In April,2021 China market condition of citric acid, xanthan gum

Since 2021, the price of citric acid in China has soared, with a year-on-year increase of 60.81% relative to 2020.That is 54.55% year-on-year increase compared with 2019.April 20, 2021.The market price of citric acid in China began to stabilize, but the price did not continue to rise. The upstream enterprises actively undertake late-stage contracts and orders, and have a bidding mentality for customers, so the market price has a trend of implicit decline.Look specifically at this week’s market operation.In terms of market supply, at present, all the upstream production enterprises maintain normal operation, and some manufacturers have started to upgrade under the replenishment of raw material inventory recently, and the centralized release of market supply has increased.Demand, the domestic market downstream beverage, food demand increased limited, entering May may have a certain positive change.Export, export demand increment is limited, the recent enterprises to lock orders in advance, there is a phenomenon of bidding shipment.In terms of raw materials, the price of corn in North China rose slightly this week compared with last week. Because the deep-processing enterprises received less corn, the enterprises raised the price slightly, and the production cost of citric acid increased slightly.
According to the statistics of China’s export department, the export volume of citric acid in April 2021 was about 73,468 tons, down 5.54% month-on-month and 0.02% year-on-year, and the average export price increased 13.17% month-on-month.
In April, the spot supply of xanthan gum products in China was tight due to the change of supply and demand, and the price continued to maintain an upward trend.At least three other Chinese factories have proposed further price increases, ranging from $100 to $150.Follow-on prices still have the possibility of rising.


Post time: May-05-2021