玉米产品中国新闻(玉米产品中国新闻202210)

In Oct., China's corn starch market rebounded. Higher production costs and demand pushed up the ex-works price of corn starch.

Policy

• On 13 Oct., the draft Industry Standard for N-Acetylneuraminic Acid was released with the aim of soliciting public opinion.
• On 18 Oct., the draft Association Standard for Special Maize Oil was issued for public comment.

Market Analysis

• Given the rapid increases in live hog prices, six listed hog enterprises have proposed to expand hog production capacity to seize market share.
• On 27 Sept., the introduction and environmental impact assessment (EIA) information of Zhaodong COFCO Bio-Energy's alcohol industrial chain upgrading project were disclosed for public participation. On 28 Sept., the completion and acceptance inspection report of completed environmental protection facilities of Xinxiang Xianfeng's 50,000 t/a alcohol & 50,000 t/a DDGS project was publicised.

Company Dynamics

• On 19 Oct., Bangji Technology was officially listed on the Main Board Market of the SSE. 
• BBCA Group is actively expanding its business presence in the bio-based material industry across China by increasing its production capacities of lactic acid and PLA.
• Jindan Technology's revenue and net profit in Q3 declined. Besides its application for issuing convertible corporate bonds to non-specific parties was accepted by the SZSE.
• Fufeng Group's revenue, net profit and gross profit grew substantially in H1 2022. 

Import and Export

China's export volumes and export prices of MSG in Jan.–Aug. 2022 rose over the same period of a year earlier.

The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.0992 on 10 Oct. 2022, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.