China’s biomaterials industry witnessed a good development in the first eight months of 2013. For example, Jilin Province plans to greatly develop PLA industry in 2013, and Guangzhou City makes some progress in garbage classification in 2013. Besides, The latest research results of Hubei University of Technology show that CO2 can perfectly act as the donor in the production of succinic acid by bacterial fermentation.
Some companies also showed an active development momentum in Aug. 2013. For example, Wuhan Huali's biological plastic base is expected to be completed at the end of Aug. 2013. DuPont and Hoi Hing Building jointly announced that their bio-based elastic staple fiber has been applied in the home textile industry for the first time.
As for the raw materials, China's BDO industry still faced an overcapacity in the first eight months of 2013, resulting in declining price and manufacturers' unsatisfactory performance. Besides, China's natural rubber price has increased continuously since June 2013, and the price rise may not continue all the time in H2 2013.
In July 2013, the import volume of PLA increased while the export volume decreased compared to June 2013. Besides, the import volume of dry cassava increased month on month as well. China's import volume of castor oil and its derivatives also increased while the import price decreased.
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