Welcome to the September issue of Sweeteners China News published by CCM, a professional consulting company which has been extensively and intently focusing on dynamics of China's sweetener industry.
In August 2012, domestic sucrose price continued to decrease slightly, about USD947/t, which benefited FOS' profit. For instance, QHT's net profit enjoyed a rise in H1 2012 partly driven by the slight decrease in sucrose price. On the contrary, domestic corn price did not come down but continued to rise, exerting pressure on the profitability of those companies whose main products are made from corn. For example, Xiwang Sugar suffered profit decline in the first half of 2012 affected by the increasing cost of corn. And in order to ease the cost pressure, the company purchased corn in advance.
Although the global economic environment was volatile with the European debt crisis spreading, many Chinese HIS still enjoyed good performance abroad in H1 2012, such as saccharin, sucralose and acesulfame-K, mainly owing to their low export prices. For example, the export volume of Chinese saccharin saw an increase of about 18% in H1 2012 compared with the same period of 2011.
Moreover, most stevia sweetener producers have cut down the prices of their products since last year in order to get more market share. In Aug. 2012, GLG revealed that it had also reduced the price of its stevia sweetener in 2012 to promote its products and finally increase its market share.
To be noticed, all the prices mentioned in Sweeteners China News are quotation inc. VAT unless with otherwise specifications.
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