Amino Acids China E-News 202308
Welcome to the August issue of Amino Acids China E-News.
With regard to company dynamics, four listed enterprises that engage in amino acid business released their semi-annual reports for H1 2023.
Bluestar Adisseo reported year-on-year decreases in its H1 results. Additionally, it formally announced the plan to build new capacity for solid methionine.
Meihua Group's H1 results also declined YoY, which was mainly attributed to effects of amino acid products.
Zhejiang Hugeleaf's H1 results slid YoY as well, but its L-Tryptophan delivered solid financial performance.
Jingjing Pharma's H1 revenue rose YoY, thanks to the sales growth of additive products. Besides, the construction of its 25,000 t/a amino acid food additives project is expected to commence in Oct.
With regard to project progress:
The environmental protection (EP) facilities in Nanjing Bluestar Adisseo's second-phase 180,000 t/a liquid MHA-FA project passed acceptance inspection. The results were made public.
The environmental impact report of Heilongjiang Nuopu's 'construction project of capacity expansion and technical renovation for amino acids as well as building pilot-scale experiment workshop' was published before being submitted.
The EP facilities in Shanghai Ajinomoto's 'production line retrofitting project' passed acceptance inspection. Thanks to this project, the company's production capacity for amino acids has been increased by 685.1 t/a. The results were made public.
EP facilities in Jinyao Pharma's 1,100 t/a amino acid project passed acceptance inspection. The results were made public.
With regard to government-related news:
China National Centre for Food Safety Risk Assessment solicited public opinions on the drafts of two revised national food safety standards, namely National Food Safety Standard—Standard for the Use of Nutritional Fortification Substances in Foods and the National Food Safety Standard—Food Additives—L-Arginine.
The Ministry of Agriculture and Rural Affairs (MARA) released the latest list of approved registrations of imported feed and feed additives, which includes newly-approved or renewed registration entries. 12 registration entries are pertinent to amino acids.
The scope of application of feed additive chromium methionine chelate was expanded, according to MARA.
With regard to imports and exports:
In H1 2023, China's import volume of methionine exhibited an upward trajectory in the first three months, but kept declining in the last three months; while the monthly average import price of methionine was sliding overall. China's total export volume of methionine in H1 2023 dipped by 4.19% over that in H1 2022; the monthly average export price of methionine was steadily dropping.
With regard to product prices:
The ex-works prices of 98.5% L-Lysine hydrochloride and 70% L-Lysine sulphate in Aug. continued to rebound and both rose MoM.
The USD/CNY exchange rate in this Report is USD1.00 = CNY7.1283, which was sourced from the People's Bank of China on 1 Aug., 2023. All the prices mentioned in this Report will include the VAT, unless otherwise specified.
With regard to company dynamics, four listed enterprises that engage in amino acid business released their semi-annual reports for H1 2023.
Bluestar Adisseo reported year-on-year decreases in its H1 results. Additionally, it formally announced the plan to build new capacity for solid methionine.
Meihua Group's H1 results also declined YoY, which was mainly attributed to effects of amino acid products.
Zhejiang Hugeleaf's H1 results slid YoY as well, but its L-Tryptophan delivered solid financial performance.
Jingjing Pharma's H1 revenue rose YoY, thanks to the sales growth of additive products. Besides, the construction of its 25,000 t/a amino acid food additives project is expected to commence in Oct.
With regard to project progress:
The environmental protection (EP) facilities in Nanjing Bluestar Adisseo's second-phase 180,000 t/a liquid MHA-FA project passed acceptance inspection. The results were made public.
The environmental impact report of Heilongjiang Nuopu's 'construction project of capacity expansion and technical renovation for amino acids as well as building pilot-scale experiment workshop' was published before being submitted.
The EP facilities in Shanghai Ajinomoto's 'production line retrofitting project' passed acceptance inspection. Thanks to this project, the company's production capacity for amino acids has been increased by 685.1 t/a. The results were made public.
EP facilities in Jinyao Pharma's 1,100 t/a amino acid project passed acceptance inspection. The results were made public.
With regard to government-related news:
China National Centre for Food Safety Risk Assessment solicited public opinions on the drafts of two revised national food safety standards, namely National Food Safety Standard—Standard for the Use of Nutritional Fortification Substances in Foods and the National Food Safety Standard—Food Additives—L-Arginine.
The Ministry of Agriculture and Rural Affairs (MARA) released the latest list of approved registrations of imported feed and feed additives, which includes newly-approved or renewed registration entries. 12 registration entries are pertinent to amino acids.
The scope of application of feed additive chromium methionine chelate was expanded, according to MARA.
With regard to imports and exports:
In H1 2023, China's import volume of methionine exhibited an upward trajectory in the first three months, but kept declining in the last three months; while the monthly average import price of methionine was sliding overall. China's total export volume of methionine in H1 2023 dipped by 4.19% over that in H1 2022; the monthly average export price of methionine was steadily dropping.
With regard to product prices:
The ex-works prices of 98.5% L-Lysine hydrochloride and 70% L-Lysine sulphate in Aug. continued to rebound and both rose MoM.
The USD/CNY exchange rate in this Report is USD1.00 = CNY7.1283, which was sourced from the People's Bank of China on 1 Aug., 2023. All the prices mentioned in this Report will include the VAT, unless otherwise specified.
Headline
Editor's Note
Governmental Direction
CFSA soliciting comments on two revised national food safety standards
MARA: latest approved registrations of imported feed and feed additives; expansion of chromium methionine chelate's application
Market Analysis
Meihua Group and Zhejiang Hugeleaf report dips in H1 results; two firms' amino acid segments vary in performance
Jingjing Pharma: strong additive sales boost H1 revenue; new 25,000 t/a food additives project filed for record
Company Dynamics
Bluestar Adisseo discloses H1 results and formally announces solid methionine capacity expansion plan
EP facilities in Shanghai Ajinomoto's production line retrofitting project gain post-completion acceptance
More details of Heilongjiang Nuopu's amino acid technical renovation project revealed in EI report
EP facilities in Jinyao Pharma's 1,100 t/a amino acid project gain post-completion acceptance
Price Update
The prices of major amino acid varieties in China, Aug. 2023
Prices of lysine products in Aug. present MoM uplift
Import and Export
Import and export data of five amino acid varieties in China, June 2023
Analysis of China's methionine imports and exports in H1 2023
News in Brief
EI report of Chia Tai Linghua Biotech's feed-grade tryptophan project published
EP facilities in Hunan Longteng's feed additive and food additive project accepted
Draft of national standard Monosodium L-glutamate (MSG) released for soliciting public opinions
Grand Xianle to build two L-Phenylalanine production lines delivering 500 t/a capacity
Status update: Chuanning Biotech's green circular industrial park project
First-time EIA publication of Grand Hoyo's amino acid project (Phase II) in Xiantao City
Jiangyin Huachang to build new taurine purification workshop
EI report of Chenrun New Material's 20,000 t/a amino acid project accepted
Expansion of Evonik's DL-Methionine capacity in Singapore enters next stage
First-time EIA publication of Xinranyu Pharma's 3,000 t/a amino acids and derivatives project
Editor's Note
Governmental Direction
CFSA soliciting comments on two revised national food safety standards
MARA: latest approved registrations of imported feed and feed additives; expansion of chromium methionine chelate's application
Market Analysis
Meihua Group and Zhejiang Hugeleaf report dips in H1 results; two firms' amino acid segments vary in performance
Jingjing Pharma: strong additive sales boost H1 revenue; new 25,000 t/a food additives project filed for record
Company Dynamics
Bluestar Adisseo discloses H1 results and formally announces solid methionine capacity expansion plan
EP facilities in Shanghai Ajinomoto's production line retrofitting project gain post-completion acceptance
More details of Heilongjiang Nuopu's amino acid technical renovation project revealed in EI report
EP facilities in Jinyao Pharma's 1,100 t/a amino acid project gain post-completion acceptance
Price Update
The prices of major amino acid varieties in China, Aug. 2023
Prices of lysine products in Aug. present MoM uplift
Import and Export
Import and export data of five amino acid varieties in China, June 2023
Analysis of China's methionine imports and exports in H1 2023
News in Brief
EI report of Chia Tai Linghua Biotech's feed-grade tryptophan project published
EP facilities in Hunan Longteng's feed additive and food additive project accepted
Draft of national standard Monosodium L-glutamate (MSG) released for soliciting public opinions
Grand Xianle to build two L-Phenylalanine production lines delivering 500 t/a capacity
Status update: Chuanning Biotech's green circular industrial park project
First-time EIA publication of Grand Hoyo's amino acid project (Phase II) in Xiantao City
Jiangyin Huachang to build new taurine purification workshop
EI report of Chenrun New Material's 20,000 t/a amino acid project accepted
Expansion of Evonik's DL-Methionine capacity in Singapore enters next stage
First-time EIA publication of Xinranyu Pharma's 3,000 t/a amino acids and derivatives project
