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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 

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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.

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.

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.