Reportlinker.com has launched a new report titled “Biomaterials China News 1207”. According to this report, the Chinese biomaterials market is closely tied to global economic conditions.
The global economy is shrinking and this is indicated by the dip in Purchasing Managers Index (PMI) of Germany and United States. The PMI of China has also been below 50 in the last 7 months. The ongoing Euro debt crisis and the resulting weakening of global economy indicate that economic stimuli are needed to bolster growth. The Chinese biomaterials market is dependent on Europe and the United States.
The prices of biomaterials products as well as those of raw materials in China have fallen. According to China’s Twelfth Five-year Plan, the country will prioritize the development of the biomaterials industry. A host of related developments aligning to this policy are highlighted in the report. Some of them are adoption of bamboo fiber as the new material for Chinese textile industry; commencement of trial production at Shanxi Hongyuan 1,000 t/a capacity new bio-PA11 production line and Wuhan Huali’s possible entry into the trash bag market with bio-degradable and compostable trash bags.
The Chinese export and import values of raw material PLA were estimated to be 63.985 tonnes and 610.259 tonnes in May 2012. The import and export value of castor oil and derivatives for May 2012 was 31,285 tonnes and 1.6 tonnes, respectively. Dry cassava import volume in May 2012 was pegged at 764,525.
Source: http://www.reportlinker.com