Citric Acid Market Weekly Report

Citric Acid Price Analysis

Last week, the citric acid market remained stable. Domestic downstream demand was weak, while recent demand in the export market provided support, leading citric acid producers to maintain a strong price stance. Domestic traders experienced sluggish sales, and domestic downstream users showed limited acceptance of current prices, resulting in less than ideal market transactions. Recently, some raw material prices have been consolidating at high levels, providing significant cost support. Considering these factors, citric acid producers maintained high selling prices. As of last Thursday, the mainstream transaction price for food-grade monohydrate citric acid was 6200-6400 yuan/ton, and the reference price for food-grade anhydrous citric acid was 6600-6800 yuan/ton.

Related Product Analysis
Corn Market Analysis

The corn market remained generally stable last week, with slight adjustments in some areas. As of April 16th, the national weekly average corn price was 2395 yuan/ton, a slight decrease of 1 yuan/ton compared to the previous week. Traders in the Northeast production area showed little willingness to lower prices, and downstream buyers had limited acceptance of higher prices, resulting in inactive market transactions.

Corn prices in North China maintained a stable to slightly weak trend. Traders were willing to sell, leading to a temporary increase in market circulation and ample supply.

Corn market quotations in consuming areas were slightly stronger at the beginning of the week, with stronger futures prices driving spot prices. Overall, quotations remained stable throughout the week, with slight downward adjustments within a range. Weak feed demand and the impact of substitutes jointly suppressed prices, resulting in sluggish market transactions and a strong wait-and-see attitude from both buyers and sellers.

Citric Acid Market Outlook

Raw Materials: Current raw material costs are high, providing significant cost support. Companies face relatively low pressure to sell, leading to a strong willingness to maintain prices.

Supply: Some citric acid plants that were previously shut down for maintenance are gradually resuming operations, resulting in stable production.

Demand: Domestic downstream demand is weak, while demand from the export market provides support. Domestic trade transactions are moderate, and market sentiment is cautious.

In summary, citric acid companies currently face relatively low pressure to sell, but with raw material prices consolidating at high levels, companies maintain their price-supporting stance, and citric acid prices are expected to remain high. The market will continue to monitor export order signings and changes in raw material costs.