. SPIRULINA Price is stable but may increase a little due to the labor cost increase and currency exchange rate.

STEVIA Price is soft now due to a good harvest from last year. Most customers develop their own demand of what kind of RA ratio best fits their formula, and usage is very stable.

Creatinol-O-Phosphate Calcium Beta Hydroxybutyrate Magnesium Beta Hydroxybutyrate Sodium Beta Hydroxybutyrate

SUCRALOSE The capacity of production of suppliers can now meet the requirement. Price tends to be soft in Q1 and needs more demand to keep the price stable.

TAURINE Price is stable and a little soft due to the Chinese New Year. The price in Q1 will remain stable.

Shanghai KangXin Chemical Co., Ltd. is a joint venture company founded in 2000 and is located in Shanghai, China, which covers 2000m2 and is one of the earliest manufacturers in China dedicated to providing high quality products of food additives worldwide. KangXin is a certificated company of “Food Additive Production/Health Permit� issued by the Ministry of Health as well as ISO9001 Quality Management System and kosher certificate.

THIAMINE The major factories have been running well since last October, and there is no availability issue. It is a good time to prepare some stock, and the price is at reasonable level.

VITAMIN A/VITAMIN D3 Price is generally stable and temporarily increased a little due to the Chinese New Year. Some factories will expand the production, so the price will not likely increase too much and will go back to being stable after the Chinese New Year.

VITAMIN B12 The market is calming down from the craziness of the big jump. Most distributors are trying to avoid the risk of stocking and only import based on firm orders only. Price is slightly decreasing but still at high level.

VITAMIN C Price is currently stable and soft. All major factories were running production well in winter 2018, and new factories also have continuous output. It is expected a new factory will come out in 2019 and this will keep ample the supply of Vitamin C.

VITAMIN E Food grade and feed grade are both stable at their current level.

XYLITOL/XYLITOL DC Price is currently stable, and factories are keeping a reasonable profit. With large buyers locked in on price, the price trend is expected to be the same in Q1 2019.

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ingredientsonline.com™ Market Trends | Spring 2019  

ingredientsonline.com™ Market Trends | Spring 2019