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年間契約型情報サービス

中国のトウモロコシ製品市場

Corn Products China News

発行 CCM 商品コード 204041
出版日 年12回 年間契約型情報サービス ページ情報 英文
価格
本日の銀行送金レート: 1USD=115.18円で換算しております。
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中国のトウモロコシ製品市場 Corn Products China News
出版日: 年12回 年間契約型情報サービス ページ情報: 英文
概要

中国は最大のトウモロコシ製品の生産国および輸出国で、そのなかにはクエン酸、グルタミン酸ナトリウム、ビタミンCおよびビタミンB2などが含まれ、中国のトウモロコシ製品は、世界中から大きな関心を集めています。

当ニューズレターでは、中国のトウモロコシ製品市場の最新動向について調査分析し、各種トウモロコシ製品の価格の推移、主要各社の取り組み、市場における主要ニュース、政府の政策・法規制、新技術、注目のエリアの分析などをまとめ、年12回のペースにて概略下記の構成でお届けいたします。

調査内容の例(過去のレポートから)

  • 2011年1月から4月にかけてのフルフラールの輸出量の大幅増加
  • 中国のトウモロコシ製品の輸出入分析:2011年4月
  • コーンスターチ価格の下落傾向:2011年6月
  • リジン価格の上昇:2011年5・6月
  • 安定的なビタミンCの輸出価格:2011年1-4月
  • Shandong Longliveの事業拡張に向けたIPO:2011年5月の承認
  • Northeast Pharmaceutical:主にビタミンCの製造技術のアップグレードおよびリロケーションに向け3億6,200万米ドルを計上
  • 食品添加物の利用に関する新たな基準:おそらくトウモロコシ製品への影響は少ない
  • Meihua Group・Novozymes:繊維素材料を利用したアミノ酸の製造に関する共同研究
  • Xiwang Sugar:Global Sweeteners・Baolingbaoを上回る業績:2010年
  • DDGS価格の若干の上昇:2011年6月
  • 中国の飼料業界でトウモロコシの代替となる小麦
  • Global Bio-chem:利益予告を発表
  • 年間300,000tのグルタミン酸ナトリウムプロジェクト:進行中
  • Meihua Groupの新技術
  • Angel Yeast:A株非公開募集の申請承認、など
目次

The Chinese government is planning to carry out directional selling on old corn. CCM predicted that the corn produced in Northeast China in 2012 would be the major grain resource involved in this directional selling and the price would be more likely lower than USD235.90/t (RMB1 ,500/t). Alcohol and fuel ethanol enterprises are the main subjects in directional selling. But as this plan caused excessive corn in later period, the corn price has fluctuated and declined since mid-Feb. 2016.

Though some provinces in China reduce the corn planting areas in 201 6 to respond to the Structure Adjustment Plan on Corn Planting Area in Sickle-shape Region (201 6-2020), it is predicted that this reduction still works little on the output of corn as the inventory is still full and the supply is stable as well.

China's market price of corn starch continued falling affected by the decreasing market price of corn and the reduced downstream demand. It is predicted that the corn starch price would keep falling in later period for mainly reasons including the cancelation of the export tax rebate policy.

On 2 March, 201 6, Longlive Bio-technology announced to put its XOS into the European feed market in order to promote XOS in overseas feed markets. Also, its performance is being negatively affected by low fuel ethanol prices.

In 2015, Guangji Pharmaceutical turned losses into gains, thanks to rises in the price of VB2 and VB6.

However, the company still faces some pressure from environmental protection and its own simplistic product structure.

On 1 March, 2016, Meihua Bio released its full-year financial report of 2015, which showed that the company recorded a increase in its total revenue and a fall in its net profit. Meihua Bio is also reducing the proportion of MSG business.

China's market price of soybean meal keeps falling in Q1 201 6 affected by the declining raw material price and weakening demand. It is predicted that the price would continuously decrease in later period in consideration of the high-yield South American soybean, stable inventory and the not-strong downstream demand.

In Jan. 2016, China's exports of furfural recorded declines affected by the falling corn price and crude oil price, as well as the rising domestic inventory. CCM predicted that the export volume of furfural would keep falling in 2016 in the face with the negative global economic environment and the international situation.

In Q1 2016, the market price of VC in China remained low and stable. Besides, because of overcapacity and production expansion, the price is unlikely to rebound significantly in the short term.

China's citric acid price remains low in Q1 201 6 and it is likely to decline further in the coming two months. As the market price drops, the export price will also fall.

In 2016, the Chinese government formulates a series of policies to reduce the corn inventory. Provinces like Heilongjiang all release plannings to reduce the planting area of corn. The directional selling of old corn is the first step for the destocking of corn and China has issued the preliminary list on 16 Feb. This led to increasing amount of corn being put into the market, causing the corn price to decline in later period.

In March 2016, corn price falls steadily. The prices of corn processed products remain low affected by the corn price. For instance, the market price of corn starch and citric acid has reduced for 3 consecutive months and two consecutive months respectively. It is predicted that the figures would keep falling influenced by the corn price. But it should be noted that the VC price keeps stable. However, it will not rebound largely in a short run due to the overcapacity.

As for the imports and exports, the export price of furfural drops to the lowest since Jan. 2014, and the export volume also meets downward trend. In the face of the negative economy worldwide, China's export volume of furfural would keep declining.

The price of soybean meal also continuously decreases in 2016. It is estimated that the price would keep falling in later period ascribed to the high-yield South American soybean and the weak downstream demand.

On 1 March, Meihua Bio released the 2015 financial report. As one of the largest MSG and amino acid producers in China, Meihua Bio is planning to compress the MSG business and invest more into the amino acid production. It hopes to transfer the business focus to make high added-value amino acid as its profit growth point.

As China's largest oligosaccharide producer, Longlive Biotechnology actively develops the overseas business. On 2 March, it announced to march into the European market, laying a foundation for the oligosaccharide promotion in the overseas additive area.

Regarding the overseas market, both Vietnam's canceling the import tariff of MSG and Canada's expanding the application of erythritol are good for China's merchandise export.

The USD/RMB exchange rate in this report is USD1.00=RMB6.5385 on 1 March, 2016, sourced from the People's Bank of China. All the prices mentioned in this report will include the VAT, unless otherwise specified.

Table of Contents

  • Directional selling leads corn price to go down
  • China to cut down corn planting areas
  • Forecast: market price of corn starch to fall
  • Longlive Bio-technology puts XOS into European feed market
  • Guangji Pharmaceutical turns losses into gains in 2015
  • Meihua Bio reduces proportion of MSG business
  • Soybean meal price keeps dropping in Q1 2016
  • Chinese corn products Imp. & Exp., Jan. 2016
  • Export volume of furfural goes down in China in 2016
  • Price update of corn products, March 2016
  • Chinese VC price remains low and stable in Q1 2016
  • Citric acid: price remains low in Q1 2016
  • Xiwang Foodstuffs introduces shareholder into corn oil project
  • Shanxi reduces subsidies on corn plantation
  • Yimei Bio-technology planning to built 5,000 t/a mannitol project
  • Profitability of grain processing and manufacturing industry improves in 2015
  • NPS likely to participate in CJ Group's acquisition of Meihua Bio
  • Jilin reduces subsidies on corn deep-processing enterprises
  • Vietnam gradually cancels import tariff of MSG
  • Global market gap widens price difference between sugar and HFCS in China
  • Anti-dumping investigation reduces China's import volume of DDGS
  • Canada approves wider application of erythritol
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