This week, the purchase and sale of citric acid market continued the previous period. The market purchase and sale is still relatively flat, and the export situation is general. The raw materials and factory production restrictions and maintenance provide favorable support for maintaining price stability. The market price is temporarily stable. Traders take goods on demand, and the purchasing mentality is not positive. It is expected that the price of citric acid will continue to be stable in the short term, and it will be difficult to rise or fall.
Citric acid price analysis
This week, the market price of citric acid continued to operate stably, the terminal demand was weak, and the downstream enthusiasm for taking goods was low, maintaining the rigid demand for replenishment. As of Thursday this week, the mainstream transaction price of food-grade monohydrate citric acid in the market was 5000-5400 yuan/ton, and the price reference of food-grade anhydrous citric acid was 5400-5800 yuan/ton.
Changes in the operating rate of citric acid enterprises
According to the monitoring data of Steel Union, the operating rate of the citric acid industry this week was 60%. The downstream market demand is weak, and the factory orders are scarce. Considering factors such as production costs, the factory has not adjusted the start-up plan for the time being, and the industry inventory is slightly accumulated.
Related product analysis
This week, the national corn market was weak. Traders in the Northeast and Northwest regions were more active in shipping, market supply increased, and prices were weak; North China rose first and then fell, mainly due to the weather. The arrival of goods continued to increase in the later period, and deep processing enterprises flexibly lowered the purchase price. In terms of sales areas, prices were weak, trading companies’ confidence in quoting prices was sinking, and the reduction was quite obvious. Downstream feed companies were not very active in purchasing. Xinjiang grain flowed in more in the southwest inland area, and Northeast grain had no price advantage for the time being. Feed companies had sufficient inventory, diversified structure, and cautious attitude.
Citric acid market outlook
From the raw material side, corn prices were weak and accompanied by the risk of decline. In the short term, the impact was limited, but in the long term, the support of raw materials for citric acid was weakened. From the supply side, manufacturers have a large inventory, and the industry supply is relatively abundant. From the demand side, the market demand is stable. In the regular peak season of beverages, citric acid is used as an acidulant and the sales are good, but the overall demand is general, and the sales in foreign trade exports are also poor, which cannot boost the market. Combined with the above situation, the manufacturer’s quotation has basically bottomed out, and there is limited room for further decline. It is expected that the citric acid market will continue to be stable in the short term.
Post time: Jul-19-2024