2-Hydroxypropanoic Acid Price Trend

2-Hydroxypropanoic Acid or Lactic acid is synthesised chemically from acetaldehyde or manufactured industrially by bacterial fermentation of carbohydrates. Beet sugar, cane sugar, maize, and tapioca are all used to make lactic acid. The domestic corn starch price changed in March. On March 1st, the average price of edible first-grade corn starch was 3,290 RMB/MT, up 3.53% from the previous month's average price of 3,406 RMB/MT. International grain prices continued to grow in March, local trading entities remained positive, and the market was unwilling to sell or support prices. To replenish stockpiles, deep processing companies continued to raise prices. The cost of corn starch processing increased across the board, as did the total domestic corn market price. The domestic corn starch market price climbed in all directions due to cost support.

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Procurement Resource provides latest prices of 2-Hydroxypropanoic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description:

Procurement Resource provides prices of 2-Hydroxypropanoic acid for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About 2-Hydroxypropanoic acid:

2-Hydroxypropanoic acid, also known as lactic acid, is an organic acid. It has a white solid state and is miscible with water. It is a colourless liquid solution. This chemical compound is made using both artificial synthesis and natural sources. Lactic acid is also known as alpha-hydroxy acid (AHA).

Chemical Formula:

  • C6H12O6

Synonyms:

  • Lactic acid

Molecular Weight:

  • 180.16 g/mol

Industrial Uses:

  • Food and beverages

Production Processes:

  • Production of Lactic Acid via Fermentation

Lactic acid is manufactured in the industrial sector through bacterial fermentation of carbohydrates or chemical synthesis from acetaldehyde.

Supplier Database:

  • Cargill, Inc.
  • Corbion NV
  • Henan Jindan Lactic Acid Technology Co., Ltd
  • DuPont de Nemour Inc.

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology:

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Procurement Resource also provides the detailed production cost analysis of 2-Hydroxypropanoic Acid See more

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