Amino Acids China Monthly Report

Welcome to the Nov. issue of Amino Acids China E-News.

Company dynamics

Huaheng Biotech released its Q3 report of 2024, in which revenue rose YoY and net profit declined YoY. Meanwhile, Huaheng Biotech's 500 t/a amino acid series products refining and compounding project independent acceptance publicity.

Project developments

• Acceptance announcement of the project of Wilmar High Polymer Material 19,000 t/a amino acid epitaxial series products (Phase I)
• Acceptance announcement of Shouguang Golden Corn 200,000 t/a lysine project
• EI report announcement for Ningxia Boan's 3,000 t/a creatine monohydrate production capacity project
• Changyi Hongming added 8,165t/a 35% sodium sarcosine solution capacity
• EI report announcement of Ningxia Unisplendour DL-Methionine 10,000 t/a new process pilot R&D project

Governmental Direction

In late Oct., China Biofermentation Industry Association (CBIA) released the drafts of industry standards Amino Acids, Amino Acid Salts and Their Analogues Part 16: L-Citrulline and Amino Acids, Amino Acid Salts and Their Analogues Part 29: Guanidinium Butylamine Sulphate for comments.

Price: In Nov., the average price of lysine market increased due to the decline of corn raw materials and market supply and demand factors, while the average price of downstream hog market decreased.

Import and Export.

In Oct., due to market supply and demand and seasonal fluctuations, methionine export volume rose MoM and YoY, while import volume fell MoM and YoY.

Reminders.

1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1135, which was sourced from the People's Bank of China on 1 Nov., 2024. All the prices mentioned in this newsletter will include the price of methionine. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
2. The JPY/CNY exchange rate in this newsletter is JPY100=CNY4.6800, which was sourced from the People's Bank of China on 1 Nov., 2024.
3. In this newsletter, the variance rates (MoM, QoQ, YoY, etc.) of all figures that involve RMB/USD conversion (prices, sales values, costs, etc.) are calculated with pre-conversion RMB prices/USD prices. calculated with pre-conversion RMB prices/USD prices. calculated with pre-conversion RMB prices/values, except for the figures in Import and Export column. calculated with pre-conversion RMB prices/values, except for the figures in Import and Export.