I.Chemical Futures Market–Real-Time Snapshot (Morning Session, June29)

Analysis: Methanol opened at RMB 2,418/t, approximately 0.8% below the previous settlement, with prices rallying then retreating during the session. The weakening methanol market helps reduce production costs for the methylamine series (monomethylamine / dimethylamine / trimethylamine) and MTBE. The overall chemical sector remains soft.

1. Policy & Regulatory Updates

 Ecological Environment Code – Only 47 Days Until Implementation (August 15)Provinces and municipalities are successively rolling out implementation细则 and enforcement plans. Small and mediumsized farms and feed mills are beginning to assess relocation or shutdown options.Impact on our company: Domestic demand for choline chloride and betaine from smaller customers may start contracting from August. The sales team is advised to proactively assess the impact on existing customers.

 US FDA Dietary Supplement CGMP New Rule – Only 21 Days Left for Comments (July 20)If exporting foodgrade products (creatine, betaine, choline chloride) to the US, comments must be submitted by July 20. This is a critical window that will shape the US regulatory framework for years to come. EU Unified Maximum Permitted Levels (MPLs) for Vitamins & MineralsPublic consultation to begin in Q3 (July–September). Maximum limits for cholinebased and betainebased products exported to the EU may be affected.

1. Feed Additives – Industry DynamicsCore Product Analysis

1. Food & Nutritional Supplements – Industry Dynamics

 Creatine – New Zealand Recall Continues to Unfold (since June 26)NZ Muscle has been ordered to recall creatine products due to a food safety investigation, with full coverage by mainstream New Zealand media. The investigation is ongoing and may trigger a global quality review escalation.Market Growth

Global creatine market CAGR 8.1% ($479M → $946M by 2032)

Applications expanding from sports nutrition to brain health + healthy ageing

Global betaine market $4.58B → $5.83B (CAGR 6.2%)

US choline market up 24% in April; Balchem implements global price increases

1. Cosmetic Ingredients – Industry Dynamics

Regulatory Updates

EU restrictions on 12 ingredients effective from April

US MoCRA enforcement continuing to strengthen

China fully implements complete safety assessment regime

Tighter regulations are eliminating noncompliant suppliers – benefiting compliant, wellestablished companies.

1. Upcoming Trade Shows (July–December) July – This Month!