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Amino Acids China E-News
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, including regular guest articles and interviews with insiders at leading Chinese manufacturers, associations and government organizations
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Main Content of
Amino Acids China E-News 201905
Price of this issue :
USD
98
Investment in 2 million t/a of corn deep processing project in Arun Banner
Published on 4
th
June, 2019
Wuxi Jinghai reversed its loss in H2 2018
Published on 4
th
June, 2019
According to Wuxi Jinghai's 2018 financial report published in late April, its 2018 sales decreased by 1.36% YoY to USD27.77 million (RMB187 million) and the net profit rose by 33.38% YoY to USD1.96 million (RMB13.22 million). The increase in its net profit was an result of its improved gross profit margin and cost control.
Imports and exports of selected amino acids in China, April 2019
Published on 4
th
June, 2019
Severe capacity abatement in live pig industry push up April prices
Published on 4
th
June, 2019
Influenced by environmental policies and African swine fever, China's live pig capacity slumped. Currently, several local authorisations have taken measures to guarantee live pig supplies via encouraging farmers to raise more pigs and developing large-scale standard pig farming. Meanwhile, the average price of live pig increased from March to April.
Haisco receives acceptance notice for consistency evaluation of LEAA (17) glucose (11%) injection
Published on 4
th
June, 2019
On 22 May, Haisco announced that it's generic drug, LEAA (17) glucose (11%) injection, had obtained the acceptance notice for consistency evaluation issued by the SDA, which marked a new stage in the consistency evaluation of the variety, and would greatly increase its market competitiveness after the approval.
Influence of new progress of Sino-US Trade War on import and export of amino acids
Published on 4
th
June, 2019
Since 10 May, 2019, the US's tariff rate on the list of goods valued at USD200 billion imported from China has been increased from 10% to 25%, including amino acid products such as monosodium glutamate (HTS Subheading: 2922.42.10); glutamic acid and glutamate, except monosodium glutamate (HTS Subheading: 2922.42.50), glycine (HTS Subheading: 2922.49.43), methionine (HTS Subheading:2930.40.00). In response, on 13 May, the Chinese CTCSC issued a notice on raising tariff rates for some imports originating in the US, most of which were amino acid products, yet causing a small impact.
Ex-works prices of major amino acids in China, May 2019
Published on 4
th
June, 2019
Tryptophan prices in May fall to their lowest level since 2016
Published on 4
th
June, 2019
The average price of tryptophan in May was USD7,476.08/t)(RMB49,000/t, down by 7.55% MoM and 30.00% YoY, the lowest level since 2016. At present, China's tryptophan production capacity is relatively abundant, compared with a reduced downstream demand, so tryptophan prices will continue to run low in the short term.
Meihua Group’s lysine production
Published on 4
th
June, 2019
Meihua Group disclosed its lysine production in response to the SSE's inquiries on its 2018 financial report. It also reported during the interaction with investors in late May that its lysine production lines in Tongliao have been shifted to the production of other products.
EIA report of Puji Biotech’s rectification and expansion project published
Published on 30
th
May, 2019
Fuan Pharmaceutical receives notification of acceptance for L-Ornithine-L-Aspartate injection consistency evaluation
Published on 30
th
May, 2019
Yihai Kerry Group building its Fuyu Modern Agricultural Industrial Park
Published on 30
th
May, 2019
2nd publication of EIA report of Xinjiang Suyuan’s 2nd-phase 5,000 t/a L-phenylalanine project
Published on 30
th
May, 2019
Changchun Xincheng’s 18,000 t/a amino acid fertiliser ingredient project to be approved
Published on 30
th
May, 2019
Jiahe Biotech’s technical upgrading project
Published on 30
th
May, 2019
Progresses of NHU & Sichuan Hebang’s methionine projects
Published on 28
th
May, 2019
In late April 2019, NHU and Sichuan Hebang published their 2018 full-year financial reports, in which they also disclosed the progresses of their methionine projects.
Sichuan publishes EIA reports of 2 amino acid projects
Published on 22
nd
May, 2019
In mid-May, the People's Government of Sichuan Province uploaded EIA reports of 2 amino acid projects – 10 t/a L-selenomethionine project of Sichuan D-innovation and 10.10 t/a L-ornithine-L-aspartate project of Sichuan Renan.
EPPEN Biotech’s 2018 net profit declines
Published on 15
th
May, 2019
In early May 2019, EPPEN Biotech published its 2018 full-year financial report, showing opposite changes in its sales and net profit. Its net profit decreased due to rising corn and additive prices, as well as falling amino acid prices triggered by the outbreak of ASF. The gross profit margins of its MSG and compound fertiliser businesses increased on the previous year.
LHG faces delisting risk warning out of consecutive deficit
Published on 14
th
May, 2019
In late April 2019, LHG published its 2018 and Q1 2019 financial reports. Its consecutive profit losses have brought it a delisting risk warning and are not likely to be reversed this year.
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