Acidity Regulator China Quarterly Report

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Acidity Regulator Quarterly China Report Q3 2024

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date Published Date:1 Jul 2024
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Editor's Note
date Published Date:22 Jun 2026

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.

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Market Analysis
date Published Date:22 Jun 2026
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  • Yongkai Biotech to build capacity for 50,000 t/a bio-based succinic acid
  • Hinggan League Yuanli to build bio-based new material project in Hinggan League
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Company Dynamics
date Published Date:22 Jun 2026
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  • Jindan Technology's first-half net profit up 17.30% on higher revenue
  • Shandong Ensign: 700,000 t/a citric acid project completed, H1 2024 earnings decline
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Price Update
date Published Date:22 Jun 2026
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  • Ex-works prices of acidity regulators in China, Q3 2024
  • China's citric acid price stays stable and low in Q3 2024
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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, Q2 2024
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News in Brief
date Published Date:22 Jun 2026
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  • EI report of Laiwu Taihe's biogas power generation technology renovation project approved
  • Ningbo Nuojie's laboratory project for lactic acid production completed
  • COFCO Yushu proposes 30,000 t/a lactide capacity
  • COFCO Biotech reports decline in citric acid sales in H1 2024
  • Qinhuangdao Huaheng's bio-based malic acid project passes acceptance check
  • EI report of Alansger's citric acid refining project approved
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