Following are headline news of the latest issue of Glyphsoate China Monthly Report:
China to strengthen glyphosate registration management
ICAMA released the exposure draft of the Advice on the Registration Management of Glyphosate and Its Salt Products on 8 Oct., 2013. From the perspective of positive influence, this registration management advice is expected to be widely accepted by glyphosate companies in China and the clauses in the advice are also expected to be the formal registration clauses of glyphosate.
Glyphosate technical price keeps decreasing in Nov. 2013
The ex-works prices of glyphosate technical and four glyphosate formulations continued to decline in mid-Nov. 2013.
Export volume of glyphosate technical decreases by 16.27% in Sept. 2013
The Sept. 2013 export volumes, with an exception for PMIDA, suffered MoM declines. The export volumes of glyphosate technical and glyphosate formulations decreased by 16.27% and 2.75% MoM respectively in Sept. 2013. However, the export prices of glyphosate technical, PMIDA and glyphosate formulations all recorded a YoY growth in Sept. 2013.
Review of Chinese glyphosate exports in Q3 2013
The total A.I. volume (100% glyphosate acid equivalent) of China's export glyphosate related products in Q3 2013 increased by 46% and 18% compared with Q3 2011 and Q3 2012 respectively. The total export value in Q3 2013 was up by 141% and 60% compared with Q3 2011 and Q3 2012 respectively.
Zhejiang Wynca to introduce paraquat 20% WG and paraquat 40% WG
Zhejiang Wynca exhibited paraquat 20% WG and paraquat 40% WG at the 13th AgroChemEx, showing its potential to produce paraquat non-liquid formulations.
Operating performance comparison among Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in Q1-Q3 2013
Because of the thriving market and the rising profitability of glyphosate, Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing all achieved excellent operating performances and stock performances in the first nine months of 2013.
Sichuan Hebang expected to become top glyphosate manufacturer
Sichuan Hebang has revealed that it plans to construct a 50,000t/a glyphosate production project. In view of Sichuan Hebang's method and cost advantages that it will gain upon the completion of the glyphosate project, Sichuan Hebang is expected to become a top glyphosate manufacturer in China.
Nine glyphosate registrations in Oct. 2013
There were nine registrations for glyphosate products approved during Oct. 2013. Five were new registrations, and four were renewed registrations. Thus, China has approved 86 registration certificates of glyphosate products from 1 Jan., 2013 to 31 Oct., 2013, among which 41 were new registrations, and 45 were renewed registrations.
Monsanto's net income increases by 21% in fiscal year 2013
Although Monsanto suffered a net loss of USD249 million in Q4 2013 (June 2013-Aug. 2013), it still managed to achieve a net income of USD2,482 million in the 2013 fiscal year (Sept. 2012-Aug. 2013), up by 21% YoY.
Nantong Jiangshan's operating profit increases by 2,697.38% in Q3 2013
Nantong Jiangshan's profit surged in Q3 2013, with an operating profit and a net profit of USD21.36 million and USD16.84 million respectively. This constitutes YoY increases of 2,697.38% and 1,324.33% respectively. These strong figures were mainly due to the high profitability of glyphosate related products. However, Nantong Jiangshan remains in a weak financial position, mainly because of its huge debt.
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