1. Closing Prices in Mainstream Markets (Previous Period)
Citric Acid Closing Price Table
Unit: RMB / MT
| Market | Grade | Closing Price on Jan 30 | Daily Change |
|---|---|---|---|
| China | Citric Acid Monohydrate | 4,587.5 | +2.5% |
| China | Citric Acid Anhydrous | 5,117 | +2.0% |
Price terms: VAT included, cash payment, ex-works
According to market monitoring data from SCI (Sublime China Information), the citric acid market remained generally stable in the previous trading day.
On January 30, the average ex-factory price of citric acid monohydrate was approximately RMB 4,587.5/MT, up 2.5% from the previous working day.
The average ex-factory price of citric acid anhydrous was around RMB 5,117/MT, representing an increase of 2.0% day on day.
2. Key Factors Affecting Current Price Movements
Raw Materials
In North China, some trading channels released limited volumes, leading to a slight increase in grain supply in the market. Downstream buyers mainly purchased on a need-based basis, while farmers maintained strong price-holding sentiment.
As a result, mainstream prices are expected to remain stable in the short term, while cost pressure remains elevated.
3. Market Outlook
Recently, corn and sulfuric acid prices have stayed at high levels with a firm trend, providing bullish support to the citric acid market. Manufacturers showed reluctance to sell at lower prices, and mainstream quotations were adjusted upward.
Stimulated by partial price increases, some downstream buyers made limited replenishment purchases. However, with the approach of the Chinese New Year, overall trading volumes are unlikely to expand significantly.
Based on market survey feedback, approximately 80% of industry participants expect prices to remain stable, while 20% anticipate further increases.
Therefore, the citric acid market is expected to operate steadily in the near term, with the average price in Shandong estimated at RMB 4,650/MT, unchanged from the previous working day.