Acidity Regulator China Quarterly Report

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Acidulant
2023-Q4
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Acidity Regulator Quarterly China Report Q2 2023

Complete
date Published Date:1 Apr 2023
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Editor's Note
date Published Date:22 Jun 2026

Welcome to Acidity Regulator Quarterly China Report-Q2 2023

 

Citric acid industry

In Q2 2023, Shandong Ensign is formally listed on NEEQ. The company's finished construction of 400,000 t/a refined citric acid project was approved in the quarter and proposed a 700,000 t/a citric acid upgrade project.

 

Lactic acid industry

Jindan Technology reported growths in both revenue and profit in 2022.

 

Succinic acid & malic acid industry

Huaheng Biotech aimed to raise funds to support its new succinic acid and malic acid projects.

 

In Q2 2023, the prices of citric acids edged down further; the quarterly average ex-works prices of monohydrate citric acid and anhydrous citric acid rose by about 21% and 20% QoQ respectively.

 

The USD/CNY exchange rate in this period is 7.2157, sourced from the People's Bank of China on 3 July, 2023. Except for special instructions, all prices involved in this period include VAT.

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Market Analysis
date Published Date:22 Jun 2026
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  • Jindan Technology unveils earnings growths for 2022 but a slash in latest Q1 indicators
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Company Dynamics
date Published Date:22 Jun 2026
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  • Shandong Ensign: Citric acid capacity expansion proposal and refined citric acid project completion
  • Shandong Ensign listed on NEEQ
  • Huaheng Biotech updates prospectus for fund raising via private placement of A-shares
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Price Update
date Published Date:22 Jun 2026
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  • Ex-works prices of acidity regulators in China, Q2 2023
  • Citric acid price hovering around low level in Q2
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Import and Export
date Published Date:22 Jun 2026
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  • Exports of acidity regulators and raw materials in China, Q1 2023
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News in Brief
date Published Date:22 Jun 2026
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  • Shengda Bioengineering proposes 6,000 t/a tartaric acid project
  • COFCO Biotech's citric acid sales soar in 2022
  • RZBC Boyuan greenlighted for biogas treatment upgrade and 200,000 t/a citric acid construction
  • Tiger Biotech completes phase I of 25,000 t/a recycled lactic acid project
  • Liangyungang Juwei Yuanchuang to build succinic acid project
  • Qingdao bioenergy institute develops integrated lactic acid production method based on agri-waste biomass
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