Amino Acids China E-News 1507(12 issues per year)

Date: 2015-08

“According to data from the National Bureau of Statistics (NBS), the preliminary accounting GDP reached USD4.85 trillion (RMB29.69 trillion) in the first half of 2015, with a 7.0% year-on-year growth rate. Specifically,
Primary industry: up by 3.5% YoY
Secondary industry: up by 6.1 % YoY
Tertiary industry: up by 8.4% YoY
Data from NBS showed that China economy is recovering stably.
Amino acid market performed unsatisfactorily in China. Lysine manufacturers reduce production in summer, owning to sufficient stock and weak demand. The total export value of China’s lysine ester and salt declined in the first half of 2015, because the demand from downstream industries, especially feed industry, was weak.
In H2 2015, the policy support and enterprises’ asset reorganization will be favorable for the amino acid industry development.
The introduction of the new Advertising Law and the Standards for the Examination and Publication of Drug Advertisements (Exposure draft) will ensure the quality of amino acids.
Asset reorganization between Bluestar New Chemical and Bluestar Group and the new production lines of Fufeng Group to be put into production will guarantee the output of amino acids.
The USD/RMB exchange rate in this issue is USD1.00=RMB6.1149 on 1 July, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”

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