In Aug. 2014, CCM gave special attention to the application expansion of bio-based materials, including the rarely covered engineering plastics, graphene and color powder. This indicated that Chinese bio-based materials enterprises vigorously extended the downstream industries, seeking for ways to make breakthroughs.
In this issue, CCM made analysis on the notable problems existing in China’s bio-based materials industry, in comparison with overseas market. For instance, the bio-based industry, academia and research were disjointed, which impelled the government to invest and facilitate the commercialization and industrialization of technological research and development breakthroughs. Besides, in terms of the large investment made by the Netherlands, the US and the EU, CCM figured out that the whole industry has developed very slowly. Part of the high technologies was monopolized by minor leading enterprises. The giant players depended on advanced technologies to grasp the pricing rights in bio-based materials and gain tremendous profits. This also drew back the development. Comparatively, many Chinese enterprises were forced to purchase patented technologies or extend downstream applications to survive.
In addition, due to the irregular price increases of corn domestically, the price of starch, important raw material for bio-based materials, was also driven up. CCM specifically followed the price changes of starch closely. Focusing on cassava starch and corn starch, CCM took policy, substitutes and demand into account and predicted the import and price changes of the two raw materials in the near future.
In this issue, the RMB/USD and RMB/EUR exchange rates are USD1.00=RMB6.1681 and EUR1.00=RMB8.2588 respectively on 1 Aug., 2014, sourced from the People's Bank of China.
If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20- 3761 6606, or econtact@cnchemicals.com.
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