The west port area of Yantian port, which has been suspended for more than a month since May 21, was unsealed and began operations by boat yesterday. The main port area of Yantian Port is expected to be fully restored from tomorrow, June 24, and the berthing of ships will gradually be normalized! At that time, the density of Yantian International Container Terminal may decrease further and the efficiency will rise steadily.
Chinese Dragon Boat Festival is coming, please kindly check our schedule is June 12-14 on holiday, and back in the office on June 15th (Tuesday).
In a flash, 15 years have passed. From a trading company, Foodchem has grown into a group with integrated development of technology, industry and trade. This is the gift of time, but also the magic of the team.
Happy Children’s Day
The traditional season of shipping is coming, but congestion at the ports of the USA has not eased, and now the Port of Oakland is overtaking LA/Long Beach as the center of congestion.
According to Egyptian media recently, the head of Suez Canal authority, Oussama Rabieh, said that negotiations on financial compensation were underway with the Japanese owner of “Ever Given”. Rabieh hoped that they could reach an out-of-court settlement on this issue.
After April 5th, the price of corns in the Shandong Area stops falling and starts to rise strongly. As of Friday, the purchasing price of corns for a citric acid manufacturer in Weifang rose to 2970 yuan per metric ton; compared to the same period last week 2840 yuan/MT, there is a rise of 130 yuan/MT. According to the production cost of citric acid, the cost has risen 221 yuan per ton, so the cost of raw materials has increased significantly. Based on this, will the citric acid rise as well? Foodchem made research on several manufacturers, and the result comes out as below.
In the rapidly changing market, many of our products finished the achievements and breakthroughs from 0 to 300 MT, from 300 MT to 1000 MT, even from 1000 MT to 10,000 MT. For example, Pectin, Agar agar, Ascorbic Acid, PSG, VWG, and Citric Acid, etc. Such a great accommplishment depends on the strong supports of our supplier partners.
Foodchem wishes global customers and suppliers a happy Labor Day.