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price analysis of corn products in China

Corn Deep-processing China News October 2024

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The October 2024 issue of Corn Deep-Processing China News highlights the latest developments in China’s corn deep-processing industry, focusing on project expansions, environmental impact assessments, and technological advancements from major companies.

Key updates include:

  1. Heilongjiang Nuopu’s Amino Acid Expansion Project – Improvements in production efficiency with new feed-grade amino acid lines.
  2. Yuxing Bio-Engineering’s Completed Projects – Completion of a major corn processing facility and related production lines for sodium gluconate, erythritol, and corn starch.
  3. Shanxian Longyu’s Furfuryl Alcohol Project – A new plant targeting furfural alcohol production with a novel hydrogenation technique.
  4. Longjiang Fufeng’s Lysine Expansion – Enhancements to lysine production using optimized fermentation technologies.
  5. Other Notable Projects – Investments in bio-based materials, succinic acid, lauric acid, and crystalline sorbitol projects across China, emphasizing sustainability and innovation.

Additionally, the report includes October pricing data for key corn products and details on corn imports, underscoring market dynamics and cost changes.

 

Corn deep-processing China news cover page

 

Content of October Corn Deep-processing China News

COMPANY AND MARKET DYNAMICS

HEILONGJIANG NUOPU’S AMINO ACID EXPANSION PROJECT

YUXING BIO-ENGINEERING COMPLETED THREE PROJECTS

SHANXIAN LONGYU’S FURFURYL ALCOHOL PROJECT

LONGJIANG FUFENG’S 120,000 T/A LYSINE PROJECT

YONGKAI BIO’S 50,000 T/A BIO-BASED SUCCINIC ACID PROJECT

HUAFENG RUIXUN’S BIOPTMEG PROJECT

HENAN JULONG’S L-TRYPTOPHAN TECHNICAL TRANSFORMATION PROJECT

HINGGAN YUANLI’S BIO-BASED SUCCINIC ACID AND L-MALIC ACID PROJECT

ZHONGKE CHEMICAL’S FURFURAL PROJECT

CHIFENG HUAHENG’S SUCCINIC ACID PROJECT COMPLETED

CHUZHOU HUARUI’S AMINO ACIDS AND DERIVATIVES PROJECT

BRIEF NEWS

SHANDONG JINGHONG’S HIGH-PERFORMANCE BIOLOGICAL PRODUCTS FLEXIBLE PRODUCTION PROJECT

ZHUCHENG XINGMAO’S CORN DEEP PROCESSING TECHNOLOGY TRANSFORMATION PROJECT

ZHONGZHENG BIOCHEMICAL’S LAURIC ACID PROJECT PHASED COMPLETED

SHANDONG RUNXIAO’S CRYSTALLINE SORBITOL PROJECT

HAOTIAN PHARMA’S GLUCURONOLACTONE PROJECT

PRICE DATA

EX-WORK PRICES OF KEY CORN PRODUCTS

IMPORT AND EXPORT

EXPORT OF CORN PRODUCTS

CORN IMPORT

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

Haotian Pharm Completed Gluconolactone and Inositol Project

Hinggan Yuanli’s Bio-based Succinic Acid and L-malic Acid Project

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On 12 Sept., the draft environmental impact report for Hinggan League Yuanli Biotechnology Co., Ltd. (Hinggan Yuanli)’s bio-based new materials project (Phase I) was published on an environmental platform.

 

Project Overview

  • Nature: New construction
  • Location: Economic and Technological Development Zone, Hinggan League, Inner Mongolia Autonomous Region
  • Total Investment: USD0.17 billion (RMB 1.2 billion), of which USD3.1 million (RMB22.08 million) is for environmental protection.
  • Construction content:

Construction of starch sugar production unit, succinic acid production unit, L-malic acid production unit, and supporting facilities.

  • Starting material: 150,000 t/a corn
  • Labor quota and working system: 305 people working in three-8-hour shifts for 8,000 hours per year.
  • Expected commissioning time: H2 2026

 

 

  • Product plan
Name Type Capacity, t/a Remarks
Main products Succinic acid 50,000 /
L-Malic acid 30,000 /
 

 

By-products

 

 

 

 Starch sugar 107,000 Water content 13% , as raw material
Corn syrup 7,200 Water content 58%, As raw material
Corn germ 10,500 Water content 7%
Maize fibre 15,000 Water content 8%
Feed protein 8,250 Water content 5.5%
Fungus protein 4,000 /

Hinggan Yuanli, established in Jan. 2024 with a registered capital of USD14 million (RMB100 million), is a wholly-owned subsidiary of Yuanli Chemical Group Co., Ltd.

 

 

 

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.

Shandong Aobo’s food-grade amino acids project

Shandong Aobo’s food-grade amino acids project

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On August 27, the local authority accepted the environmental impact (EI) report form for Shandong Aobo Bio-Tech Co., Ltd. (Shandong Aobo)’s 5,000 t/a food-grade amino acids project.

Project overview

  • Type of project: New construction
  • Location: Shandong Aobo Plant, Gaotang Economic Development Zone, China
  • Total investment: USD2 million (RMB15 million)
  • Construction contents: to build an amino acid production line, to produce 5,000 t/a of food-grade amino acids using crude amino acids as raw material.
  • Labor quota: 12 people, 300 working days per year.

Shandong Aobo currently has several projects under construction, which includes 5,000 t/a allulose, 5,000 t/a D-glucosamine hydrochloride, 500 t/a amino acids, 300 t/a inositol, 1,000 t/a mannitol, 1,000 t/a oligo-xylo-saccharides, 1,000 t/a astaxanthin, and so on.

You can get more updates about amino acid project and 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.

import and export analysis report by NK Market Research

Export of China corn products in July

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Export of corn products

Product Jul 2024 YoY change Jan-Jul 2024 YoY change
Volume, tonne Value, USD Volume Value Volume, tonne Value, USD Volume Value
2-Furaldehyde (furfuraldehyde) 812 1,063,979 -43.1% -41.8% 6,359 7,225,168 -15.8% -23.7%
Sorbitol 18,867 13,398,719 -10.3% -22.3% 143,596 105,751,494 5.3% -10.0%
Mannitol 2,032 5,863,569 -0.4% -7.2% 15,769 46,661,287 29.8% 22.6%
Glutamic acid 5,922 6,500,500 -7.9% -23.0% 46,103 52,216,151 -18.0% -29.2%
Sodium glutamate 68,924 67,565,486 8.7% -3.4% 530,396 544,575,960 21.4% 4.5%
Other fructose&fructose syrup, fructose wt.＞50% 28,990 13,181,400 13.3% 3.3% 197,494 91,084,958 17.4% 9.1%
Inositols 1,089 7,790,031 48.9% -42.7% 7,018 51,839,504 63.0% -37.5%
Furfuryl alcohol & tetrahydrofurfuryl alcohol 4,704 4,763,038 -16.5% -23.5% 37,699 40,535,706 -16.5% -33.9%
Lysine 4,594 4,708,555 289766.0% 11899.4% 8,295 9,124,369 11782.4% 1054.6%
Lysine esters & salts 85,496 110,505,620 -5.8% 9.1% 633,017 779,011,267 19.2% 30.3%
Xylose 1,040 2,289,183 22.6% 6.2% 6,600 15,041,138 16.5% -3.3%
Xylitol 4,557 12,723,426 -7.3% -15.8% 37,848 105,879,144 2.5% -7.5%
Citric acid 91,498 61,105,612 -1.9% -18.3% 690,627 474,114,924 1.7% -22.1%
Salts & esters of citric acid 26,588 22,967,513 12.1% -2.2% 182,076 163,524,139 14.6% -4.3%
Gluconic acid, its salts & esters 21,827 14,161,188 -9.1% -8.4% 153,670 99,431,926 11.8% 4.1%
Glucose&glucose syrup, fructose wt.＜20% 118,692 61,897,581 27.8% 18.0% 829,234 442,182,140 44.8% 31.4%
Glucose&glucose syrup, 20%≤fructose wt.＜50% 3,083 1,602,130 80.3% 84.9% 26,068 13,046,216 38.9% 47.7%
Lactic acid, its salts & esters 9,456 11,590,645 25.6% 4.9% 64,414 82,882,042 25.6% 5.2%
Vitamin C & its derivatives, unmixed 13,758 44,510,449 -4.5% 9.2% 106,913 328,660,521 2.9% -1.8%
Gourmet powder 1,330 1,562,850 12.3% 2.8% 11,726 13,953,571 10.7% -9.3%

Source: China Custom & NK Market Research

If you would like to know more about China Corn deep-processing industry, check out NK China Corn Deep- processing Monthly Newsletter and get one month report for reference. For more import and export analysis, email contact@nkmarketresearch.com now.

Fuyang Bio-tech Completed Modified Starch Expansion Project

Chengdu COFCO’s 150,000 t/a starch-based sugar expansion project

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Currently, COFCO Biochemical (Chengdu) Co., Ltd. (Chengdu COFCO) is able to produce 100,000 t/a of F55 HFCS (high fructose corn syrup), 20,000 t/a of maltose and 36,000 t/a flavored syrup. I

In order to increase its market share in northwest China and satisfy high-end product market demand, Chengdu COFCO plans to construct 150,000 t/a starch-based sugar expansion project, and on 24 Sept., the local environmental protection department accepted the environmental impact report of this project.

 

Project overview:

Nature: expansion

Location: Xinjin District, Chengdu City, Sichuan Province

Total investment: RMB250 million, of which RMB11.48 million for environmental protection

Construction plan: establish a HFCS production line Expand the special sugar workshop and add a new flavor syrup production filling line. Etc.

Product plan: 150,000 t/a HFCS, 2,000 t/a flavored syrup will be added. After completion, the product scale of the plant is 250,000 t/a HFCS, 20,000 t/a maltose, 38,000 t/a flavored syrup.

Key raw material: corn starch

Labor quta: 25 new people (current 150 people)

Construction period: 15 months

 

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

Shandong Aobo’s food-grade amino acids project

Henan Julong’s L-tryptophan technical transformation project

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On 30 Sept., the local environment protection bureau accepted and publicized the environmental impact report of Henan Julong Biological Engineering co., Ltd. (Henan Julong)’s L-tryptophan production line technical transformation project.

Project overview Nature: Reconstruction

Address: Henan Julong’s plant, Ruzhou City, Henan Province

Total investment: RMB2.4 million

 

Construction contents: Technical transformation was carried out on the basis of the existing 2000 t/a of L-tryptophan production line, the strain of the production line was replaced, and three new products of L-valine, L-shikimic acid and clostridium butyricum were produced by fermentation process, and storage tanks, mixing tanks, freezers, evaporative condensers, centrifuges, dryers, baking boxes and supporting facilities were added.

 

Product plan: After the completion of the project, the production scale changed from 2,000 t/a L-tryptophan to 135 t/a L-tryptophan, 1,233 t/a L-valine, 150 t/a L-shikimic acid, 474 t/a clostridium butyrate

 

Main raw material: 15,335 t/a liquid glucose (self-produced)

 

Henan Julong has completed several projects, and it takes corn as starting material to produce starch slurry and then 200 t/a L-histidine, 372 t/a L-theanine, 102 t/a D-ribose, 582 t/a adenosine, 753 t/a adenine, 1,250 t/a cytosine, 2,700 t/a L-tryptophan, 4,000 t/a cell protein, 400 t/a L-hydroxyproline, 100 t/a cyclic adenosine, 997 t/a L-alanine, 4,032 t/a n-acetylglucosamine, 960 t/a gamma-aminobutyric acid, 1,037 t/a adenosine, 2,880 t/a vitamin B2.

You can get more updates about amino acid project and 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.

Freight rates are soaring! Chinese goods dominate the global market

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The demand of e-commerce has emerged as the principal impetus for the growth of the global air freight market. Two-thirds of the air cargo volume in China originates from e-commerce operations.

Against this backdrop, cargo aircraft operators are also seizing the opportunity of the surging demand to drive up the freight rates.

A freight forwarder in Shanghai stated, “We are currently in the annual peak period of air freight. This week, the freight rates to Europe and the United States have exceeded the peak of last year.

This is not surprising. The main driving force comes from e-commerce, and it is anticipated that e-commerce goods will constitute two-thirds of the overall air cargo volume.

According to data from WorldACD, the air freight rates for the global all-market rose by 2% to $2.84 per kilogram as of December 1, setting a new high for the year. Spot freight rates rose by 3%, with a 4% increase in the Asia-Pacific region and a 3% increase in North America. As the Thanksgiving holiday in the United States came to an end, capacity began to stabilize.

STRONG GROWTH IN ASIAN MARKETS AND A SHARP RISE IN FREIGHT RATES

WorldACD also noted that weekly air freight rates in specific Asian markets such as China, Hong Kong, Taiwan, Japan, South Korea, and Vietnam have seen significant increases. Specifically:

 

Japan: $4.97 per kilogram, up 6% from the previous week

South Korea: $5.49 per kilogram, up 6% from the previous week

Vietnam: $4.88 per kilogram, up 3% from the previous week

China: $5.10 per kilogram, up 7% from the previous week

Hong Kong: $6.25 per kilogram, up 9% from the previous week

Taiwan: $4.07 per kilogram, up 5% from the previous week

 

All of these markets are experiencing higher air freight rates compared to the same period last year, with particularly high year-on-year increases in Japan and Vietnam, with increases of over 30%, and Taiwan with an increase of 46%.

Despite the current high demand in the market, industry insiders believe that demand may ease in the short term. “We expect there may be a brief drop in freight rates during the Christmas period, but with the Chinese New Year (January 28) approaching, demand will surge again.”

However, he also noted that freighter operators were taking advantage of future capacity tightness – such as port strikes on the East Coast and Bay Area, the imposition of new tariffs and wholesale scheduling changes by carriers – to increase contracted rates.

 

“Some major operators have significantly increased their annual BSA prices in Europe by more than $1.40 per kg, which is significantly higher than 2024 rates. As far as I can remember, it’s been a record high for the last many years.”

 

“The imposition of U.S. tariffs on Chinese imports in early 2025 is expected to prompt companies to rush shipments before the tariffs take effect, triggering a demand surge in the first quarter of 2025,” CargoFacts Consulting said.”This wave of demand will put additional pressure on logistics networks and tight air capacity will push rates even higher.”

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Jilin OGO Completed Starch-based Sugar Expansion Project

Huainan Runloy’s polydextrose put into commercial production

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Runloy Biotechnology (Huainan) Co., Ltd.’s 100,000 t/a polydextrose project was planned to be constructed over two phases (Phase I: 30,000 t/a polydextrose; Phase II: 70,000 t/a polydextrose and 5,000 t/a dietary fiber solid drink). On 2 August, the monitoring report on the inspection and acceptance of the completed environmental protection facilities of stage one of Huainan Runloy’s 100,000 t/a polydextrose project (Phase I) was publicized.

Overview of stage one

Construction nature: New construction

Location: Maoji Social Development Comprehensive Experimental Area, Huainan City, Anhui Province

Total investment: RMB68 million, of which RMB2.84 million for environmental protection

Product plan: 15,000 t/a polydextrose is prepared from 30,000 t/a of glucose monohydrate and about 3,300 t/a sorbitol using about 333 t/a citric acid as the catalyst.

Labour quota: 40 employees

Working system: Three 8h shifts per 24h workday, totalling 7,200 working hours or 300 working days a year

Progress:

Commencement of construction: July 2023

Completion of construction: May 2024

On-site environmental monitoring: 23~24 May 2024, 14~15 June 2024

Huainan Runloy is 100% owned by Runloy Biotechnology (Shanghai) Co., Ltd. Besides, Huainan Runloy’s brother company, Runloy Biotechnology (Anhui) Co., Ltd., located in Fenghuangshan Economic Development, Xiangshan District, Huaibei City, is currently producing 15,000 t/a polydextrose.

 

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

Norchem Biotech's Inositol and Liquid Sugar Project

Hebei Qianyang’s 30,000 t/a amino acid project

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On August 2, the Shijiazhuang Hi-tech Industrial Development Zone planned to approve the environmental impact assessment (EIA) document of Hebei Qianyang Biotechnology Co., Ltd. (Hebei Qianyang)’s 30,000 t/a amino acid project (first phase project).

Project overview

  • Type of project: New Construction
  • Location: Circular Chemical Industry Park, Shijiazhuang High-tech Zone, Hebei Province
  • Total investment: USD27.9 million (RMB201.76 million), of which environmental protection investment is USD4.3 million (RMB30.75 million)
  • Construction contents:

Construction of production workshops, quality inspection complex building, comprehensive warehouse, auxiliary rooms, environmental protection treatment area, tank area, guard room, firefighting pool and other auxiliary facilities.

  • Product Scheme:
    • L-aspartic acid 10,000 t/a;
    • fumaric acid 10,000 t/a;
    • L-alanine 5,000 t/a;
    • serine 1,000 t/a;
    • cystine 1,000 t/a;
    • proline 1,000 t/a;
    • β-alanine 1,000 t/a;
    • By-products:
      • ammonium sulfate 6,000 t/a;
      • liquid fertilizer 9,000 t/a;
      • protein feed 3,880 t/a;
      • ammonia (20%) 3,000 t/a.
    • Labor quota: 66 people
    • Working system: four shifts and three operations, 300 working days per year
    • Construction period: 12 months

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

corn starch projects

Two modified corn starch projects in Zouping city

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On July 24, the local authority of Zouping City accepted and publicized the environmental impact assessment (EIA) documents for Shandong Hongsheng Starch Technology Co., Ltd. (Shandong Hongsheng)’s 50,000 t/a pre-gelatinized starch products & equipment optimization and upgrading technical transformation project.

Project overview

  • Type of project: Technical Innovation
  • Location: Shandong Hongsheng’s plant, Zouping City, Binzhou City, Shandong Province
  • Total investment: USD1.7 million (RMB12 million), of which USD0.17 million (RMB1.2 million) is environmental protection investment
  • Construction contents:
    • optimize and upgrade the production process and equipment of the existing projects;
    • transform the warehouse into a liquid pre-gelatinized starch production workshop;
    • add 37 sets of equipment such as stirring and dispersing tanks, double-screw circulating heating tanks, and biomass steam generators.
  • Product Scheme: After the transformation, the product will be optimized from the original 30,000 t/a liquid pregelatinized starch and 20,000 t/a solid pre-gelatinized starch to 45,000 t/a liquid pre-gelatinized starch and 5,000 t/a solid pregelatinized starch.
  • Main raw materials:
    • Corn starch (solid) reduced from 15,000 t/a to 8,000 t/a;
    • Corn starch (35%) reduced from 5,000 t/a to 3,000 t/a;
    • Tapioca starch (solid) reduced from 11,282 t/a to 9,651 t/a;
    • Hydroxypropyl cellulose 1,500 t/a (No change), etc.
  • Labor quota and working system: 10 persons. Three shifts, 300 days of work per year.
  • Construction period: 3 months

 

On August 1, the local authority accepted and publicized the environmental impact assessment (EIA) documents for Shandong Qidali Industrial Technology Co., Ltd.’s 5,000 t/a of gelatinized starch project.

Project overview

  • Type of project: New Construction
  • Location: Gaotang County, Liaocheng City, Shandong Province
  • Total investment: USD0.7 million (RMB5 million)
  • Construction contents:

Lease the existing idle plant, mainly purchase 4 sets of feeders, 2 sets of mixers, 2 sets of gelatinization silos, 2 sets of gelatinization machines, 2 sets of air conveyors, 2 sets of cooling silos, 2 sets of dust collectors, 2 sets of packaging silos and other equipment.

  • Product Scheme: 5,000 t/a gelatinized starch
  • Main raw materials: 5,000 t/a corn starch
  • Labor quota and working system: 5 persons. One shift system, working 300 days per year.
  • Construction period: 4 months

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