中国酸度调节剂季报

Welcome to Acidity Regulator Quarterly China Report-Q3 2023.

Citric acid industry:

In this quarter, the environmental impact (EI) report of Shandong Ensign's 700,000 t/a citric acid green and intelligent upgrading project was approved. On policy, the revised Industry Standard for Potassium L-Lactate and Industry Standard for Sodium L-Lactate were announced, taking effect in 2024.

Lactic acid industry:

Jindan Technology reported revenue and profit reductions in H1 2023.

Succinic acid & malic acid industry:

EI report of Land Biological's succinic acid technological upgrade and transformation project was approved.

In Q3 2023, the price of citric acids remained at low level; the quarterly average ex-works prices of monohydrate citric acid and anhydrous citric acid slipped by 0.8% and 0.5% QoQ respectively.

The USD/CNY exchange rate in this period is 7.1789, sourced from the People's Bank of China on 9 October, 2023. Except for special instructions, all prices involved in this period include VAT.