Plum Group: MSG price increases and amino acid release to promote future performance growth

company MSG prices are expected to enter the upward channel, leading to stable performance growth4xs
China's total market demand for MSG is about 1.55 million tons, the export volume is close to 300,000 tons, production and sales of about 2 million tons, basically in the balance of supply and demandWith the industry leading enterprises mainly contribute to the main business convergence, producers game will be different from the past, industrial concentration and capacity elimination policy overlay, the future industry average ex-factory price into the rising channel probability is very largeAt present, the average factory price is about 7500 yuan, still higher than the Price in JuneAssuming that the average price next year is higher than the 2013 average price of 800 yuan / ton, according to the 25% tax rate, the EPS contribution of about 0.1 yuan / shareThe steady growth of demand for animal and poultry feed has led to the accelerated development of the company's amino acid business4xs
China is the world's largest feed producer, in the national economy, per capita income and population growth, and urbanization and other factors, the demand for livestock and poultry products will continue to maintain rigid growth, China's feed industry has ushered in a historic opportunity, which will drive the amino acid industry business climate riseIn 2015, China's market demand for susine will reach 130,000 tons, while exports will continue to grow, the company's production scale and comprehensive market share is the second largest in the world; In addition, China's annual nucleotide production of about 10,000 tons, can not meet market demand, the company's market competitiveness is strong, China's annual production of proline is about 700 tons, and domestic demand of more than 1,500 tons, the company has advantages, sales and isothyl anineine business can be used to use mature pharmaceutical-grade amino acid sales network4xscompany MSG prices are expected to enter the upward channel, leading to stable performance growth4xs
China's total market demand for MSG is about 1.55 million tons, the export volume is close to 300,000 tons, production and sales of about 2 million tons, basically in the balance of supply and demand With the industry leading enterprises mainly contribute to the main business convergence, producers game will be different from the past, industrial concentration and capacity elimination policy overlay, the future industry average ex-factory price into the rising channel probability is very large At present, the average factory price is about 7500 yuan, still higher than the Price in June Assuming that the average price next year is higher than the 2013 average price of 800 yuan / ton, according to the 25% tax rate, the EPS contribution of about 0.1 yuan / share The steady growth of demand for animal and poultry feed has led to the accelerated development of the company's amino acid business 4xs
　　China is the world's largest feed producer, in the national economy, per capita income and population growth, and urbanization and other factors, the demand for livestock and poultry products will continue to maintain rigid growth, China's feed industry has ushered in a historic opportunity, which will drive the amino acid industry business climate rise In 2015, China's market demand for susine will reach 130,000 tons, while exports will continue to grow, the company's production scale and comprehensive market share is the second largest in the world; In addition, China's annual nucleotide production of about 10,000 tons, can not meet market demand, the company's market competitiveness is strong, China's annual production of proline is about 700 tons, and domestic demand of more than 1,500 tons, the company has advantages, sales and isothyl anineine business can be used to use mature pharmaceutical-grade amino acid sales network 4xs
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