European Chemicals and Ingredients: Update on vitamin and methionine prices

Research evidence excerpt

European Chemicals and Ingredients: Update on vitamin and methionine prices

Deutsche Bank

Research

Europe Industry Date

Germany 21 May 2026

Netherlands European

Industry Update

Chemicals Chemicals and

Specialty Chemicals

Ingredients

Update on vitamin and methionine

prices

Virginie Boucher-Ferte

Update on vitamin and methionine prices Research Analyst

We note the following movements in spot vitamin and methionine prices (week 21: +33-1-4495-5934

18 May to 24 May, prices published on 20 May, source: Kemiex) and their relevance

Rajiv Dalal

by company: Research Associate

n Vitamin A (relevant for dsm-firmenich and BASF): The Vitamin A price in

Europe was flat week on week (WoW). The price was up 40% on a year-to- Saurabh Mehndiratta

date (YTD) basis but 21% lower YoY. If the spot price prevails for the rest of Research Associate

the year, the 2026 average price would be 23% below the 2025 average. The

current spot price is 3% below the 2023 average. Tristan Lamotte

Research Analyst

n Vitamin E (relevant for dsm-firmenich and BASF): The Vitamin E price in

Europe was flat WoW. The price was up 99% YTD but 12% lower on a YoY +44-20-7547-1862

basis. If the spot price prevails for the rest of the year, the 2026 average price Dimitri Druart

would be 9% below the 2025 average. The current spot price is 48% above Research Associate

the 2023 average. +33-1-4495-5937

n Vitamin B1 (relevant for dsm-firmenich): The Vitamin B1 price in Europe

was flat WoW. The price was up 10% YTD and 6% higher on a YoY basis. If

the spot price prevails for the rest of the year, the 2026 average price would

be 4% above the 2025 average. The current spot price is 104% above the

2023 average.

n Vitamin B2 (relevant for dsm-firmenich and BASF): The Vitamin B2 price

in Europe was down 1% WoW.