Find Hot News in Glyphsoate China Monthly Report 1311

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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Find Hot News in Glyphsoate China Monthly Report 1310

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.

About CCM

As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact

Email: econtact@cnchemicals.com

Tel: 86-20-37616606

Fax: 86-20-37616968

Find Hot News in Glyphsoate China Monthly Report 1309

Published on the 20^th every month, Glyphsoate China Monthly Report is a monthly publication released by CCM. It offers timely update and close follow up of China’s various kind of Glyphsoate market dynamics, analyze the market data and trends. Major columns include the latest information and in-depth analysis on market trends, supply and procurement opportunities in raw materials and intermediates, technology process, price updates, new policies and company dynamic, etc.

Following are headline news of the latest issue of Glyphsoate China Monthly Report:

Glyphosate becomes operating performance booster of Chinese pesticide companies

The thriving glyphosate market and enhancing profitability kept on in H1 2013. As for China's pesticides companies owning glyphosate or PMIDA business, glyphosate or PMIDA played a role of booster on their operating performance in H1 2013.

Sichuan Hebang to construct 50,000t/a glyphosate production project

Sichuan Hebang plans to construct 50,000t/a glyphosate production project with a total budget of USD81.81 million, and it owns the production equipment and production technique which equals to 50,000t/a glyphosate production capacity now, but there are still two main obstacles for the completion of this project.

Export volume of glyphosate technical decreases by 5.63% in July 2013 MoM

The export volumes and export prices of glyphosate technical, PMIDA and glyphosate formulations all recorded YoY growth in July 2013. The export volumes of glyphosate technical and glyphosate formulations decreased by 5.63% and 22.92% MoM respectively in July 2013.

Glyphosate technical price increases moderately in Sept. 2013

The glyphosate technical price saw a moderate increase in Sept. 2013 MoM. In the current circumstances, the ex-works prices of glyphosate products are expected to remain stable or to increase slightly in late Sept. and mid-Oct. 2013.

Operating performance comparison among Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in H1 2013

Because of the thriving market and the rising profitability of glyphosate, Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing all achieved excellent operating performance in H1 2013. All three companies recorded double-digit YoY growth rates for their total revenue in H1 2013. The three companies' stocks also improved significantly during H1 2013. The prices of glyphosate related products are at their highest level since 2009 and are likely to be maintained throughout H2 2013. This will help the three companies maintain their strong financial performance.

Jiangsu Yangnong achieves strong profits largely due to its glyphosate business in H1 2013

Jiangsu Yangnong released its 2013 semi-annual report on 27 Aug. 2013, showing that Jiangsu Yangnong's total revenue in H1 2013 was USD261.54 million, with a growth rate of 29.95% YoY. Jiangsu Yangnong's foreign revenue was USD175.79 million (RMB1,076.49 million) in H1 2013, and this figure constituted the highest ever proportion of its total revenue for corresponding periods. This was largely due to the strong operating performance in its glyphosate business. The revenue from the glyphosate business in H1 2013 increased by about 88% over H1 2012. Almost all of Jiangsu Yangnong's glyphosate products are produced for export and in H1 2013.

Six glyphosate registrations in Aug. 2013

There were 6 registration certificates of glyphosate products in Aug. 2013. All of them were renewed registrations. Thus, there are 67 registration certificates of glyphosate products in China as of 31 Aug. 2013, among which 31 are renewed registrations.

Anhui Huaxing's revenue increases by 38.08% in H1 2013

Anhui Huaxing has become profitable once again in H1 2013. This is in contrast to the situation of H1 2011 and H1 2012, when Anhui Huaxing incurred both an operating loss and a net loss. It achieved a total revenue and operating profit of USD116.36 million and USD2.74 million respectively in H1 2013. Given that Anhui Huaxing now holds sufficient funds and that the glyphosate related products market will continue to prosper in H2 2013, Anhui Huaxing is expected to achieve a better operating performance in H2 2013.

Nantong Jiangshan's operating profit increases by 4,113.88% in H1 2013

Nantong Jiangshan's profit skyrocketed in H1 2013, with an operating profit and a net profit of USD26.84 million and USD21.43 million respectively. These strong figures were mainly due to the high sales and profitability of glyphosate related products. However, Nantong Jiangshan remained in a weak financial position in H1 2013, which was mainly attributed to its huge debt.

Zhejiang Wynca successfully turns loss into gain in H1 2013 YoY

Zhejiang Wynca successfully turned loss into gain in H1 2013 YoY. It achieved total revenue and operating profit of USD595.36 million and USD46.87 million respectively in H1 2013. With the continuance of high glyphosate products prices and the coming demand seasons from Southern Hemisphere countries, Zhejiang Wynca is expected to accomplish its 2013 revenue target of USD1,059.3 million.