LONDON, July 6, 2016 /PRNewswire/ -- In June 2016, affected by the rising market price of soybean, domestic market price of soybean meal continues the upward trend, which is more favorable for the lysine market. In H2 2016, Zhejiang NHU and Ningxia Unisplendour plan to put their new plants into production. Intensified market competition dueto global overcapcity, combined with slack season in pork and poultry market, may continue pulling down China's market price of methionine.
The Environmental Protection Tax Law will likely be released in 2016, replacing the current system of pollution discharge fees. Amino acid producers may be confronted with higher environmental protection costs and be forced to upgrade and transform their businesses.
On 31 May, 2016, Chongqing Lummy announced its withdrawal of registration application for glutamine capsule, which had been approved by the CFDA. Glutamine is an amino acid drug used for the treatment of gastric and duodenal ulcers.
On 3 June, 2016, Jincheng Pharmaceutical announced that its glutathione healthcare product "Yimeitai" has been under administrative review. If the company succeeds in obtaining Drug Production Certificate for this product, it will be the first step for domestic leading glutathione API producers to develop glutathione terminal market and complete supply chain.
On 21 June, 2016, Meihua Bio's MSG and threonine were awarded a title of "2015 Competitive Product of Light Industry".
Meantime, the company is vigorously developing its amino acid business.
Owing to manufacturers' control on output, domestic market price of tryptophan rebounds slightly from May to early June, but still hit record lows. The market price is expected to remain low in H2 2016, due to its overcapacity, low prices of raw materials and its substitutes as well as a slack demand in feed industry.
In June 2016, Chinese lysine producers continue raising their quotations, because market supply is said to be tight. Also, the rises in market prices of corn starch and soybean meal are favorable for the lysine market. However, in the coming period, the falling demand from downstream pig farming industry may depress this upward trend. Additionally, after the crazy surge in March, China's export of lysine went down in April, but experienced increase in export to Europe. In June 2016, China's market price of threonine continues rising, as most producers tend to quote high. Analysts at CCM think this rise may be small and predict a large increase may not occur until Sept.
From Jan. to April 2016, China's import volume of methionine went up slightly. Notably, import from CJ Group increased while that from Sumitomo and Novus slid. In the coming period, given more new plants to be put into production and low market price of methionine in China, domestic methionine will be more competitive against the imported ones.In June 2016, affected by the rising market price of soybean, domestic market price of soybean meal continues the upward trend, with a MoM rise of 7%.
Affected by the upward soybean meal market price, that of some amino acids goes up.
This month, Chinese lysine producers continue raising their quotations, because market supply is said to be tight. Also, the rises in market prices of corn starch and soybean meal are favorable for the lysine market.
China's market price of threonine continues rising, as most producers tend to quote high.
Owing to manufacturers' control on output, domestic market price of tryptophan rebounds slightly from May to early June, but still hit record lows.
Some amino acid enterprises change their business strategy in June. Chongqing Lummy announced its withdrawal of registration application for glutamine capsule. Domestic leading glutathione producer Jincheng Pharmaceutical announced that its glutathione healthcare product "Yimeitai" is highly likely to obtain Drug Production Certificate this year. Meihua Bio is vigorously developing its amino acid business.
From Jan. to April 2016, China's import volume of methionine went up slightly. Notably, import from CJ Group increased while that from Sumitomo and Novus slid. In the coming period, given more new plants to be put into production and low market price of methionine in China, domestic methionine will be more competitive against the imported ones.
The Environmental Protection Tax Law will likely be released in 2016, replacing the current system of pollution discharge fees. Amino acid producers may be confronted with higher environmental protection costs and be forced to upgrade and transform their businesses.
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