Sweeteners China News(Sweeteners China News 202211)

Welcome to the November issue of Sweeteners China News 202211

Policy:

• Yunnan 2022/23 Crushing Season Work Conference: review & outlook
• the draft National Standard for Food Safety-Food Additives-Polydextrose and the draft Industry Standard for Resistant Dextrin were released.

Market analysis: 

• Layn strengthens efforts in synthetic biology applications in natural sweeteners
• Huakang Pharma said was considering switching some of its erythritol production capacity. It also clarified the focus on its technology, products, and development applications, as well as the industry barriers.  
• BLB: fund-raising plan approved by CSRC; Q3 net profit slumps
• Anhui Jinhe reports fire breakout

Project updates:

• Zhoukou Yihai Kerry launches corn deep-processing project
• EI report of Weifang Shengtai's functional starch-based sugar production was accepted and publicised.
• EI report of Huanfa Biotechnology's 50,000 t/a erythritol project was accepted and publicised.
• EI report of Chuzhou Ruifen's 15,000 t/a erythritol project was accepted and publicised.
• EI report of Mengzhou Jinyumi's 200,000 t/a starch-based sugar production line expansion project was approved.
• EI report of Shandong Runhan's 5,000 t/a glucosamine project was accepted and publicised.
• EI report of Nanle Shengjiu's retrofitting and expansion project with an output of 40,000 t/a of xylose was publicised.

Price update: 

In Nov., sucralose prices were stabilised by major producers at USD45,782/t (RMB330,000/t), with some companies lowering their prices to USD43,007/t (RMB310,000/t). In terms of supply and demand, sucralose prices have reached the bottom.

Import & Export analysis:

In Oct., Mannitol & xylitol exports drop

In this monthly report, the USD/CNY exchange rate is USD1.00=CNY7.2081 (Source: The People's Bank of China, 1 Nov., 2022). Unless otherwise stated, all prices involved in this report include VAT.