Fibers China Quarterly Report

Welcome to Fibers China Quarterly Newsletter Q3 2024

Market Analysis:

In H1 2024, Bailong Chuangyuan's revenue increased and plans to build functional sugar project; Baolingbao saw a decline in revenue but a rise in net profit; ChemPartner Pharma's revenue and net profit decreased.

Company Dynamics:

• Huainan Runloy's "polydextrose project" was completed, adding 15,000 t/a polydextrose capacity.
• Guangzhou Yingding's bamboo-based bio-new materials project passed the record review.
• Guangxi Jiancheng's environmental impact report of bagasse biorefinery project was publicised.
• Bailong Chuangyuan's dietary fiber technical transformation project is expected to add 14,500 t/a resistant dextrin and 5,500 t/a polydextrose capacity.
• The comments on the approval of environmental impact assessment report of Anhui Jinhe's bio-fermentation products technological upgrading project were publicized.
• Huakang disclosed an invention patent for a system and method for preparing resistant dextrin and polydextrose by using corn starch.
• The environmental impact report of Inner Mongolia Junchuang's "10,000 t/a xanthan gum project" was publicised.

Price:

In Q3 2024, as people's awareness of health and nutrition improves, the demand for health food increases, and the price of GOS and inulin rises.The price of FOS and polydextrose kept stable relatively.

In this quarterly report, all amounts in USD are converted using the USD/CNY exchange rate USD1.00=CNY7.0709 (Source: The People's Bank of China, 8 Oct., 2024). Unless otherwise stated, all prices involved in this report include VAT.