LONDON, May 15, 2017 /PRNewswire/ -- The Sweeteners Industry Chain will be the main topic of this from raw materials to end consumption. It includes breaking news from China and abroad, the latest market data (price, import & export, production, consumption, operating rates, etc.), in-depth analysis of market trends, Chinese government policy, performance of Chinese producers, M&A, new technology, and expert commentary from industry insiders.
Here is the Editor's Note for you to know about the Feb. issue specifically:
- Last year, 2016, saw frequent rises in sugar price in China. However, some sugar makers, restricted by the unsatisfactory sales in H1 and the high sugar making costs, recorded falls in full-year net profit. For instance, Guangxi Guitang and Nanning Sugar respectively showed a fall of 66.92-77.92% and 53.00-82.00%.
- The price of starch sugar, a substitute for sugar decreased throughout the year 2016, due to the falling price of corn: the ex-works price of F55 HFCS declined from USD416.72/t in Jan. to USD348.04/t in Dec.
- In addition, the exports of sorbitol and mannitol increased, thanks to the increased export rebate.
- This year, 2017, has seen falls in sugar price, mainly because of the launch of new sugar and the sales of sugar reserves.
- The 2 key factors for the price changes this year are sugar imports and reserved sugar.
- The price of starch sugar will stay low, mainly because of the still sluggish corn price. However, since the profit of starch sugar is small, the price will not fall greatly.
- On 5 Feb., 2017, the central No. 1 document was released, of which the "high stock" problem of the corn business was stressed again.
- In Feb. 2017, the CFSA released the standards for the use expansion of steviol glycosides.
- China's sugar price increased continually in 2015/16, but showed a small fall in Jan. 2017 (2016/17), mainly impacted by sugarcane extracting activities and the auctioning off of sugar reserves.
- The globally top 4 sugar producing countries have varied performance in 2016/17 extracting season: ups in Brazil and China, and downs in India and Thailand
- On 24 Jan., 2017, Huacheng Bio noted to acquire Jiangxi Haifu by cash, a move intended to solve its problem of supply shortage. Previously, the company acquired Guangxi Daiyuan, for the supply of Luo Han Guo.
- On 24 Jan., 2017, Guangxi Guitang made a prediction about its full-year 2016 financial performance: net profit to fall greatly but to be positive thanks to the government funding.
- On 24 Jan., 2017, Guilin Layn announced to transfer its sum which came from its BT project and had yet to be received, into government debt. This is a guarantee for the later payment.
- China's HFCS price continued going down in Jan. 2017, mainly because of the decreased price of raw material and the flat demand.
- Last year, 2016, saw a large increase in China's exports of sorbitol, mainly thanks to the corn destocking, the raised export rebate and the increased foreign demand.
- Provided that the environmental policies will still play a part in Hebei where downstream production is centered, the downstream production will be restricted and the demand for sorbitol will decline, which consequently will force the sorbitol manufacturers to expand their overseas business. In 2017, the exports will continue rising.
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