In
Sept. 2013, the total import value of corn products in China witnessed a MoM
decrease of 41% while the total export value increased sharply by 171% MoM.
According
to China Customs, in the first nine months of 2013, China's furfural export
value was just USD17.0 million, down 47.4% year on year, due to decreases in both
the export volume and the export price of the product in this period.
The
ex-works price of MSG in China has witnessed a downtrend since Sept. 2013, due
to oversupply, weak demand and insufficient cost support.
According
to data from CCM, the ex-works price of DDGS in China declined remarkably in
Oct. 2013, mainly due to the decreasing demand from downstream industries and
the increasing supply of DDGS.
On
Oct. 11, 2013, Baolingbao announced that the company had obtained a new
patent——a preparation method for the co-production of high purity IMO and
alcohol, with a 20-year validity period.For every tonne of IMO produced by this
technology, the total production cost will be reduced by 10%.
Recently,
Longlive Bio-technology has been committed to developing cellulosic ethanol. On
Nov. 13, 2013, the company's project on processing 200,000t/a of straw was
approved to be established in Dezhou, Shandong Province, which is mainly to
produce cellulosic ethanol with a capacity of 30,000t/a. As early as Oct. 2013,
the company decided to build a subsidiary in Denmark to improve its R&D of
cellulosic ethanol.
On
Oct. 24, 2013, the US Department of Commerce (USDC) announced that it would
start anti-dumping and countervailing duty investigations on MSG from China and
Indonesia, aiming to define whether these products have threatened the MSG
industry in the US.
The
domestic market price of corn oil remained low during Aug.-Oct., 2013, and is
estimated to continue its decline in the near future.
According
to CCM's data, the domestic market price of furfural has enjoyed an uptrend
during Aug.-Oct. 2013, mainly due to tight supply, increasing demand and
increasing costs.
The
People's Government of Jilin Province decided to start in advance the
government's corn purchase for temporary reserve in Songyuan City, Jilin
Province from Nov. 8, 2013, which prevented the market price of corn in
Songyuan from decreasing.
China's
total import quota for sucrose will remain 1.945 million tonnes in 2014.
However, it remains unknown whether the sucrose import volume continues to be
large in 2014 as in the current year.
Table of Contents of
Corn Products China News 1311:
China
to import large quantity of GM corn from Brazil
Chinese
corn products Imp. & Exp., Sept. 2013
China's
furfural export value declines by 47.4% YoY, Jan.-Sept. 2013
Ex-works
price of MSG witnesses a downtrend since Sept. 2013
Ex-works
price of DDGS declines recently
Baolingbao
obtains new patent for IMO production, Oct. 2013
Longlive
Bio-technology commits to developing cellulosic ethanol
USDC's
anti-dumping and countervailing duty investigations on MSG native to China and
Indonesia
Market
price of corn oil maintains at a low level, Aug.-Oct. 2013
Market
price of furfural enjoys uptrend, Aug.-Oct. 2013
Government
purchase of corn for temporary reserve starts in Jilin Province in advance
China's
import quota for sucrose remains 1.945 million tonnes in 2014
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