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.
List of first batch glyphosate manufacturers passing environmental protection inspection fails to release in 2013
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.
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.