Sweeteners China News 1601(12 issues per year)

Date: 2016-02

“Guangxi government released, at the end of Dec. 2015, the Proposal of Guangxi Zhuang Autonomous Region to Promote the Sugar Industry to Start 2nd Business Start-up, which aims to achieve the transformation and upgrading of the sugar industry.
In 2015, the inventories of both corn and corn starch hit historical highs in China. Under this, the production capacity of starch sugar was still expanded. It is expected that in 2016, downstream enterprises will increasingly substitute starch sugar for white sugar, beneficial to the industry development. However, the oversupply of raw materials will impact the progress.
Year 2015 has witnessed the gradual transformation from “”bear”” to “”bull”” in China’s sugar market. Whether this trend will continue or not is reliant on the control of imported sugar (raw sugar + refined sugar, 90%+ of raw sugar). It is expected that the reduced supply of raw sugar will force raw sugar processors to shut down their idle processing facilities and also ease their overcapacity to some extent. Moreover, the rebound of sugar price is also supposed to help increase the profits for raw sugar processors.
China’s stevia sweetener industry made great changes in 2015: enterprises began to differentiate themselves from others and downstream enterprises started to use stevia sweeteners. Overall, China’s stevia sweetener industry is developing rapidly. However, the majority of domestic producers still need to make more efforts in marketing themselves and products.
In Jan. 2016, Biohymn was officially listed on NEEQ. In a move to achieve the synergistic development of beet sugar making and raw sugar processing, in the future, the company will expand its product range, optimise the product structure and improve its capability to make profits and resist risks.
In Jan. 2016, Guangxi Guitang announced the cancellation of the acquisition plan for 2 assets of Yongkai Sugar & Paper. However, the company is trying other ways, such as the sugarcane supply expansion, to promote the sugar business development.
In Jan. 2016, Biolotus went listed on NEEQ, aiming to expand the financing channels to further support its production process improvement, market expansion and sales increase.
Since Aug. 2015, China’s ex-works price of maltose syrup has declined largely. This can be mainly attributed to the sharp decrease of corn price, and meanwhile to the slowdown growth in demand for candy. It is expected that in 201 6, the maltose syrup price will stay low.
In July-Nov. 2015, falls has appeared in both volume and price during China’s exports of cyclamate. This is probably because the demand from destinations was decreased. Even if the Chinese cyclamate enterprises down-regulated the prices for export promotion, the export volume stayed low.
The export volume of erythritol from China increased largely in 2014, because of the price competition amongst the domestic erythritol enterprises. In 2015, however, the growth was slowed down somehow.”


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