Following are
headline news of the latest issue of Glyphsoate China
Monthly Report:
Glyphosate
technical price decreases moderately in Oct. 2013
The glyphosate
technical ex-works price saw a moderate decrease and four glyphosate
formulations ex-works prices witnessed a slight drop in mid-Oct. 2013 MoM.
Anhui Huaxing lodges for arbitration about Atanor's
arrear
Anhui Huaxing
lodged the China International Economic and Trade Arbitration Commission for an
arbitration that Atanor must immediately defray Anhui Huaxing's total arrear of
about USD4.28 million, and the arbitration has been accepted but hasn't been
judged. Besides, Anhui Huaxing lodged the Anhui Province Ma'anshan City
Intermediate People's Court for freezing Atanor's 50% share (valuing USD9
million) in Anhui Xingnor, which has been done finally.
Export volume of glyphosate technical decreases
slightly in Aug. 2013 MoM
The export volumes
and export prices of glyphosate technical, PMIDA and glyphosate formulations
all recorded a YoY growth in Aug. 2013. However, the Aug. 2013 export volumes
also constituted MoM declines. The export volumes of glyphosate technical and
glyphosate formulations decreased by 0.45% and 1.41% MoM respectively in Aug.
2013.
Nantong Jiangshan becomes first clean production
demonstration enterprise in organic phosphorus industry
Nantong Jiangshan
is on the list of Clean Production Demonstration Enterprise in China's organic
phosphorus industry for the first time. It is also the only pesticide company
on the list in 2013.
Overview of China's glyphosate industry in Q3 2013
China's glyphosate
industry remained prosperous in Q3 2013. The prices and profitability of
glyphosate related products were both at their highest levels during Q3 2013.
However, the total operating rate and output both were both at their lowest
levels for 2013 during Q3 2013, mainly because of the strict environmental
protection supervision and monitoring in China during this period.
Ten glyphosate registrations in Sept. 2013
There were ten
registrations for glyphosate products made during Sept. 2013. All were renewed
registrations. Thus, China has approved 77 registration certificates of
glyphosate products from 1 Jan. 2013 to 30 Sept. 2013, among which 41 were
renewed registrations.
Seven glyphosate companies make it into the 2012
China Top 20 Pesticide Enterprises
China's seven
mainstream glyphosate manufacturers successfully qualified for the 2012 China
Top 20 Pesticide Enterprises for the first time. The seven manufacturers have a
total pesticide revenue of about USD2.53 billion in 2012, accounting for about
39.90% of the top 20 pesticide enterprises' total pesticide revenue.
Overseas mining
business to boost Zhejiang Wynca's 2014 performance
Zhejiang
Wynca's holding subsidiary–Akoko Gold Fields–has successfully obtained the
mining right of a land covering 28.07 km2 in Ghana. With the promotion of
mining, Akoko Gold Fields is expected to achieve good revenue in 2014, which
will boost Zhejiang Wynca's operating performance in 2014.
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