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Acidity Regulator

July 2023 | 22 pages | ID: A346811BB385EN
Guangzhou CCM Information Science & Technology Co., Ltd. (CCM)

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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.
Editor's Note
Market Analysis
Jindan Technology unveils earnings growths for 2022 but a slash in latest Q1 indicators
Company Dynamics
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
Price Update
Ex-works prices of acidity regulators in China, Q2 2023
Citric acid price hovering around low level in Q2
Import and Export
Exports of acidity regulators and raw materials in China, Q1 2023
News in Brief
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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