China's captan export soars by 54.36% in H1 2013

According to Fungicide China News 1311, in H1 2013, the total export volume of captan technical and formulations in China witnessed an increase of 54.36% year on year to about 742 tonnes, according to the General Administration of Customs of the People's Republic of China (China Customs) and CCM.

In detail, China's export volume of captan technical was 327.25 tonnes in H1 2013, down by 28.78% over the same period last year. However, the soaring export of captan formulations this year offset the decline of captan technical. In H1 2013, China's export volume of captan formulations hit 414.88 tonnes, while China only exported 21.25 tonnes of captan formulations in H1 2012.

The specifications of captan technical exported in H1 2013 included 92% captan technical, 95% captan technical and 97% captan technical. Of the three specifications of captan technical, the export volume of 95% captan technical was much larger than the others, reaching about 187.25 tonnes and accounting for 57.22% of the total export volume of captan technical.

The specifications of captan formulations exported in H1 2013 included 50% captan WP and 80% captan WDG. In the same period last year, China exported no captan WDG. However, captan WDG has become a major specification for captan formulations exported this year.

In 2012, China's export volume of captan technical and formulations were 888 tonnes and 322 tonnes respectively.

The export price of captan technical was USD5.56/kg in H1 2013, higher than that of USD5.29/kg in H1 2012. As the largest exported specification of captan technical, the export price of 95% captan technical hit USD6.95/kg in Feb. 2013, but it witnessed some decrease in the following months.

The export price of captan formulations was USD6.27/kg in H1 2013, much higher than the USD4.71/kg in H1 2012, mainly boosted by the large export volume of 80% captan WDG (its price was higher than 50% captan WP). The export price of 80% captan WDG remained at USD7.5/kg in early 2013, but it declined to USD5.8/kg in June. The export price of 50% captan WP remained in an uptrend during the first five months of this year and hit USD5.2/kg in May, but it declined to USD4.2/kg in June.

China's major exporters of captan technical in H1 2013 were Zhejiang Zhuji United Chemicals Co., Ltd., Guangzhou Henong Trading Co., Ltd., Sinochem Ningbo Limited, and Nanjing Essence Fine-Chemical Co., Ltd. The export volume of captan technical from these companies accounted for about 80% of the total captan technical exported in this period. The top five export destinations of China's captan technical in H1 2013 were the US, New Zealand, Indonesia, Turkey and Venezuela.

China's major exporters of captan formulations in H1 2013 were Guangzhou Henong Trading Co., Ltd., Shandong Weifang Rainbow Chemical Co., Ltd., Sh-Inform Chemical Co., Ltd., and Shanghai AgroChina International Trade Co., Ltd. The export volume of captan formulations from these companies accounted for about 90% of the total captan formulations exported in this period. The top five export destinations of China's captan formulations in H1 2013 included the US, Guatemala, Uruguay, Ukraine and Mexico.

Table of Contents of Fungicide China News 1311:

Shanghai Port prices of main fungicides in China, Nov. 2013

FOB Shanghai prices of main fungicides in China, Nov. 2013

Ex-factory prices of main fungicides in China, Nov. 2013

China's output of fungicide technical up by 5.8% year on year in Sept. 2013

Sipcam China promotes proposal to deal with potato late blight

Fifth and sixth batch of merged agrochemical companies released in China in 2013

Hunan Crop Protection Association founded in Oct. 2013

Subsidy for large grain producers in pilots allocated by MOF

Lier Chemical’s revenue witnesses year-on-year increase of 19.76% in Q3 2013

Lianhe Chemical's revenue increases by 38.9% year on year in Q3 2013

Lanfeng Biochemical suffers loss in Q3 2013

Noposion retains first among China Top 30 Pesticide Formulation Manufacturers, 2013

List of 2013 China Top 100 Pesticide Manufacturers released

Increasingly severe soil pollution in China draws national attention

Seed treatment for wheat strongly promoted in China

Asparagus brings new opportunities to related pesticide development

(+)-Abscisic acid has broad application prospects in China

China's captan export soars by 54.36% in H1 2013

Huifeng Agrochemical’s revenue maintains high-level growth in Q3 2013

Huapont-Nutrichem makes headway in acquisition

Apple canker becomes serious in China

Application for formal registration of two fungicides approved

Fungicides China News, a monthly publication issued by CCM on 10^th, releases a wealth of exclusive analysis on market dynamics, company dynamics, import and export data, and other more brief news inside the industry. You may find cooperative opportunities with domestic and international manufacturers, supplier and exporters.

About CCM

CCM is dedicated to 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, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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China produced about 925 thousand tonnes of TiO2 in H1 2013, representing a YoY fall of 1.28%

According to CCM's investigation, China produced a total of approximately 925 thousand tonnes of TiO2 in H1 2013, a YoY fall of 1.28% compared with 937 thousand tonnes in H1 2012. In H1 2013, the domestic TiO2 price declined by more than 12%, due to the weak export conditions and the sluggish downstream demand. This caused some producers to reduce or halt production.

 

At the end of June 2013, TiO2 producers were still burdened by high inventory levels. However, the sluggish market condition has provided giant TiO2 producers opportunities to expand their market share through low price strategies. This has forced some small producers out of the market, which further accelerates the integration within the industry.

 

At the same time, market share of the top five domestic TiO2 producers was 37.57% in H1 2013, a 6.22% increase from H1 2012. This is primarily due to the launching of Sichuan Lomon's new project and the integration of CNNC Titanium, which have correspondingly raised their TiO2 capacities.

 

The top TiO2 producers have consolidated their places in the industry by increasing their output during H1 2013. Sichuan Lomon ranked first with an output of more than 100 thousand tonnes in H1 2013, compared with the output of 86 thousand tonnes in H1 2012. Sichuan Lomon acquired 300,000t/a of new TiO2 production capacity after its Xiangyang project went into operation in the beginning of 2013. The Xiangyang project largely increased Sichuan Lomon's TiO2 output in H1 2013. Shandong Dongjia ranked second with an output of approximately 75 thousand tonnes, a YoY increase of about 10%. CNNC Titanium leapfrogged Henan Billions and ranked third, with an output of 63 thousand tonnes after integrating the assets of CNNC Hua Yuan Titanium Dioxide Co., Ltd. and Anhui Jinxing Titanium Co., Ltd. Henan Billions ranked fourth with a TiO2 output of 57.8 thousand tonnes, a YoY fall of 3.83%. Pangang Group was fifth, having produced 41.7 thousand tonnes in H1 2013. 

 

Meanwhile, under the weak market conditions in H1 2013, seven small TiO2 producers have halted their facilities. These seven small producers have a combined total TiO2 capacity of approximately 126 thousand tonnes.

Source: Titanium Dioxide China Monthly Report 1309

Table of Contents of Titanium Dioxide China Monthly Report 1309:

Editor's notes

Headlines of this issue

Industrial Information

Import volume kept growth momentum while export volume reversed with double-digit MoM growth

Total titanium feedstock supply volume increased slightly while average import price fell sharply in July

Domestic TiO2 price kept relatively stable from mid-Aug. to mid-Sept.

Company dynamics

Henan Billions acquires first prize in sci-tech achievement as reward for its study on SCR TiO2

Listed TiO2 companies suffer average gross margin rate and total revenue fall in H1 2013

China produced about 925 thousand tonnes of TiO2 in H1 2013, representing a YoY fall of 1.28%

Lomon Corporation listed among 2013 Top 500 Chinese Private Manufacturing Enterprises

Upstream

Sichuan Lomon to break off the cooperation with WTR for jointly developing a world-class ilmenite project

Downstream

Nippon Paint (China) leagues with Gold Mantis to enter the construction decoration industry

Increasing auto sales volume and customers' color predilection are expected to slightly boost the TiO2 demand

Titanium Dioxide China Monthly Report, issued by CCM on 25^th, is mainly comprised of five columns of news and reports related to TiO2 market, including “Supply & Demand”, “Company Dynamics”, “Upstream”, “Downstream” and “Price Update”. You can find out more business opportunities through the latest and helpful information provided in the report.

About CCM

CCM is dedicated to 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, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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Chlorothalonil export drops in H1 2013

In the first half of 2013, China's export volume of chlorothalonil technical and formulations dropped by 22.50% compared with that in H1 2012 to about 7,786 tonnes, according to the data from the General Administration of Customs of the People's Republic of China (China Customs) and Fungicides China News issued by CCM in September.  

 

Specifically, the export volume of chlorothalonil technical, including 96% TC, 97% TC and 98% TC, decreased to about 6,057 tonnes in H1 2013, down by 22.92% year on year. In the first six months of 2013 China exported about 1,729 tonnes of chlorothalonil formulations, including 40% SC, 72% SC and 75% WP, down by 20.99% year on year.

Among three technical specifications, 97% chlorothalonil TC ranked the first place by export volume, amounting to 4,213 tonnes in H1 2013, accounting for 69.55% of the total for chlorothalonil technical, followed by 98% TC (1,814 tonnes). As to 96% chlorothalonil TC, its export volume was the least, only about 30 tonnes (it was exported in Feb. and March 2013, and its export volume was zero in the rest of the months of H1 2013).

Chorothalonil 72% SC was the largest export specification of chlorothalonil formulations by export volume in H1 2103, totaling 880 tonnes, exceeding 50% of the total for cholorothalonil formulations. Chlorothalonil 75% WP ranked the second place by export volume, reaching 550 tonnes, accounting for 31.81%; the export volume of chlorothalonil 40% SC was the least in H1 2013, about 298 tonnes.

Among the two major cholorothalonil technical specifications (97% and 98%), their average export prices remained stable in the first half of 2013. Specifically, the average export price of  97% chlorothalonil TC was between USD3.8/kg and USD4.0/kg from Jan. to June 2013 and that of 98% chlorothalonil TC floated between USD4.5/kg and USD4.9/kg in the first five months of this year, only decreasing to about USD4.3/kg in June 2013.

Table of Contents of Fungicides China News 1309:

Huifeng Agrochemical's fungicide revenue grows significantly in H1 2013

Qianjiang Biochemical achieves good performance in H1 2013

Noposion to acquire Changlong Chemicals' 15% stock equity

Lanfeng Biochemical to set up a joint venture company in Italy

Longwan Chemicals strengthens development of thiediazole copper

Chlorothalonil export drops in H1 2013

New azoxystrobin registration number in 2013 soars more than ever before

First registration for coniothyrium minitans approved in China

Leaf spot becomes major disease for cucumber in China

Rice false smut observed to be more serious than in past years

Fungicides China News, a monthly publication issued by CCM on 10^th, releases a wealth of exclusive analysis on market dynamics, company dynamics, import and export data, and other more brief news inside the industry. You may find cooperative opportunities with domestic and international manufacturers, supplier and exporters.

About CCM

CCM is dedicated to 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, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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Email: econtact@cnchemicals.com

Shandong Denghai achieves sharp growth in H1 2013

Shandong Denghai Seeds Co., Ltd. (Shandong Denghai) achieves sharp growth in both revenue and net profit during H1 2013, mainly owing to the increasing sales of corn variety Denghai605 and the contribution from key subsidiaries, according to CCM’s latest issue, Seed China News 1308.

 

According to Shandong Denghai's semi-annual financial report released on 26 Aug., the company generated USD98.81 million (RMB610.64 million) of revenue and USD24.81 million (RMB153.33 million) of net profit during H1 2013, an increase of 90.45% and 121.85% respectively year on year.

Shandong Denghai primarily attributes its sharp growth in H1 2013 to the increased sales of Denghai605, a leading variety bred by the company itself. As a national approved corn variety released in 2010, the variety has seen rapid growth in the past few years. With prominent advantage of lodging resistance and high yield, Denghai605's promotion area is estimated to reach over 533,333 ha. (8 million mu), mainly covering the summer corn growing regions, such as Shandong, Henan and Hebei.

 

Better performance of Denghai605 in last summer due to favorable weather has promoted its seeds sales in the marketing season of 2012/2013. (Editor: Shandong Denghai, a leading corn seed supplier for summer corn regions, usually takes the marketing season from Nov. to next June). Moreover, the lucrative rebates that Shandong Denghai provides for distributors has also greatly promoted the sales of Denghai605.

Good performance of the subsidiaries' also contributed to Shandong Denghai's sharp growth in H1 2013. Take for example Shandong Denghai-Pioneer Seeds Co., Ltd. (Denghai-Pioneer). The 51:49 joint venture of Shandong Denghai and DuPont Pioneer achieved four times YoY growth in net profit, reaching USD20.12 million (RMB124.33 million) in H1 2013 (Note: Denghai-Pioneer adjusted the marketing strategy in the marketing season of 2012/2013 by reducing the seed sales to distributors in Q4 2012 and increasing the carry-over ratio for the latter half of marketing season, which help promote its performance in H1 2013).

 

Xianyu335, the leading corn variety of Denghai-Pioneer, has shown a slight rebound after the sales decrease in the previous year, with an promotion area estimated to be around 1.53 million ha. (23 million mu) by Denghai-Pioneer this year. To make profits under the serious oversupply of corn seeds in the market, Denghai-Pioneer has greatly reduced the output of Xianyu335 to clear its inventories and slightly raised the selling price when the demand increased for the variety. After all, Xianyu335 has obvious performance advantages over most corn hybrids in the market.

 

Besides, Dandong Denghai Liangyu Seed Industry Co., Ltd. (Denghai Liangyu), another 51%-holding subsidiary of Shandong Denghai, also maintains a performance growth in H1 2013 following the sound performance in previous year, mainly relying on the leading variety Liangyu99, which has seen rising sales in the northeast market. With the outstanding traits covering lodging resistance, anti-plaque resistance and strong resistance to stem borer, the variety has become hot among corn growers in Northeast China, despite a higher selling price in single grain.

Shandong Denghai's leading corn variety Denghai605 is expected to see a further rapid growth in the coming 2-3 years, bringing profit growth to Shandong Denghai. During H1 2013, Denghai605 was successfully introduced to Shaanxi and Shanxi, two important provinces in the summer corn planting regions of Huang-Huai-Hai Plain. Besides, Shandong Denghai is making efforts to promote Denghai605 in the spring corn planting regions such as Inner Mongolia, located in Northeast China.

 

However, there are also still some challenges or risks affecting the further growth of Denghai605—serious oversupply in corn seed market, extreme weather conditions in these regions, etc. Moreover, Denghai605 variety has some shortcomings such as late maturing and slow dehydration, revealed by Zhang Shihuang, Chief Scientist of National Corn Industrial Technology System.

 

Nevertheless, the strong variety breeding capacity will stimulate the long-term development of Shandong Denghai. Apart from Denghai605, some other new varieties have also been developed by the company, such as Denghai618 and Denghai3737, which already passed the approval by Shandong Province. The company has invested annually over RMB4.05 million (RMB25 million) in R&D in the past few years, much higher than the most domestic rivals.

Recently, Shandong Denghai has been rather frequently setting up subsidiaries for business expansion. After setting up a subsidiary named Shandong Denghai Huayu Seeds Co., Ltd. in this June (for more details please refer to Shandong Denghai to set up another corn seed subsidiary in Seed China News 1306, Page 11), Shandong Denghai  on 22 August, 2013 announce its plan to establish a wholly-owned subsidiary. The new subsidiary, temporarily named Qingdao Denghai Seeds Co., Ltd. that was established with USD16.18 (RMB100 million) of registered capital in Qingdao, Shandong's developed coastal cities,, is expected to act as a high-tech breeding plateform of Shandong Denghai by absorbing top talents and cutting-edge technical resources.

Table of Contents of Seed China News 1308:

Hefei Fengle: both revenue and net profit fall in H1 2013

Longping High-tech achieves sound performance in H1 2013

Gansu Dunhuang: heavy losses continue in H1 2013

Shandong Denghai achieves sharp growth in H1 2013

Prospect of Guangdong's peanut seed market becomes good

Liaoning Dongya's Dongdan4243 yields poor harvest in southern Sichuan

Winall Hi-tech transfers corn seed subsidiary to cut losses

Anhui Wanken collaborates with CAS's affiliated institute on wheat breeding

Westrup Denmark cooperates with Kaifeng Maosheng on supplying seed processing equipment in China

China approves large-scale import of Argentina's GMO corn for first time

China's first insurance project on hybrid rice seed production launched in Chengdu

China's rapeseed import up 14.81% in first seven months of 2013

Origin reports revenue decrease for three months by June 30, 2013

BGI: sorghum genomic research to benefit genetic improvement

Seed China News, a monthly publication issued by CCM at the end of every month, mainly covers a diversity of topics, including market dynamic, company dynamic, crops, seed market, etc. With the latest news in seed industry and in-depth analysis on government direction and market competition, Seed China News can provide you with valid information which would help you make rational decisions in investment, production, marketing, etc.

About CCM

CCM is dedicated to 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, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

Guangzhou CCM Information Science & Technology Co., Ltd.
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Tel: 86-20-37616606

Email: econtact@cnchemicals.com

China's corn import volume declines sharply in H1 2013

China's corn import volume increased hugely in the past years, but the uptrend stopped in H1 2013. According to the data from China Customs, China imported 1.52 million tonnes of corn in H1 2013, down 36.73% year on year. The import volume of corn from other regions (not include new sources) except for the Russian Federation all witnessed a decrease in H1 2013, compared with that in H1 2012.

The import volume of corn from the US, the largest source of China's corn import, was 1.51 million tonnes in H1 2013, down 36.28% year on year.

At present, China's corn import is extremely dependent on the US. In 2012 and 2013, the import volume of corn from the US accounted for over 98% of the total corn import volume in China. To change this situation, China is trying to import more corn from other countries.

In H1 2013, China imported corn from four new sources, namely India, Brazil, Ukraine and Chile. Besides, it is reported that China has recently imported 60,000 tonnes of corn from Argentina. It's the first time for China to import such a large amount of corn from Argentina (please refer to COFCO to import 60,000 tonnes of corn from Argentina in 2013 in Corn Products China News 1306 for more details). It is estimated that the import volume of corn from other countries (excluding the US) will increase quickly in the future.

The huge decrease of China's corn import volume was mainly attributed to two reasons. Firstly, there was an abundant supply of corn in the domestic market, as there was a record corn harvest in China in 2012. Secondly, the demand for corn was weak in H1 2013. The corn demand from the feed industry was impacted by the H7N9 in this period, and the corn deep-processing industry was also depressed during this period, which further impacted the demand for corn.

However, China's corn import volume still has the chance to exceed the one in 2012. It's expected that there will be a bumper corn harvest in the US in this season, which may bring down its corn price. In contrast, Chinese government will continue to increase the purchase prices of corn in 2013/2014, which will make the US corn more competitive.

Compared with the corn import volume, China's corn export volume has been very small in recent years. In H1 2013, China exported 17,645 tonnes of corn, down 41.80% year on year. Like that in 2012, the corn was exported to North Korea.

Source: Corn Products China News issued by CCM in August.

Table Contents of Corn Products China News 1308:

Furfural in short supply recently

China's corn import volume declines sharply in H1 2013

Chinese corn products Imp. & Exp. analysis in June 2013

Export business can not help solve oversupply of China's corn starch

Price update of corn products in Aug. 2013

Ex-works price of MSG enjoys an uptrend recently

Ex-works price of starch sugar experiences downtrend in H1 2013

Fufeng Group satisfied with the result of xanthan gum anti-dumping investigations

Changshouhua Food's net profit to increase by 35%-40% in H1 2013

North China Pharmaceutical to issue 250 million shares non-publicly

Resurgence of H7N9 may cause decrease in demand for feed

Opinion solicitation for Approved Feed Additives (2013) conducted

MOF adjusts the dumping margins of the imported nucleotide food additives

Corn Products China News, a monthly publication issued by CCM on 20^th, features “Supply and Demand”, “Import and Export Analysis”, “Price Update”, “Market & Company Dynamics”, “Policy”, “Corn Supply” and other more information researched and reported by CCM’s professional journalists. It is a reliable intermediate for you to know more about the corn industry in China even in the globe.

About CCM

CCM is dedicated to 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, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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

Email: econtact@cnchemicals.com