Vitamin E
Vitamin E
Price movements (monthly)
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Vitamin E DDP China
Month-on-month Change
Year-on-year Change
Vitamin E DDP Europe
Month-on-month Change
Year-on-year Change
Vitamin E DDP US
Month-on-month Change
Year-on-year Change
China:
The vitamin E market was firm at the start of November and turned slightly soft toward the end of the month. Average ChinaFOB prices increased by 1.65% in November. Producers were offering at $6.50/kg early in the month and raised domesticoffers to CNY 65.00/kg by late November. Inventory levels were low, but demand was also subdued, with end-userspurchasing hand-to-mouth. In the longer term, market participants expect a bearish trend, given potential excess capacityas Tianxin and Wanhua plan to launch new vitamin E capacity next year.
Europe:
Vitamin E price had a steady to firmer tone in November after reaching near historical lows earlier this year. The firmer trendwas driven by higher prices in China and increased offer prices from global producers. A reversal in trend for this vitamincould be a "catalyst" behind driving other vitamins higher, as buyers begin to look to cover Q1 and beyond, according tosources.
North America:
Vitamin E prices continue to trend downward despite the upward movements seen in the EU and China. Sources reportedthat many sellers were sitting on high-priced inventory.
South America:
Values dropped to a range of $6.50/kg to $7.35/kg by the end of November as buyers and sellers indicated lower deals andoffers
Vitamin E
Price forecast
The current price of Vitamin E EU is 5.85 EUR/kg, which remains within the fair band range of 2.5 to 6.5 EUR/kg. This price level results from a significant decline from the market peak in Q3 of 2024, when prices reached 20.25 EUR/kg.
The overall fundamental outlook continues to exert downward pressure on prices, as shown by the declining fair band range.
Since August 2024, the fair band range has been trending downward, reflecting ongoing weakness in market fundamentals. This consistent decline suggests that, despite short-term price fluctuations, the overall trend remains downward.
However, factors are also emerging that are pushing prices upward. From a seasonal standpoint, demand for Vitamin E generally increases in the second half of the year, which could temporarily support higher prices.
Supply of Vitamin E EU has decreased from a peak of 29,000 metric tons in 2019 to 20,000 metric tons in 2024. Demand has been rising in the EU since hitting a low of 16,600 metric tons in 2024, and it now exceeds its respective moving average.
From a technical analysis perspective, prices have risen from an early Q4 2025 low of 5.42 EUR/kg to 5.85 EUR/kg and are now very close to crossing above their respective moving averages. This suggests early signals of a potential market reversal of the ongoing downtrend, which began after the Q3 2024 peak at 20.25 EUR/kg.
In summary, while the current price is near the upper limit of the fair band, indicating a possible short-term dip, seasonal demand could help slow the ongoing decline.
Additionally, technical indicators suggest that the decline may be finding support at current levels, supporting a longer-term outlook of rising prices into 2026.
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