Published
on the 20th 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:
Both the ex-works prices of
glyphosate technical and formulations decreased in Nov. 2013, compared with the
previous month, with that of glyphosate technical down by 11.56% and that of
glyphosate formulations down by 1.86% MoM. However, the export volume of
glyphosate technical largely increased by 44.10%.
The glyphosate industry is
expected to remain prosperous in 2014, and glyphosate will continue to have a
dominant role in China's herbicides market. However, the glyphosate industry
will face four important challenges in 2014, namely the increasing costs, the
stringent environmental protection inspection, industrial integration and RMB
appreciation.
Generally speaking, there is no
much change in the average ex-works prices of glyphosate products during Dec.
2013 and Jan. 2014. Compared with Dec. 2013, the ex-works price of glyphosate
technical increased by 4.17%, while that of glyphosate formulations did not
change.
As of the end of 2013, the
Ministry of Environmental Protection of the People's Republic of China has
failed to release the first list of that glyphosate and PMIDA manufacturers
that have successfully passed the requirements of the environmental protection
inspection. However, the threat of failing these requirements has compelled
many mainstream glyphosate manufacturers to enhance their environmental
protection abilities.
In 2013, China achieved 94 new
registrations of glyphosate products. This includes 48 single formulations of
solid glyphosate ammonium salt, accounting for 51% of the total new
registrations in 2013.
Nantong Jiangshan's stock
performed best in 2013 overall, but Zhejiang Wynca's stock NAVPS was the
highest.
There were top eight features
of Chinese glyphosate industry in 2013. These include the stringent inspection
and monitoring against the glyphosate industry, the glyphosate prices hitting
new peaks, the significant increase in the glyphosate output and export volume,
etc.
China's glyphosate industry was
strictly monitored for environmental pollution in 2013. The glyphosate market
was prosperous in 2013 overall, and basically every glyphosate manufacturer in
China profited in 2013.
According to a report in the
Zhejiang Daily on 10 Dec., 2013, a few workers from Fanbu Chemical Factory——a
subsidiary of Zhejiang Jinfanda Bio-Chemical Co., Ltd., one worker from Jiande
Chemical No. 2 Factory——a branch of Zhejiang Wynca Chemical Industry Group Co.,
Ltd. and a number of people from these companies which have a cooperation relationship
about hazardous waste treatment with Fanbu Chemical Factory and Jiande Chemical
No. 2 Factory have been arrested for polluting the environment by the Zhejiang
Provincial Public Security Department.
Nufarm
achieved a great operating performance in the 2013 fiscal year (1 Aug., 2012–31
July, 2013). Its total revenue was USD2.03 billion (AUD2.28 billion) in the
2013 fiscal year, up by 4% YoY. This was mainly attributed to the stable
revenue increase in the crop protection business, which had an average gross
margin of 26% in the 2013 fiscal year. Glyphosate played an important role for
Nufarm's great performance in the 2013 fiscal year.
About CCM
As a leading market research
consulting company in China with more than 10-year-experience, CCM offers
Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information,
Import/Export Analysis all through its new proprietary product ValoTracer. For
more information, please visit http://www.cnchemicals.com.
Contact
Tel: 86-20-37616606
Fax: 86-20-37616968
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