Welcome to Acidity Regulator Quarterly China Report-Q3 2024
Citric acid industry:
Shandong Ensign completed Phase I of its 700,000 t/a citric acid green and intelligent upgrading project in June, while its H1 2024 results showed an increase in net profit but a decline in revenue.
Lactic acid (LA) industry:
In H1 2024, Jindan Technology reported year-on-year growth in both revenue and profit.
Succinic acid and L-malic acid industry:
Yongkai Biotech proposed to build 50,000 t/a bio-based succinic acid capacity, while Hinggan League Yuanli planned to add production capacity for 50,000 t/a succinic acid and 30,000 t/a L-malic acid in its bio-based new material project (Phase I).
In Q3 2024, citric acid prices remained low, with the quarterly average ex-works prices for monohydrate citric acid and anhydrous citric acid both decreasing by approximately 1.7% QoQ.
The USD/CNY exchange rate in this period is 7.0709, sourced from the People's Bank of China on 8 Oct., 2024. Except for special instructions, all prices involved in this period include VAT.

