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Corn Products China News

Publication: Monthly on the
Published by CCM

Corn Products China News provides you with real-time intelligence on China's corn products market.
 
China is the world's largest producer and exporter of many corn products, including citric acid, monosodium glutamate, vitamin C and vitamin B2.
 
However, many of China's leading corn processors industry are struggling as overcapacity, low prices and proliferating anti-dumping investigations in overseas markets take their toll on bottom lines. Meanwhile, there are hopes that the Chinese government may soon take action to reduce inflated domestic corn prices and reform the country’s import quota system.
 
Corn Products China News will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire corn products industry chain, from grain markets to the downstream food and feed markets. This includes:
      
  • Breaking news from China and abroad
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  • The latest market data, including price information for raw materials, intermediates and end products, import/export data, production, consumption, operating rates, etc.
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  • In-depth analysis of market trends, Chinese government policy, the performance of leading Chinese producers, M&A, new technologies, and more
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  • Expert commentary from industry insiders, including regular guest articles and interviews with insiders at leading Chinese manufacturers, associations and government organizations
Corn Products China News is also available as a monthly newsletter, which can be downloaded in PDF format. For more information, you can download a free sample below, or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.

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Main Content of Corn Products China News 201607

Price of this issue :
USD 117

Published on 28th July, 2016

On 15 July, the SASAC announced that COFCO, approved by the State Council, acquired Chinatex as its wholly-owned subsidiary.

Published on 28th July, 2016

On 20 July, 2016, news reported by Russian media showed that the Animal and Plant Health Supervision Bureau of Russian Federation would suspend importing feed from some enterprises in four countries including China from 29 July onward because GM ingredients were found in these feed and feed additives.

Published on 28th July, 2016

On 21 July, 2016, the MOA released the Agricultural and Rural Economic Operation in H1 2016 to adjust the planting ares of crops.

Published on 28th July, 2016

On 19 July, 2016, the State Council issued the Decision about Temporarily Adjust Related Administrative Regulations, Documents of the State Council and Department Rules Approved by the State Council in Free Trade Zones to temporarily adjust 18 administrative regulations and 4 department rules in the FTZs in Shanghai, Guangdong, Tianjin and Fujian

Published on 28th July, 2016

On 14 July, 2016, COFCO Biochemical released the H1 2016 performance estimate, which showed that its net profit could reach +USD1.50 million-+USD2.11 million (+RMB10 million-+RMB14 million), vs. -USD48.64 million (-RMB323.42 million) in H1 2015.

Published on 28th July, 2016

On 15 July, 2016, the US Congress passed the Genetically Modified Food Labeling Act, which requires food manufacturers to label genetically modified ingredients on products they sell.

Published on 28th July, 2016

On 14 July, 2016, Northeast Pharmaceutical released a correction about its performance forecast, which showed that the company would achieve a net profit of USD0-USD751,925 (RMB0-RMB5 million) in H1 2016, the figure was -USD12.95 million (-RMB86.13 million) in H1 2015.

Published on 28th July, 2016

On July 14, 2016, the National Grain Trading Center and grain trading centers in all provinces (regions and municipalities) organized a bidding fair for the corn for temporary storage, themed as "separate loan, separate pay".

Published on 28th July, 2016

On 30 June, 2016, Zhang Xiaojun, press secretary of the CSRC expressed that the CSRC has defined related matters about qualifications and grading filing on the domestic private securities fund management of wholly foreign-owned and joint-stock private securities fund management institutions.

Published on 28th July, 2016

Three auctions of overstored corn were held on 28 June, 29 June and 5 July in 2016 by the National Grain Trading Center and grain trading centers in all provinces (regions and municipalities).

Published on 28th July, 2016

China's ex-works prices of corn products remain relatively stable in July 2016, some of which show slight declines.

Published on 28th July, 2016

In May 2016, export volumes of corn products showed an obvious uptrend.

Published on 27th July, 2016

In H1 2016, China's HFCS price showed a downtrend and hit a record low in June. Thanks to the price reduction, export volume of HFCS significantly increased.

Published on 27th July, 2016

Although China's corn oil price drops to a record low in July 2016, it is still unable to enter the mainstream edible oil market due to its high price. Now, China's corn oil is mainly pitched at high-end market where Xiwang Foodstuffs and Changshouhua Food take lead.

Published on 27th July, 2016

As the subsidy policy for corn deep-processing expired in Jilin Province on 1 July, 2016, all domestic subsidy policies for corn deep-processing have been officially canceled in China. Fortunately, corn deep-processing enterprises will not be impacted thanks to the slumping corn price and their transformation to reduce purchase cost. Actually, both price and supply of corn are positive for them now.

Published on 26th July, 2016

Guangji Pharmaceutical forecasts to turn losses into gains in H1 2016, thanks to the increasing prices of its leading products, VB2 and VB6. In the past few years, the company has suffered fluctuating performances, as a result of its lack of diversity in product structure.

Published on 26th July, 2016

Since 5 July, 2016, Shandong Province has promoted ethanol gasoline in eight cities, together with many provinces that recently started promoting ethanol gasoline for the reason that it not only reduces waste gas emission, but also provides a large amount of fuel resources by utilizing waste straw. However, due to high price, consumers' misunderstanding and the competition of new alternative energies, China is bound to encounter difficulties in popularizing ethanol gasoline.

Published on 19th July, 2016

The further slumping market price of furfural dragged the export price to a record low in May 2016. Meantime, the export volume fell in Jan.-May, mainly affected by reducing crude oil price and week demand overseas. CCM predicts that the furfural export will keep low after entering the slack season later.

Published on 14th July, 2016

Since when the new-harvested wheat flowed into the market in June 2016, the domestic wheat price has suffered a slump. As a result, the narrowing price gap between wheat and corn prompted feed enterprises to substitute corn with wheat. CCM , however, predicts that the price gap is bound to eventually widen in the future.

Published on 14th July, 2016

In H1 2016, China issued successive policies about reducing corn planting area, and canceled the purchase policy of corn for temporary storage as well as the subsidy of deep-processing due to the huge inventories. Market supply remained tight as the state purchased most of high-quality corn, and market price fell to the bottom in April and then rebounded in May. Meantime, import volume of corn soared. CCM predicts, however, both market price and import volume will drop thanks to the supplementary market supply in the future.

Published on 11th July, 2016

In May 2016, China's export volume of xylitol hit a record high thanks to the low export price and domestic overcapacity. Meantime, the total export volume in Jan.-May also reported a YoY rise especially for that was exported to European countries. CCM predicted that supported by the low domestic ex-works price, the export volume would maintain high in later period.

Published on 11th July, 2016

China's citric acid price rose rapidly in Q2 2016, mainly affected by the increasing corn price and improving domestic demand. Nevertheless, given the overcapacity of citric acid and the falling corn price in later period, citric acid price is likely to stop rising later.

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