Author Archive: nkmarketresearch

Market share on trans-Pacific routes in November 2024

BORN OF THE NEW OVERLORD! CMA CGM SURPASSES MAERSK!

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According to the latest Alphaliner research report, CMA CGM, Maersk and COSCO were in the lead on the trans-Pacific route in November, with the three liner companies deploying very close capacity.

 

Specifically, in November, CMA CGM’s market share on trans-Pacific routes reached 13.2 percent, surpassing Maersk’s 13.1 percent to become the largest liner company on trans-Pacific routes.  Cosco Shipping Group ranked third with a 12.9% market share.

Market share on trans-Pacific routes in November 2024

 

In November, the total number of container ships deployed on the Far East-North America trans-Pacific route was 562 with a total capacity of nearly 5.4 million TEU, representing a 4.2% year-on-year increase compared to November 2023.

 

Based on this, the capacity deployed on trans-Pacific route trade represents 17% of the global fleet.  At the same time, due to the Red Sea crisis, which caused containers to sail around the Cape of Good Hope, the Asia-Europe route took up more capacity, accounting for 22 per cent of the global fleet.

 

Meanwhile, CMA CGM’s capacity on trans-Pacific routes rose 1 per cent, Maersk’s fell 4 per cent and COSCO’s rose 8 per cent.

Maersk

The fastest growth on the Far East-North America trans-Pacific route was recorded by Wanhai Shipping, which saw a 39.3% increase in capacity compared to November 2023 and a 3.1% market share thanks to the deployment of a series of 13,450TEU newbuilds.  It was followed by Zim (Zim) with a 24.1% YoY increase.

 

At the same time, strong demand, especially at ports in the West, has attracted three new companies – Hopede, SeaLead and T.S. INES – which, despite having only a 1% market share on the trans-Pacific route, have lost ground as Trump’s tariff 2.0 and the ILA-USMX impasse take hold.  2025 is expected to repeat the good outlook of 2024.

MSC

Alphaliner points out that in November, MSC, currently the world’s largest liner, lost 20 per cent of its capacity on trans-Pacific routes, putting it in sixth place.  However, this is only temporary for now.

 

With the conclusion of Maersk’s 2M alliance collaboration with MSC in February 2025, MSC will redeploy its Far East-America routes, and MSC’s capacity on transoceanic routes is expected to grow significantly.

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corn starch projects

Overview of Jingliang Longjiang’s corn deep-processing expansion project

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Overview of Jingliang Longjiang’s corn deep-processing expansion project

  • Nature: reconstruction and expansion
  • Location: within Jingliang Longjiang’s plant, Qinggang County, Suihua City, Heilongjiang Province
  • Total investment: USD 6 million (RMB68 million), of which USD 63,291 (RMB450,000) is for environmental protection
  • Construction contents:
    • Lactic acid production workshop: production of L-potassium lactate, L-sodium lactate, etc., using spare storage tanks and reaction vessels.
    • Starch production workshop: Add 4 dehydrators and 1 vacuum stock transfer equipment, and the rest of the equipment uses the reserved capacity to further improve the deep processing capacity of corn, from 1 million t/a to 1.3 million t/a, and improve the starch production capacity of 208,500 t/a.
  • Labor quota: No new employee. From the existing 326 staffs
  • Working system: three shifts, 24h per day, 300 days per year
  • Construction period: 3 months
  • Product plan
Product Current capacity, t/a This project’s capacity, t/a Capacity of the whole plant after operation, t/a Note
Lactic acid workshop
Material grade lactic acid 30,000 / 30,000  
Food grade lactic acid 10,000 / 10,000 Partly used to potassium lactate, sodium lactate, etc.
Purified lactic acid 10,000 / 10,000  
Potassium lactate / 1,200 1,200 Alternate production according to order.
Sodium lactate / 2,000 2,000
Mixture of sodium lactate and lactic acid / 2,000 2,000
Corn starch workshop
Edible corn starch 695,000 208,500 903,500  
Corn gluten meal 72,000 21,000 93,000  
Sprayed corn bran 80,000 21,000 101,000  
Crude protein 30,000 9,000 39,000  
Corn oil 25,000 7,500 32,500  
Corn germ 63,000 18,000 81,000  

 

You can get more information on China’s corn deep-processing industry by checking out NK Corn Deep-Processing China News or email us at contact@nkmarketresearch.com.

price analysis of corn products in China

Corn Deep-processing China News November 2024

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Welcome to the November 2024 edition of Corn Deep-Processing China News. In this issue, we provide comprehensive coverage of the latest developments in China’s corn deep-processing sector. This includes key project updates, expansions, renovation and technological advancements from major companies such as CJ, Golden Corn, Lihua Starch and COFCO, among others.

The newsletter highlights significant environmental impact assessments and project progress in the industry, showcasing the growing importance of sustainability and innovation in corn deep-processing. Additionally, readers will find valuable insights into production capacities, investment trends, and technological transformations shaping the future of this dynamic market.

Corn deep-processing China news cover page

 

COMPANY AND MARKET DYNAMICS

DAQING HESHAN’S FURFURAL PROJECT

HENAN FEITIAN’S CRYSTALLIZED FRUCTOSE EXPANSION PROJECT

TWO PROJECTS IN QINGGANG COUNTY, SUIHUA CITY

A FURFURAL PROJECT IN HANDAN CITY

GOLDEN CORN COMPLETED LYSINE SULPHATE PROJECT

SHANGJIANG BIOLOGICAL’S AMINO ACIDS PROJECT

CJ SHENYANG COMPLETED ARGININE PROJECT

JINHE INDUSTRIAL PROPOSES ALLULOSE PROJECT

BAOTOU EAST HOPE’S TRYPTOPHAN PROJECT

LIHUA STARCH’S BIO-FERMENTED EQUIPMENT UPGRADING PROJECT

UPDATE ON SHANDONG YUMI’S 1.5 MILLION T/A CORN DEEP PROCESSING PROJECT

BRIEF NEWS

COFCO GONGZHULING’S STARCH PLANT RENOVATION PROJECT

HUAKANG PHARMA PLANS TO ACQUIRE YUSWEET

BENGBU XINGHE’S STRAW BIOFIBER PROJECT

SHANDONG JINTIAN’S MALTITOL UPGRADING PROJECT

MEIHUA GROUP INTENDS TO ACQUIRE KYOWA HAKKO

PRICE DATA

EX-WORK PRICES OF KEY CORN PRODUCTS

IMPORT AND EXPORT

EXPORT OF CORN PRODUCTS

CORN IMPORT

Want to know more about the Corn deep-processing China News? Email contact@nkmarketresearch.com for more information.

Fuyang Bio-tech Completed Modified Starch Expansion Project

COFCO Gongzhuling’s Starch Plant Renovation Project

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On 19 Nov., the local authority accepted and publicized the environmental impact (EI) report of COFCO Biochemical Energy (Gongzhuling) Co., Ltd. (COFCO Gongzhuling)’s starch plant renovation project.

Project overview

  • Construction nature: technical renovation
  • Location: Henan Street, Gongzhuling City, Jilin Province
  • Total investment: USD5.4 million (RMB38.3429 million), of which USD0.17 million (RMB1.2 million) is for environmental protection
  • Construction content: The product plan and product quality standards of the starch workshop will remain unchanged before and after the technical renovation.
  • Labour force: no new additions; relying on current 125 staffs.
  • Working system: 330 working days per year
  • Construction period: 5 months.
  • Technical indicators after technical renovation
Retrofit Process Fresh steam savings  Electricity savings Water content %
t/ton starch t/a kwh/ton starch kwh/year Before technical renovation After technical renovation Changes
Evaporation process 0.16 65,600 6.56 2,689,600 – – –
By-product dehydration process  Fiber – – 3.69 1,512,900 58.50% 56.50% -2%
Germ 0.02 8,200 – – 55% 54% -1%
Protein drying process – – 1.95 799,500 – – –
Total 0.18 73,800 12.2 5,002,000 – – –

 

Currently, COFCO Gongzhuling processes 600,000 t/a of corn to produce the following products: 31,500 t/a of protein powder, 410,000 t/a of starch, 97,200 t/a of spray dried corn bran, 200,000 t/a of HFCS, 50,000 t/a of maltodextrin, 63,000 t/a beer syrup, 38,400 t/a of corn crude oil, 94,400 t/a of corn germ meal, 8,000 t/a of hydroxypropyl distarch phosphate and 2,000 t/a of acetylated distarch adipate.

You can get more information on China’s corn deep-processing industry by checking out NK Corn Deep-Processing China News or email us at contact@nkmarketresearch.com.

Dragon Phoenix Completed Starch Sugar Deep Processing Project

Jinhe Industrial Proposes Allulose Project

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On 7 Nov., the environmental impact (EI) report of Anhui Jinhe Industrial Co., Ltd. (Jinhe Industrial)’s “10,000 t/a of health industry project” was publicized again.

On 1 July, the EI report (draft) was made public for the first time.

Project overview

  • Construction nature: expansion
  • Location: Jinhe Industrial’s plant, Lai’an County, Chuzhou City, Anhui Province
  • Total investment: USD19.2 million (RMB136.75 million)
  • Production process:
    • allulose is produced from 10,008 t/a of outsourced 77% F HFCS by fructose conversion and simulated moving-bed method.
    • sclareol, mogrosides, naringin, and other products are produced from glucose and inorganic salts by microbial fermentation, concentration, and drying.
  • Labor quota: 70 employees
  • Working system: 300 working days per year
  • Completion anticipated: H1 2025
  • Product plan of this project
Production line Product Capacity, t/a Annual operating hours
Production line of allulose (continuous production) Allulose 90% 9,800 7,200
No. 1 Fermentation line (batch production) Nootkatone 98% 5 540
Sandalwood oil 98% 5 350
Mogrosides 20% 5 400
Sclareol 95% 5 525
Bisabolol 95% 50 2570
Valencene 80% 5 540
Trans-farnesol 98.5% 10 1340
No. 2 Fermentation line (batch production) Naringin 9% 15 1100
Neohesperidin 95% 100 5,500

Check out NK Sweetener China News or email us at contact@nkmarketresearch.com for more.

FIC-health-Guangzhou-2024

NK Market Research attended Natural Extracts & Health Ingredients Exhibition (FIC-Health 2024 Guangzhou China)

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NK Market Research attends Natural Extracts & Health Ingredients Exhibition (FIC-Health 2024) & the 23th National Food Additives and Ingredients Exhibition to connect with the Chineses manufacturers.

FIC-health Guangzhou China 2024 exhibitors list

1.   FIC-Health2024 Information

Time: November 21-23, 2024

Address: Hall 9.1, Hall 10.1, Hall 11.1, China Import and Export Fair Complex Area B

(Canton Fair Complex Area B) No.382 Yuejiangzhong Road, Guangzhou

FIC-health-Guangzhou-2024

 2.   Exhibits

A. Food Additives: Acidity regulator, Anti-caking agent, deforming agent, Antioxidant, Bleaching agent, Bulking agent, Chewing gum base, Coating agent, Color, Color fixative, Compound food additives, Emulsifier, Enzyme, Edible flavor and fragrance, Flavor enhancer, Flour treatment agent, Humectant, Nutrition enhancer, Preservative, Stabilizer and coagulator, Sweetener, Thickener, , Fragrances, Flavors, food additive compound and 23 main categories.

B. Food Ingredients: Starch, Modified starch, Starch sugar, Sugar alcohols, Oligos, Grease for food industry, Flour for special purpose, Yeast product, Vegetable protein, Dehydrated/frozen dried fruit and meat, Frozen/chilled food, Fillings, Condiment, Spice, Diary product, Animal and plant extract, Beverage concentrate, Curing agent, Soy product, Protein polypeptide, Dried fruits and nuts, Instant tea, Functional food additives, Cocoa product, Edible fiber, Egg product, Honey product, Bean, Roasted seed and nut，Probiotics, snack food, and 35 other main categories.

FIC-health-Guangzhou-2024

C. Food Processing Aids: Releasing agent, Anti-sticking agent, Anti-foaming agent, Dispersant, Clarifying agent, Flocculating agent, Chelating agent, Filter aid, Decoloring agent, Adsorbent, Nutrient substance for fermentation, Catalytic agent, Crystallizing agent, Solvent.

D. Food Processing Aids Equipment, Machinery and Technologies, Food packing material and related books.

E.Health Food, geriatric food, Moslem food, Kosher food

F. Producing and application technologies in Food Ingredients and Additives, health food.

G.Bakery products: Mooncake and mooncake production, pastry and pastry production, confectionery and confectionery production, cake decorations, ice cream

Cream and ice cream production, snacks and snacks production, coffee and coffee machine, baking process and research and development technology.

FIC-health-Guangzhou-2024

H.Baking raw materials and baking equipment: baking raw materials, baking additives, preservative, baking fillings, cake decorations, Baking production equipment, baking tool mold, oven and other baking related equipment, baking related laboratory and testing equipment, exhibition Cabinets, storage and refrigerated cabinets, hotel and catering equipment.

I. Food raw and auxiliary materials for hotel use.

 

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import and export situation

Iron Ore Shipments Decline Amid Weakening Demand: Insights into Coal and Grain Markets

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Iron Ore Shipments Decline as Demand Weakens

As of November 8, 2024, the Baltic Dry Index (BDI) rose to 1,495 points, marking an 85-point increase (up 6.03%) since October 26. The Capesize Index (BCI) surged by 460 points, or 24.78%, while the Panamax Index (BPI) dropped 25 points, down 2.08%.

Iron Ore Market Trends

Global iron ore shipments for November 4–10 declined by 1.343 million tons to 30.207 million tons. However, foreign ore arrivals increased, with total iron ore arrivals at China’s 47 major ports rising by 1.384 million tons to 24.903 million tons. Despite a slight drop in port inventory, levels remain elevated.

On the demand side, steel mill profitability has been on a downward trend for three consecutive weeks, falling 1.3% to 59.74%. The blast furnace operating rate edged down by 0.15% to 82.29%, while daily iron production decreased by 14,100 tons to 2.3406 million tons. This reflects continued declines in iron production amid weakening demand. As the peak season ends, demand is marginally weakening, further pressured by low steel mill profitability. The current expansion cycle appears to be tapering off.

Overall, iron ore fundamentals are showing marginal weakness, with market sentiment cooling. Trading activity is expected to increasingly align with underlying fundamentals.

Coal Market

Global coal production hit a record high in 2023, driven by increased output in China, India, and Indonesia. Over 30 new coal mines began operations last year, with 25 in China and 4 in India.

China remains the dominant supplier, accounting for approximately 55% of global coal production. India achieved record coal output growth for the second consecutive year, nearing Indonesia’s production levels to become the world’s second-largest coal producer. India also plans to double coal production by 2030.

Despite higher domestic production, China continued to increase its coal imports, while Indonesia and Mongolia expanded their coal exports to meet global demand.

Grain Market

The global grain futures market experienced volatility due to a stronger U.S. dollar, improved weather, and policy shifts.

  • Wheat futures posted their largest decline since June, pressured by a strong dollar and favorable weather in key growing regions boosting output.
  • Corn futures remained flat amid demand concerns.
  • International tender demand lent some support to prices, but the dollar’s strength continued to erode the global competitiveness of U.S. agricultural commodities.

These dynamics reflect a challenging environment for grain markets, as currency and weather factors heavily influence global pricing.

Main source: Shipbid.net 

Contact us to get an import and export sample report of your target commodity now.

Imported Vietnam fresh coconut

Custom Announcement on Phytosanitary Requirements for Imported Vietnamese Fresh Coconuts

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Source: China Custom

According to the relevant laws and regulations of China and the General Administration of Customs of the People’s Republic of China and the Ministry of Agriculture and Rural Development of the Socialist Republic of Vietnam on the phytosanitary requirements for the export of fresh coconuts from Vietnam to China, with immediate effect, the import of fresh coconuts from Vietnam in line with the following relevant requirements is allowed.
I. Inspection and quarantine basis
(A) “Law of the People’s Republic of China on Biosecurity”;
(B) “People’s Republic of China Entry and Exit Animal and Plant Quarantine Law” and its implementing regulations;
(C) “Food Safety Law of the People’s Republic of China” and its implementing regulations;
(D) “imported fruit inspection and quarantine supervision and management measures”;
(E) “General Administration of Customs of the People’s Republic of China and the Socialist Republic of Vietnam Ministry of Agriculture and Rural Development on Vietnam’s fresh coconut phytosanitary requirements for China.
Second, the name of goods allowed to enter the country
Fresh coconut (including green coconut and peeled coconut with fruit stalk ≤ 5cm, hereinafter referred to as coconut), scientific name Cocos nucifera, English name Coconut.
III. Permitted places of origin
Coconut producing areas in Vietnam.

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Fuyang Bio-tech Completed Modified Starch Expansion Project

Zhucheng Xingmao’s Corn Deep Processing Technology Transformation Project

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On 8 Oct., the local Ecological Environment Bureau accepted the environmental impact report of Zhucheng Xingmao Corn Developing Co., Ltd. (Zhucheng Xingmao)’s corn deep processing technology transformation project.

Project overview

  • Nature: Technical upgrading
  • Location: ZhuchengXingmao’s Starch Factory, Xinxing Town, Zhucheng City, Weifang City, Shandong Province
  • Total Investment: 3 million (RMB320 million), of which USD2.8 million (RMB20 million) is invested in environmental protection
  • Construction content:
    • 200 sets of original equipment such as separators, cyclones, and pin mills with relatively low automation levels were eliminated.
    • More than 180 sets of equipment such as embryo mills, evaporators, separators, clarifiers, automatic packaging and palletizing systems, automatic control systems, and environmental protection treatment facilities were newly built.

The technical level has been significantly improved.

  • Product plan:

600,000 t/a corn starch, 1,600,000 t/a starch slurry (unchanged)

  • Main raw materials:

1,593,900 t/a corn (unchanged)

  • Labor quota: No new employee, adjustment from the existing 580 people
  • Work system: 330 days per year
  • Construction period: 12 months
  • Product plan before and after the technical transformation
No. Product Capacity，t/a Note
Before After
1 Edible corn starch 600,000 600,000 Product
2 Starch slurry 1,599,018 1,608,826 Product
3 Corn gluten powder 79,695 79,706 By-product
4 Corn germ cake 99,176 99,358 By-product
5 Corn oil 37,023 37,023 By-product
6 Sprayed corn husk 182,413 182,473 By-product

 

You can get more information on China’s corn deep-processing industry by checking out NK Corn Deep-Processing China News or email us at contact@nkmarketresearch.com.

Yulin Heli Completed Stevia Project

Yulin Heli Completed Stevia Project

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Yulin Heli Biotechnology Co., Ltd. (Yulin Heli) completed “Stevia rebaudiana Bertoni cultivation & extraction project”, as per the monitoring report on inspection and acceptance publicized on 11 Oct.

Project overview

  • Construction nature: new construction
  • Location: Yujia Industrial Park, Jia County, Yulin City, Shaanxi Province
  • Total investment: USD37 million (RMB261.511 million), of which USD0.65 million (RMB4.588 million) for environmental protection
  • Production capacity: 300 t/a of crude stevia
  • Key raw material: 3,000 t/a of dried stevia leaves
  • Labor quota: 52 employees
  • Progress:
    • Approval of EI report: Jan. 2021
    • Completion of construction: 16 Apr., 2024
    • Commissioning: 10 Jun., 2024-2 Aug., 2024
    • On-site environmental monitoring: 17–18, Jun., 31 Jul.–1 Aug., 2024

For more information on China’s corn deep-processing industry, check out NK Sweetener China News or email us at contact@nkmarketresearch.com.