Amino Acids China E-News 1511 (12 issues per year)

Date: 2015-12

“In Oct., Caixin PMI (Purchasing Managers Index) was 48.3, an obvious growth from 47.2 in Sept. (Caixin PMI focuses on small and medium-sized enterprises). All indexes of Caixin PMI increased. Amongst, new export order index grew by 6.1 percentage points from 46.0, exceeding 50-entrepreneurs confidence threshold, indicating that Chinese export market rebounds.

According to the data from National Bureau of Statistics, PMI retained 49.8 in Oct., equal to the level of Sept. Specifically, medium-sized enterprise PMI was 48.7, an increase of 0.2 over Sept; small-sized enterprise PMI was 46.6, a fall of 0.2 over Sept. Indexes signified that small- and medium-sized enterprises face huge challenges, especially financing difficulties. In amino acid market, small- and medium-sized feed factory and farms are easily to lack financial credit.

In Nov., the sales of amino acids are turning around, with the traditional peak season of farming industry in autumn. Lysine ester and salt and cystine exports performed well in Q3. To seek export opportunity and develop minor amino acid are the major directions for domestic amino acid manufacturers.

The USD/RMB exchange rate in this report is USD1.00=RMB6.3154 on 2 November, 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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