Sweeteners China News

Welcome to the January issue of Sweeteners China News published by CCM, a professional consulting company which has been extensively and intensively focusing on the dynamics of China's sweetener industry.

The poor formance of China's sucrose continues despite some favourable factors like the decrease in raw material cost. Domestic sucrose price declined for the whole year 2013, while it is worth mentioning that unlike other starch sugars like HFCS, China's maltodextrin suffered little from the decline in sucrose price in 2013, mostly because it was seldom used as an alternative of sucrose.

Unlike the depression of sucrose, there are some good news about several functional sugars metioned in this issue. The bright prospect of China’s dairy industry can benefit  China’s FOS and GOS more in future. By contrast, China's sugar alcohol producers may meet more opportunities in overseas markets than in the doemstic one. The export of China's sorbitol saw an uptrend in July-Nov. 2013, and it seems that China's sugar alcohol producers may pay more attention to overseas markets, such as Shandong Bailong.

Some export-oriented products had also saw strong overseas demand in 2013, such as tripotassium glycyrrhizinate and sucralose. In addition, there are something worth mentioning. For example, the increasing sucralose export share of JK Sucralose and Changzhou Niutang implied that the competition among other domestic sucralose producers would be more intense in future.

To be noticed, the RMB/USD exchange rate is 6.10 in this issue (source: The People's Bank of China), and all the prices mentioned in this newsletter include the VAT unless otherwise specified. If there are any specific topics you would like us to cover or any subjects you would like us to investigate in more details, please contact us by +86-20-3761 6606, or econtact@cnchemicals.com.