Last week, citric acid prices remained stable. The demand for citric acid in the domestic market is light, and downstream enthusiasm for purchasing goods is low. They are cautious in purchasing goods and only need to purchase. Early orders are arriving one after another, and downstream demand is slowing down. According to feedback from traders, the startup of food and beverage processing plants is low, there are not many goods received, and the buying and selling atmosphere is light. The price of citric acid is expected to remain stable in the near future.
Last week, the market price of citric acid continued to maintain a stable trend. The market mostly maintained a cautious attitude and maintained urgent needs for replenishment. As of last Thursday, the mainstream transaction price of food-grade citric acid monohydrate in the market was 5,000-5,300 yuan/ton, and the reference price of food-grade anhydrous citric acid was 5,400-5,800 yuan/ton.
The national corn market fluctuated last week. Corn prices in Northeast China were stable last week. The surplus grain on the ground is further reduced, and natural dry grain is gradually becoming available in some areas. Farmers have a need to sell grain for cash. The warehouse construction of traders and drying towers has been basically completed, and downstream deep processing and feed companies continue to harvest as needed. The purchasing and sales activity at the grassroots level in North China is acceptable, and channel inventory has increased significantly. The volume of goods arriving at the doorsteps of deep processing enterprises remains high. Corn sales in the sales area are operating stably. Breeding demand is still weak, and substitutes such as imported corn, imported barley and sorghum have higher substitution advantages, squeezing domestic corn demand, corn prices are generally stable, and downstream feed companies are replenishing stocks on a rolling basis.
In terms of raw materials, corn prices fluctuate, the overall price is low, and cost support is limited. From the supply side, the industry has sufficient inventory, and upstream companies are operating at a low level, with normal production and orderly supply. From the demand side, traders basically maintain normal supply and are generally less enthusiastic about replenishment. Downstream factories are operating at a low rate and demand is low. To sum up, it is expected that citric acid prices will continue to maintain a temporarily stable trend this week.
Post time: Mar-25-2024