Welcome to the August issue of Sweeteners China News published by CCM International, a professional consulting company which has been extensively and intently focusing on dynamics of China's sweetener industry.
Domestic corn price's growth rate has begun to slow down since Dec. 2011, but it was still at a high level in H1 2012, which exert a negative influence on corn starch's profit. For instance, three Chinese leading corn starch producers, namely Xiwang Sugar, Global Sweeteners and China Starch have suffered poor corn starch business in H1 2012 compared with that of H1 2011 owing to the high price of corn and weak demand for corn starch.
Additionally, in recent years, more and more domestic sweeteners are exported to overseas market and some even enjoy good export development mainly due to the strong demand from overseas market. For example, domestic cyclamate's export volume witnessed an uptrend and its export price remained stable in H1 2012. Besides, the export volume of sucralose also increased in the first five months of 2012 and its price increased slightly compared with that of H2 2011.
Moreover, some sweetener projects have been finished in July 2012. Shandong Huayi has put its crystalline glucose production lines with total capacity of 3,800,000t/a into production in Shandong Province. And Anhui Jinhe has formally put its new expansion project of acesulfame-K with capacity of 5,000t/a into production.
To be noticed, all the prices mentioned in the Sweeteners China News are quotation inc. VAT unless with otherwise specifications.
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