Glyphosate potassium, a product
with the best theoretical performance among all glyphosate series, only
dominates rather small market share in China at present, which needs further
promotion in the future, according to CCM International’s July Issue of Glyphsoate
China Monthly Report.
As the regulation of lowering the
price of Roundup in China in
H1 2012 has drawn much market concerns, it's investigated that another
well-know glyphosate product Touchdown branded by Syngenta also suffers the
same treatment in China .
"Touchdown® is undersold in Hubei
Province in China , and its wholesale price is
about USD4,430/t (RMB28,000/t) at present, compared with USD6,330/t
(RMB40,000/t) in the past," said Mr. Xiang, a sales representative
formerly in Syngenta but now in Bayer.
Mr. Xiang said that the retail
price of Touchdown® is about USD1.26-1.42 (RMB8-9) per bottle (250 mL), compare
with more than USD1.90 (RMB12) per bottle before 2012.
“Glyphosate potassium products
didn't sell well in China
in the past. At present, as their prices are much higher than those of other
glyphosate products, its performance doesn't significantly surpass its competitors,”
said Mr. Xiang.
Theoretically, the manufacturing
cost of glyphosate potassium salt is higher than that of glyphosate IPA salt
under the same content of glyphosate acid equivalent. But interestingly, the
price of Touchdown® has decreased to a comparable level as Roundup®.
"Touchdown® is not
Syngenta's focus product in China
at present. Compressed by the fierce competition from domestic glyphosate AS
products, coupled with the price down-regulating of Roundup®, Syngenta finally
decreases the price of Touchdown®," Mr. Xiang disclosed.
Theoretically, glyphosate
potassium salt has two main superiorities over other glyphosate salts; the
quick efficacy and the potassium supply for crops as a fertilizer are the key
reasons why glyphosate potassium products have been widely used in overseas
countries. Domestic academic experts and market professionals all admit these
advantages of it.
“Basically, the target market of
glyphosate potassium is the high-end users. And the popularity of glyphosate potassium
products in China
needs more promotion. Besides, the cost of glyphosate potassium products should
decrease if players want to expand market share of these products." Mr.
Xiang suggests.
According to Mr. Xiang, some
domestic companies are launching glyphosate potassium products in China market.
“The risk is obvious, and the immature market and high price will led to the
little acceptability for Chinese farmers.
Only two companies including
Syngenta and Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca)
have registered glyphosate potassium products in China as of 13 July, 2012.
According to Mr. Tang, Territory
Manager of Zhejiang Wynca., Zhejiang Wynca is the first domestic company to
launch glyphosate potassium products in China . "Glyphosate potassium
is a new product series for Zhejiang Wynca and it has been newly brought into
Chinese market in 2012. The main product is 58% glyphosate potassium SG.” It's
estimated that market share of Zhejiang Wynca's glyphosate potassium is very
small at present.
"Our product is different
from Syngenta's Touchdown®. Our glyphosate potassium is formulated into SG,
while Touchdown® is formulated into AS. Consumers of our glyphosate potassium
are high-end users," said Mr. Tang.
Tang emphasized that Zhejiang
Wynca's glyphosate potassium is on the promotion stage at present, and the
quotation to wholesalers is indefinite, depending on the trading amount.
"The retail packaging is 70g
per packet, which is usually priced at USD0.79 (RMB5) in retail market.”
http://www.cnchemicals.com/Newsletter/NewsletterDetail_14.html
Content of Glyphsoate China
Monthly Report 1207:
Sichuan Shuncheng to launch 150,000t/a PMIDA at the end of 2012
Sichuan Hepu's 40,000t/a IDAN project to receive additional investment
from shareholders
Outage insurance indemnities of USD0.51 million will not meet Nantong
Jiangshan's need of operating funds
Sichuan Fuhua keeps cost advantage through continuous technological
innovation
Scientists found soil microbes may play a role in weeds' resistance to
glyphosate
Overview of China 's
glyphosate industry in H1 2012
Enhancing profitability of glyphosate stimulates stock prices of listed
glyphosate producers
Glyphosate potassium salt needs further promotion in China
Glyphosate technical price keeps uptrend in July 2012
Glyphosate technical export in May 2012: volume down 14.99% while price
up 4.15% MoM
Glyphosate China Monthly Report, a monthly publication issued by CCM
International on 20th of every
month, will keep track of
latest dynamics, hotspots and competitiveness analysis, and forecasts on market
trends of China ’s
glyphosate industry.
About
CCM
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market research in China ,
Asia-Pacific Rim and global market. With a staff of more than 150 dedicated
highly-educated professionals. CCM offers Market Data, Analysis, Reports,
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CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
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