Find Hot News in Glyphsoate China Monthly Report 1303

Published on the 20^th every month, Glyphsoate China Monthly Report is a monthly publication released by CCM. It offers timely update and close follow up of China’s various kind of Glyphsoate market dynamics, analyze the market data and trends. Major columns include the latest information and in-depth analysis on market trends, supply and procurement opportunities in raw materials and intermediates, technology process, price updates, new policies and company dynamic, etc.

Following are headline news of the latest issue of Glyphsoate China Monthly Report:

Anhui Huaxing’s operating profit surges in 2012

Anhui Huaxing Chemical Industry Co., Ltd. announced a flash report about its operating performance in 2012, showing that its operating profit was about USD17.01 million (RMB106 million) in 2012, up by 218.39% over 2011.

Nantong Jiangshan's equity proportion of Dongchang Chemical decreases again

Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. released an announcement about the second "Capital and share increase" plan of its affiliated company—Nantong Dongchang Chemical Co., Ltd., showing that Dongchang Chemical had successfully introduced a new investor with an investment of about USD8.87 million, and Nantong Jiangshan was degraded from the second biggest shareholder of Dongchang Chemical to the third biggest shareholder after the deal, with its equity proportion down to 30.078% from 46.640%.

Nufarm loses its exclusive distribution right for Roundup branded glyphosate in Australia and New Zealand

Nufarm Limited released an announcement, claiming that its exclusive distribution right for Roundup branded glyphosate in Australia and New Zealand are to be terminated on 28 Aug., 2013, and Sinochem Group, a Chinese company, will take over the exclusive distribution right of Roundup branded glyphosate in Australia and New Zealand.

The global GM crop planting area reaches 170.3 million hectares in 2012

International Service for the Acquisition of Agribiotech Applications released its updated Global Status of Commercialized Biotech/GM Crops 2012 report, showing that global's planting area of GM crops set the new record of 170.3 million hectares in 2012, and Brazil maintaining the largest growth rate in planting area of GM crops globally in 2012.

China cancels PMIDA's export tax rebate

According to a record from the China's State Administration of Taxation updated on 20 Feb., 2013, PMIDA's 13% export tax rebate rate has been cancelled since 1 Jan., 2013, meaning that China's exported PMIDA will no longer enjoy the rebate, which will increase PMIDA's export cost and further reduce PMIDA's export volume.

The intense competition in China's mainstream glyphosate export producers continues in 2012

After the depressed glyphosate market since 2009, some glyphosate manufacturers withdrawn from market, which increased the industrial concentration of China's glyphosate to a great extent in 2012. In the meantime, export share competition between China's top seven glyphosate manufacturers didn't show the signs of easing, but instead it remain fierce in 2012.

Glyphosate industry research dynamics subsequent to the promulgation of the Decree No. 1558

The promulgation of No. 1558 Decree greatly affected the research dynamic of the glyphosate industry in China, and the number of both glyphosate companies which carry out the research about glyphosate wastewater treatment techniques and the researches about glyphosate wastewater treatment techniques being applied to patent rose.

Lier Chemical successfully registers glyphosate•triclopyr in Feb. 2013

There is only one glyphosate registration in China in Feb. 2013, namely mixed glyphosate formulation—glyphosate·triclopyr SP (registration No. LS20130040), which contains 50% of glyphosate and 10% of triclopyr.

Glyphosate prices rise slightly in March 2013

Glyphosate prices rise slightly in March 2013.

The export volume of glyphosate formulations increases by 30.72% in Jan. 2013

Export volume of glyphosate formulations increases by 30.72% in Jan. 2013. 

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