Market Flash

The port of Shanghai has been congested since early March. However, since the 28th, the whole city of Shanghai will conduct large-scale screening in batches, and it is expected that the congestion of the world's busiest container port will increase.

• port congestion
• shipping news

　Among the substandard food products, one batch of shrimp mayonnaise was found to be contaminated with heavy metals, as: cadmium (in Cd) was detected in shrimp mayonnaise sold by Jinan Huaiyin Beyond Fishery Shop.

• food health
• human health
• Safety

The National Food Safety Standard for Pastry and Bread (GB 7099-2015) stipulates that the total number of bacteria in five samples of the same batch of pastry must not exceed 105 CFU/g, and a maximum of two samples are allowed to exceed 104 CFU/g.

• food health
• Food Additives

The National Standard for Food Safety Food Additive Use Standard (GB 2760-2014) stipulates that the maximum residue limit value of aluminium in fried pasta products and bean products (dry samples, in Al) is 100mg/kg.

• personal care
• online food sale

The detection of diazepam in freshwater fish may be due to its illegal use in order to reduce the perception of fresh live fish to the outside world and to ensure that it remains fresh after transportation.

• food health
• food safety standard

On the evening of March 23, Annada released a performance preview saying that it expects to make a profit of RMB48.875 million - RMB64.1485 million in the first quarter of 2022, an increase of 60% - 110% over the same period of the previous year.

• Libang
• Lithium Ion Battery

The company has an annual production capacity of 1.8 million tons of bottle-grade chips, which is among the largest in the world.

• coca cola market
• Raw Materials

On March 30, East Material Technology disclosed its 2021 annual results report, saying that in 2021, the company achieved operating revenue of RMB 3.234 billion, up 71.92% year-on-year.

• Science
• coating technology

On March 29, 2022, the rescue operation of the "3-21" China Eastern Airlines Mu5735 aircraft flight accident entered its ninth day, and rescuers are still at the scene of the search work.

• GoodPlanet
• news report

Ren Yong revealed that the programme under development will set out the overall requirements, main objectives, action initiatives and safeguard measures for the control of new pollutants in China during the 14th Five-Year Plan period.

• environmental packaging
• Environmental

Niu Defa has been growing mustard for 20 years and now has 500 mu of mustard land, considered one of the major local growers.

• food safety standard
• food health
• pickles

More than 30 pickled vegetable enterprises in Huarong County also stopped work and production for rectification.

• food health
• Food Additives
• Sausages

Container freight rates have fallen for 10 consecutive weeks, but the industry remains bullish on this year's market, with rates expected to pick up again from next month.

• shipment
• Freight rate
• inflation

Importantly, the effect is long-lasting, peaking after one year and lasting up to 18 months.

• china shipping
• tianjin shipping index

Recent domestic BDO market raw materials and finished products transport sluggish continued, the downstream demand is sluggish, the industry picking and selling mentality are empty, just a small single trading centre of weak downward.

• BDO
• BDO price

In 2021, there will be a large number of new PBAT production capacities, most of which will be put into production in 2022; the domestic market is changing drastically and the competition pressure on the enterprises in production has increased.

• PBAT
• PBAT prospect
• chemical raw material

As the first province in China to ban plastic through local legislation, Hainan has entered the era of plastic ban since December 1, 2020.

• Plastics
• Plastic Ban

Recently, the Center for Medical Device Evaluation (CMDE) of the State Drug Administration announced the results of the special review application for innovative medical devices

• CAR-T
• medical device

On 26 December 2021, a mechanical completion ceremony was held for the first phase of the PBAT project with an annual production capacity of 100,000 tonnes.

• market trends
• production capacity

This series of products is the result of the "Bio-based PLA, PHBV material development and application" project, which Weiqiao has developed in collaboration with upstream and downstream enterprises.

• bio based
• Plastics
• plant extract