Chenguang Biology: The price of lutein products has been slightly increased recently, and the current price is expected to be maintained.
Chen Guang Biological recently stated in a phone conference that due to the impact of market inventory levels, the market acceptance of their lutein products has been relatively weak after the price adjustment. The price has been slightly increased again recently, and it is expected to maintain the current level. Currently, the product price is relatively low compared to historical levels, with limited room for price reduction. In the long term, there is a slow upward trend, and the industry's destocking cycle needs to be clarified further with the launch of new raw materials in the new season.
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