The latest market situation of citric acid and soda ash

Citric acid

The buying and selling atmosphere in the citric acid market is light, and the price runs smoothly.

From the perspective of raw materials, on the supply side, grain sales in Northeast China are coming to an end, and the supply pressure has weakened significantly, and grain sales in North China are relatively average.

On the demand side, the operating rate of downstream deep processing continues to rise, and enterprises maintain safety stocks, mainly picking as they are used.From the perspective of the supply side, the inventory level of upstream production enterprises is relatively low, and the industry inventory is mainly concentrated in the hands of traders, and the supply is loose.From the demand side, the performance of downstream demand is not as good as expected.

Downstream food and beverage processing factories are running low, receiving less goods, and traders are slow in shipping. March is still the peak season for citric acid export, and the demand in the foreign trade market is relatively good.Forecast of the future market: The price of raw materials is stable and weak, which is not good for the price of citric acid. In March, the demand in the foreign trade market for citric acid was good, which was good for citric acid. In the short term, the price of citric acid may continue to run stably.

Soda ash

Last week, the spot feedback was slightly weaker, the light soda ash was weak, and the heavy soda ash was supported. In terms of light soda ash, the behavior of traders hoarding light soda ash has led to a relatively obvious destocking of light soda ash, but the actual downstream demand has not been significantly restored. During the week, the transaction feedback of midstream light soda ash was poor, and the center of gravity of the transaction moved down, which reflected the weakness of the downstream of light soda ash;

In terms of heavy soda ash, there is still support, mainly based on the rigidity of downstream demand and low inventory; however, the current gap in heavy soda ash has been closed, and the supply and demand of heavy soda ash are basically balanced with a small surplus. At present, the orders of soda factories continue to remain at more than 20 days; in the next week, it is said that after a certain soda factory lowered the price of heavy soda ash, the transaction feedback was good, and the price was immediately adjusted, which reflected the strong support of the spot price of heavy soda ash.

To sum up, in terms of demand, there have been varying degrees of weakening


Post time: Mar-15-2023