Corn Products China News 202408 (12 issues per year)
Welcome to the Aug. issue of Corn Products China News
Governmental Direction
Dulcitol has been approved by MARA as a novel feed additive.
Market Analysis
In H1 2024, Angel Yeast's revenue and net profit grew YoY.
China Starch's H1 2024 revenue dipped while its gross profit rose.
In H1 2024, Shandong Ensign's revenue declined YoY, yet its net profit increased YoY.
Hisun Biomaterials has reported its H1 results, with revenue and net profit growth YoY.
Project Update
Inner Mongolia Jianyi's "XOS industrial park construction project"
Harbin Yimei's "xylitol production line technological upgrading project"
Huakang Pharma's "sugar alcohols project"
Kunlun Zhenlong's "furfural project"
Price Update
In Aug., furfural prices in China hit the peak of the year so far.
Import and Export
The export volume of sorbitol in July dropped from last month but increased compared to the same period last year.
1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1323 on 1 Aug., 2024, sourced from the People's Bank of China. All
the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
2. Except for the import & export analysis, other % changes in this newsletter are calculated in RMB.
Governmental Direction
Dulcitol has been approved by MARA as a novel feed additive.
Market Analysis
In H1 2024, Angel Yeast's revenue and net profit grew YoY.
China Starch's H1 2024 revenue dipped while its gross profit rose.
In H1 2024, Shandong Ensign's revenue declined YoY, yet its net profit increased YoY.
Hisun Biomaterials has reported its H1 results, with revenue and net profit growth YoY.
Project Update
Inner Mongolia Jianyi's "XOS industrial park construction project"
Harbin Yimei's "xylitol production line technological upgrading project"
Huakang Pharma's "sugar alcohols project"
Kunlun Zhenlong's "furfural project"
Price Update
In Aug., furfural prices in China hit the peak of the year so far.
Import and Export
The export volume of sorbitol in July dropped from last month but increased compared to the same period last year.
1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1323 on 1 Aug., 2024, sourced from the People's Bank of China. All
the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
2. Except for the import & export analysis, other % changes in this newsletter are calculated in RMB.
Editor's Note
Governmental Direction
N-acetylglucosamine approved as new food ingredient
MARA approves dulcitol as a novel feed additive
Market Analysis
Angel Yeast sees YoY revenue and profit boost
China Starch H1 2024 revenue dips, gross profit rises
Shandong Ensign H1 2024 revenue drops
Hisun Biomaterials posts earnings growth for H1 2024
Company Dynamics
Update on three sugar alcohol projects
Update on Kunlun Zhenlong's furfural project
Price Update
Price update of corn products, Aug. 2024
Furfural prices rise over 8% MoM in Aug.
Import and Export
Chinese corn products Imp. & Exp., July 2024
Export volume of sorbitol drops 13% MoM in July
News in Brief
CASDE monthly update–Aug. 2024
Futaste Pharma launches functional sugar alcohol upgrading project
Shaanxi Guowei finishes 1 million t/a corn deep processing project
Inner Mongolia Lvweikang applies to set up enzyme preparations production line
BBCA Vikang's valine project inspected upon completion
Jilin OGO plans to ramp up production of starch-based sugar
Inner Mongolia Junchuang plans to produce xanthan gum
Henan Ruimei proposes high-purity niche amino acids project
Shandong Tianqiu's xylose, xylitol and syrup project inspected upon completion
Uxinqi Herong plans to produce furfural
Governmental Direction
N-acetylglucosamine approved as new food ingredient
MARA approves dulcitol as a novel feed additive
Market Analysis
Angel Yeast sees YoY revenue and profit boost
China Starch H1 2024 revenue dips, gross profit rises
Shandong Ensign H1 2024 revenue drops
Hisun Biomaterials posts earnings growth for H1 2024
Company Dynamics
Update on three sugar alcohol projects
Update on Kunlun Zhenlong's furfural project
Price Update
Price update of corn products, Aug. 2024
Furfural prices rise over 8% MoM in Aug.
Import and Export
Chinese corn products Imp. & Exp., July 2024
Export volume of sorbitol drops 13% MoM in July
News in Brief
CASDE monthly update–Aug. 2024
Futaste Pharma launches functional sugar alcohol upgrading project
Shaanxi Guowei finishes 1 million t/a corn deep processing project
Inner Mongolia Lvweikang applies to set up enzyme preparations production line
BBCA Vikang's valine project inspected upon completion
Jilin OGO plans to ramp up production of starch-based sugar
Inner Mongolia Junchuang plans to produce xanthan gum
Henan Ruimei proposes high-purity niche amino acids project
Shandong Tianqiu's xylose, xylitol and syrup project inspected upon completion
Uxinqi Herong plans to produce furfural
