Amino Acids China E-News

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

Several projects were completed or are to be completed:

• Ningbo Haide completed environmental protection (EP) acceptance inspection on "integrated project for amino acid production lines", which delivers 3,500 t/a of capacities for amino acid products.
• EP facilities in Shouguang Golden Corn's lysine production line project were built.
• Changchun Dahe's production capacity for new product L-Valine was successfully put into operation.
• Construction of Lanzhou Jinli's 12,000 t/a sodium sarcosinate project is reaching its end.

News about several proposed projects was updated:

• Ningxia Livzon's "technical renovation project for using L-Phenylalanine production line to produce L-Tryptophan and L-Isoleucine";
• Zhenyuan Biotech's 2,400 t/a histidine (histidine hydrochloride) and 1,000 t/a tyrosine project;
• Heilongjiang Nuopu's capacity expansion and technical renovation project;
• Heilongjiang NHU's 4,000 t/a L-Cystine API project.

Governmental Direction:

• China's MIIT approved industry standards for L-Theanine, L-Phenylalanine, L-Proline and N-Acetylneuraminic acid.
• China's MARA approved to add Iron Amino Acid Complex, Copper Amino Acid Complex and Manganese Amino Acid Complex into the Catalogue of Feed Additives.

Price: On a month-on-month basis, solid methionine price in Jan. ticked up slightly, and liquid MHA-FA price in Jan. dipped a little. Two products remained stable in price.

Import and Export: In Nov. 2023, China's import volume of methionine slipped 68.58% MoM and sank 73.99% YoY; China's export volume of lysine ester and salt grew 1.79% MoM and climbed up 51.82% YoY.

Reminders:

1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.0770, which was sourced from the People's Bank of China on 2 Jan., 2024. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
2. 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/values, except for the figures in Import and Export column.