Zhitong Financial APP learned that Fufeng Group (00546) continued to rise in the afternoon, rising nearly 11%, the highest since August 19. Share prices have risen nearly 60 per cent since march 16. The agency expects the future price of amino acids to rise slightly. The valuation center of the relevant manufacturers is expected to rise. Fufeng Group is a well-known manufacturer of amino acids in China. As of press time, Fufeng Group rose 10.92% to HK $3.86, with a turnover of HK $86 million.

According to Everbright Securities, as of the week of April 10, the market price of amino acids fluctuated steadily and slightly. The market price of lysine rose steadily and slightly, 70% of the market price of lysine continued to rise, and 98% of the market price of lysine was on the strong side. At present, freight rates are rising, and the transaction price of amino acids is expected to rise slightly. Huaxi Securities said that in the long run, the monosodium glutamate and amino acid industry is limited by new capacity in the context of carbon neutralization, and the valuation center is expected to rise.

Fufeng Group (00546) is the world's largest producer of monosodium glutamate and xanthan gum. Last year, the company realized a profit attributable to shareholders of 1.281 billion yuan, an annual increase of 1.03 times. The overall gross profit increased by 38.7% year-on-year to about 3.905 billion yuan, mainly due to the increase in gross margin of animal nutrition and high-grade amino acids.