On
24 June, 2013, Australia Customs and Border Protection Service (ACBPS) released
Notice No. 2013/51 (The Notice), showing the result of anti-dumping
investigation on formulated glyphosate products exported to Australia from
China resumed on 16 Nov., 2012, namely these three China's glyphosate companies
haven't dumped in Australia and ACBPS terminated this resumed anti-dumping
investigation, according to CCM’s latest newsletter, Glyphoste China
Monthly Report issued in July.
According
to The Notice, these three China's glyphosate companies, namely Jiangsu Good
Harvest-Weien Agrochemical Co., Ltd. (Jiangsu Good
Harvest-Weien), Shandong Weifang Rainbow Chemical Co., Ltd. (Shandong
Weifang Rainbow) and Zhejiang Wynca Chemical Industry Group Co.,
Ltd. (Zhejiang Wynca), are judged that they haven't dumped
formulated glyphosate products in Australia, so ACBPS decided to terminate the
resumed investigation in accordance with s.269TDA(1) of the Customs Act 1901.
Besides,
the total export volume of glyphosate formulations to Australia that have
dumped from all other Chinese exporters was negligible, so ACBPS decided to
terminate the resumed investigation in accordance with s.269TDA(3) of the
Customs Act 1901.
Anyway,
it's the second time that ACBPS terminated the anti-dumping investigation on
formulated glyphosate products exported to Australia from China since this
anti-dumping investigation initiated on 6 Feb., 2012 lodged by Nufarm Limited (Nufarm)
and Accensi Pty Limited (Accensi), the top two manufacturers of formulated
glyphosate in Australia, and the first time was on 2 Aug., 2012.
It
seems that the termination hasn't exhilarated some Chinese glyphosate producers
and the glyphosate products prices in China did not fluctuate much. Take
Zhejiang Wynca for example, Zhejiang Wynca claimed that this termination will
have some positive impact on developing the glyphosate market in Australia, but
the impact is estimated to be low. As to the glyphosate price, it's still
stable in China, and the ex-works price of glyphosate technical in China keeps
at about USD5,800/t-USD5,900/t at present.
But
for the glyphosate producers who are eager to enlarge the glyphosate market in
Australia, the result of investigation was worth cheering. Take three
glyphosate companies for examples. Jiangsu Good Harvest-Weien, Shandong Weifang
Rainbow and Sichuan Fuhua Tongda Agro-chemical Technology Co., Ltd. (Sichuan
Fuhua) all have glyphosate registrations in Australia at present. They are
always regarding Australia as one of their most important glyphosate market.
However,
the proportion of these three companies' glyphosate A.I.
export volume to Australia in 2012 in their total glyphosate A.I. exports has
decreased to about 19.14%, down by about 8.75 and 7.67 percentage points over
2010 and 2011 respectively. The Australia's investigation result is expected to
help increase the export volume of glyphosate manufactured by these three
companies in the whole year of 2013.
Anti-dumping
is a normal taxation measure to prevent domestic industry from damage caused by
under-pricing imported products. China's glyphosate products have encountered
anti-dumping issues in many regions including Brazil, Argentina, Australia, the
US and the EU. Dumping accusation of China's glyphosate products in overseas
markets has indicated the products' poor competitiveness and simplistic sale
strategy (low-price strategy only) in the international market.
Zhejiang
Wynca involves in the trouble of "Environmental pollution case"
Anhui
Huaxing finishes leadership replacement
Australia
terminates the resumed anti-dumping investigation on China's formulated
glyphosate
EU
revises the maximum residue limits for glyphosate in food
Overview
of China's glyphosate industry in H1 2013
RMB
appreciation brings negative impact on China's glyphosate industry development
in H1 2013
Result
of glyphosate use survey for 2012 rice planting in Hunan province
China
accomplishes 28 new glyphosate registrations in H1 2013
Glyphosate
technical price increases slightly in July 2013
Export
volume of glyphosate technical increases 22.76% in May 2013
Glyphosate China Monthly Report, a
monthly publication issued by CCM on 20th, will keep track of latest
dynamics, hotspots and competitiveness analysis, and forecasts on market trends
of China
CCM is dedicated to market research in China
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