Find Hot News in Glyphsoate China Monthly Report 1401

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:

Export volume of glyphosate technical increases 44.10% in Nov. 2013

Both the ex-works prices of glyphosate technical and formulations decreased in Nov. 2013, compared with the previous month, with that of glyphosate technical down by 11.56% and that of glyphosate formulations down by 1.86% MoM. However, the export volume of glyphosate technical largely increased by 44.10%.

Outlook of China's glyphosate industry in 2014

The glyphosate industry is expected to remain prosperous in 2014, and glyphosate will continue to have a dominant role in China's herbicides market. However, the glyphosate industry will face four important challenges in 2014, namely the increasing costs, the stringent environmental protection inspection, industrial integration and RMB appreciation.

Ex-work price of glyphosate technical in Jan. 2014 up 4.17% MoM

Generally speaking, there is no much change in the average ex-works prices of glyphosate products during Dec. 2013 and Jan. 2014. Compared with Dec. 2013, the ex-works price of glyphosate technical increased by 4.17%, while that of glyphosate formulations did not change.

List of first batch glyphosate manufacturers passing environmental protection inspection fails to release in 2013

As of the end of 2013, the Ministry of Environmental Protection of the People's Republic of China has failed to release the first list of that glyphosate and PMIDA manufacturers that have successfully passed the requirements of the environmental protection inspection. However, the threat of failing these requirements has compelled many mainstream glyphosate manufacturers to enhance their environmental protection abilities.

Solid glyphosate ammonium salt still the most registered glyphosate product in 2013 in China

In 2013, China achieved 94 new registrations of glyphosate products. This includes 48 single formulations of solid glyphosate ammonium salt, accounting for 51% of the total new registrations in 2013.

Stock performance comparison of Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in 2013

Nantong Jiangshan's stock performed best in 2013 overall, but Zhejiang Wynca's stock NAVPS was the highest.

Top 8 features of Chinese glyphosate industry in 2013

There were top eight features of Chinese glyphosate industry in 2013. These include the stringent inspection and monitoring against the glyphosate industry, the glyphosate prices hitting new peaks, the significant increase in the glyphosate output and export volume, etc.

Review of China's glyphosate industry in 2013

China's glyphosate industry was strictly monitored for environmental pollution in 2013. The glyphosate market was prosperous in 2013 overall, and basically every glyphosate manufacturer in China profited in 2013.

Zhejiang Wynca and Zhejiang Jinfanda involved in environmental pollution case

According to a report in the Zhejiang Daily on 10 Dec., 2013, a few workers from Fanbu Chemical Factory——a subsidiary of Zhejiang Jinfanda Bio-Chemical Co., Ltd., one worker from Jiande Chemical No. 2 Factory——a branch of Zhejiang Wynca Chemical Industry Group Co., Ltd. and a number of people from these companies which have a cooperation relationship about hazardous waste treatment with Fanbu Chemical Factory and Jiande Chemical No. 2 Factory have been arrested for polluting the environment by the Zhejiang Provincial Public Security Department.

Glyphosate plays important role in Nufarm's strong operating performance for 2013 fiscal year

Nufarm achieved a great operating performance in the 2013 fiscal year (1 Aug., 2012–31 July, 2013). Its total revenue was USD2.03 billion (AUD2.28 billion) in the 2013 fiscal year, up by 4% YoY. This was mainly attributed to the stable revenue increase in the crop protection business, which had an average gross margin of 26% in the 2013 fiscal year. Glyphosate played an important role for Nufarm's great performance in the 2013 fiscal year.

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.

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State Council announces reforms to stimulate seed industry

On 25 Dec. 2013, the State Council of the People's Republic of China issued an announcement on its portal, titled "Opinions on Deepening the Reform of Crop Seed System to Increase Innovation Capability" (the Opinions). The statement is expected to mature into specific guidelines for the future development of China's seed industry.

The Opinions emphasize the following aspects: allowing complete market determination in resource allocation; providing support to seed enterprises by introducing talented workforce, technology and resources; protecting the legitimate interests and rights of scientists over their inventions and creations; improving companies' innovation capabilities; and establishing a commercial breeding system.

Six measures proposed by the Opinions

To strengthen seed enterprises' leadership in technological innovation

Seed enterprises are encouraged to increase investments in R&D and establish joint-stock R&D institutes; scientific research institutes and institutions of higher learning (including universities and colleges) deemed of public interest shall be separated from seed enterprises established by them by the end of 2015, and other scientific research institutes shall be gradually transformed into enterprises (after reforms, the researchers' years of work in their original institutes shall be counted towards their pensions); new innovation platforms of seed industrial technology, such as national and provincial technical research centers, enterprise technical centers, and key laboratories, will be preferentially established in seed enterprises qualified for operating in the breeding, production and promotion fronts; among others.

To stimulate researchers' enthusiasm

Breeding materials, techniques, new varieties, and technological achievements in general developed by research centers and other institutions of public interest (including universities and colleges) with the use of national funds, are eligible to apply for intellectual property rights, and may be assigned monetary value and count as investment shares in seed enterprises; public trading platforms for technological achievements in the industry will be established; regulations for the transactions will be enacted, with private deals prohibited; cooperation between research institutes and enterprises is to receive full support; and researchers are encouraged to join enterprises and engage in commercial breeding; among others.

To intensify efforts to tackle problems in national crop breeding

Five-year plans for the breeding of major crops, such as rice, corn, rapeseed, soybean and vegetables will be designed. The aim is to improve the industry's scientific and technological innovation capabilities, by achieving core breakthroughs in key areas, such as germplasm, new varieties and the efficient propagation of seeds; the country shall help further companies' commercial breeding through various research programs and special projects, and attract social capital to participate in and emphatically foster seed enterprises that incorporate the three levels, breeding, production and promotion; research and breeding platforms shall be created, cooperation between enterprises and research institutes shall be closely established; and so on.

To improve basic and public interest research

Study fields related to the seed industry shall be strengthened; research centers and institutions of higher learning shall receive support to engage in basic and public interest research in areas such as breeding theory, general technology, and innovation of seeds, with the aim of developing modern molecular breeding technologies and methods, and creating new cultivars featuring high resistance, quality and yield; national research funds for these objectives shall be increased, while investments in the commercial breeding of hybrid rice, hybrid corn, hybrid rapeseed, hybrid cotton and vegetables conducted by research institutes and universities shall be gradually decreased; the preparation for and conduction of a national medium-to-long term plan for germplasm conservation and utilization of crops and forests shall be accelerated; and so on.

To accelerate the construction of seed production facilities

Policy support to major seed production facilities shall be increased and infrastructure for the construction of seed and seedling production facilities shall be laid down; a series of policies shall be implemented, such as insurance on seed production, subsidies on fine wood seeds and seedlings, and awards for major grain crop seed producing counties; the transfer of land-use rights to large seed producers and farmer cooperatives through land shares and land lease shall be promoted; among others.

The news sourced from Seed China News released by CCM in January.

Table of Contents of Seed China News 1401:

Key events in China's seed industry in 2013, part 1

State Council announces reforms to stimulate seed industry

Five changes in the Examination and Approval Measures for Main Crop

Origin reports profit growth in FY2013

Heilongjiang tomato seed market improving

Oversupply of hybrid rice seeds to continue in 2014

Terminal sales: new marketing trend for corn seeds

Beijing Shenzhou: space mutation breeding to boost agricultural development

Heilongjiang soybean market still depressed in 2013

Autumn planting of rapeseed in Anhui in 2013/2014

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.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Top 8 features of Chinese glyphosate industry in 2013

1. The environmental protection inspection against glyphosate industry was unprecedentedly stringent.

On one hand, the environmental protection policy of large-scale inspections on the glyphosate industry was released for the first time. On 21 May, 2013, the Ministry of Environmental Protection of the People's Republic of China released a document——Notice Regarding the Environmental Protection Inspection against Glyphosate (PMIDA) Manufacturers, and the inspection will last to 2015. This means that the glyphostate industry will be tightly regulated and monitored for environmental protection purposes for about two years and six months.

On the other hand, the environmental monitoring against the glyphosate industry was unprecedentedly stringent. Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejian Wynca) and Zhejiang Jinfanda Bio-Chemical Co., Ltd. (Zhejiang Jiafanda) were both involved in a court case over various environmental pollution offences. Zhejiang Jinfanda's general manager Pu, its deputy general manager Du and Zhejiang Wynca's safety and environmental protection department manager Gu have been arrested by the Zhejiang Provincial Public Security Department. So far, there is no news about the final judgment. Given the current situation, the final judgment is unlikely to be positive for the suspects.

2. Glyphosate prices hit new peaks.

Glyphosate technical and formulations' ex-works prices in 2013 all represented new peaks since 2009. Specifically, the glyphosate technical average ex-works price in 2013 was USD5,988/t (RMB36,708/t), up by 27% over 2012. The average ex-works prices of glyphosate 41% IPA, glyphosate 50% SP, glyphosate 62% IPA and glyphosate 75.7% WSG in 2013 respectively were USD2,792/t (RMB17,113/t), USD3,310/t (RMB20,292/t), USD3,428/t (RMB21,013/t) and USD5,245/t (RMB32,153/t), up by about 27%, 26%, 23% and 28% over 2012.

3. Glyphosate output and export volume increased significantly.

The environmental monitoring against the glyphosate industry was strict in 2013. However, this did not prevent China's glyphosate technical output from increasing. The total output was approximately 480,000 tonnes in 2013, up by 10% over 2012. Besides, the export volume of glyphosate A.I. was about 360,000 tonnes in the first eleven months of 2013. The total export volume of glyphosate A.I. is estimated to be about 400,000 tonnes in 2013. Thus, the export volume in 2013 will increase about 29% over 2012.

4. Production capacity continued to expand.

On one hand, Sichuan Fuhua Tongda Agro-chemical Technology Co., Ltd. (Sichuan Fuhua) became the largest glyphosate manufacturer in Asia, with a 120,000t/a production capacity. There are also many other companies trying to construct glyphosate production capacity. This includes Sichuan Hebang Co. Ltd. (Sichuan Hebang) and Lier Chemical Co., Ltd. (Lier Chemical).

Sichuan Hebang, whose main products are soda ash and ammonium chloride, planned to spend one year to construct a 50,000t/a glyphosate production project with a total budget of USD81.81 million (RMB501 million). At present, Sichuan Hebang is still preparing funds for the construction. Unlike Sichuan Hebang, which has not started construction of its glyphosate project, Lier Chemical claimed that in Nov. 2013 its subsidiary——Jiangsu Kuaida Agrochemical Co., Ltd. was trialling its 10,000t/a glyphosate production line, and that this line was expected to be launched in the beginning of 2014.

5. Almost every glyphosate manufacturer made a full-year profit in 2013.

Because of the prosperous glyphosate market in 2013, almost every Chinese glyphosate manufacturer made a full-year profit in 2013. The performances of the following three companies exemplify the strength of the glyphosate industry. The operating profit in the first nine months of 2013 of Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca), Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. and Anhui Huaxing Chemical Industry Co., Ltd. respectively were USD74.36 million (RMB455.35 million), USD48.20 million (RMB295.16 million) and USD5.22 million (RMB31.91 million). These three companies' operating performances in Q4 2013 mean that they will certainly record high full-year profits for 2013.

6. Chinese glyphosate companies not to have engaged in dumping conduct in Australia.

On 24 June, 2013, the Australia Customs and Border Protection Service released Notice No. 2013/51, showing that the China's glyphosate companies that exported glyphosate formulations to Australia were judged not to have dumped their products into Australia. Subsequently, Australia terminated the anti-dumping investigation that had been resumed on 16 Nov., 2012. This decision would help China's glyphosate companies develop in Australia's glyphosate market. Apart from Australia, China's glyphosate companies have had anti-dumping investigations in other foreign countries. The EU started to levy a 48% anti-dumping duty on Chinese glyphosate in 2000, and subsequently carried out anti-dumping investigations on multiple occasions against China's glyphosate. However, China eventually won this anti-dumping case in July, 2012.

7. Some Chinese pesticide companies continued to expand their overseas glyphosate market.

Sinochem Group replaced Nufarm and took over the exclusive distribution rights. Nufarm Limited (Nufarm)'s exclusive distribution rights for Roundup branded glyphosate in Australia and New Zealand were terminated on 28 Aug., 2013. Given the huge glyphosate market in Australia and New Zealand, this represents a huge step for Sinochem Group in its strategy to enlarge its overseas glyphosate market. In addition, Shandong Binnong Technology Co., Ltd. achieved a glyphosate registration in Australia in 2013.

8. Some Chinese glyphosate companies attempted to expand their business scope.

Anhui Huaxing Chemical Industry Co., Ltd. intends to set foot into the natural gas business. It will receive a total of USD358.83 million (RMB2.20 billion) from CEFC Shanghai Oil Group Co., Ltd., Shanghai Daiwah Group International Trade Co., Ltd. and Dasheng Commercial Co., Ltd., and will use these funds to enter into the natural gas industry. Zhejiang Wynca Chemical Industry Group Co., Ltd. continued to achieve progress on its overseas mining business. Zhejiang Wynca's holding subsidiary–Akoko Gold Fields–has successfully obtained mining rights, covering 28.07 km2 of territory, in Ghana in Sept. 2013.Source: Glyphosate China Monthly Report issued by CCM in January.

Table of Contents of Glyphsoate China Monthly Report 1401:

Glyphosate plays important role in Nufarm's strong operating performance for 2013 fiscal year

Zhejiang Wynca and Zhejiang Jinfanda involved in environmental pollution case

Review of China's glyphosate industry in 2013

Top 8 features of Chinese glyphosate industry in 2013

Stock performance comparison of Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in 2013

List of first batch glyphosate manufacturers passing environmental protection inspection fails to release in 2013

Outlook of China's glyphosate industry in 2014

Solid glyphosate ammonium salt still the most registered glyphosate product in 2013 in China

Ex-work price of glyphosate technical in Jan. 2014 up 4.17% MoM

Export volume of glyphosate technical increases 44.10% in Nov. 2013

Glyphosate China Monthly Report, a monthly publication issued by CCM on 20^th, will keep track of latest dynamics, hotspots and competitiveness analysis, and forecasts on market trends of China’s glyphosate industry.

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

Anhui Huaxing to set foot into natural gas business

On 2 Dec., 2013, Anhui Huaxing Chemical Industry Co., Ltd. (Anhui Huaxing) claimed that it has cosigned an agreement——Attaching condition precedent of Share Acquisition Contract with CEFC Shanghai Oil Group Co., Ltd. (CEFC Shanghai), Shanghai Daiwah Group International Trade Co., Ltd. (Shanghai Daiwah Group) and Dasheng Commercial Co., Ltd. (Dasheng Commercial) on 29 Nov., 2013.

The agreement stipulates that Anhui Huaxing will respectively non-publicly issue an additional 80 million shares, 180 million shares and 100 million shares to CEFC Shanghai, Shanghai Daiwah Group and Dasheng Commercial at the price of about USD1.00/share (RMB6.11/share). Anhui Huaxing will receive a total of USD358.83 million (RMB2.20 billion) from these three companies.

Before the deal, Anhui Huaxing's controlling shareholder is CEFC Shanghai with 60.78% stake, and its actual controllers are three natural persons, namely Su Weizhong, Zheng Xiongbin and Sun Ye. After the deal, Anhui Huaxing's controlling shareholder and actual controllers will not change. CEFC Shanghai will hold a 51.88% stake, but Shanghai Daiwah Group and Dasheng Commercial will become Anhui Huaxing's shareholder, with 11.55% and 6.41% stakes respectively.

If the deal is completed, Anhui Huaxing claimed that the raised funds will be used to supplement its liquidity after deducting the issuance cost. Anhui Huaxing will then use this liquidity to carry out the preparatory work for engaging in the natural gas business.

Specifically, Anhui Huaxing will invest huge funds into its wholly-owned subsidiary——CEFC Natural Gas (Shanghai) Co., Ltd. (CEFC Natural Gas) to enable it to engage in the natural gas business. Thus, CEFC Natural Gas will be able to carry out team building, qualification application, project bidding and cooperation negotiation, etc.

Notably, CEFC Natural Gas was not founded by Anhui Huaxing. Anhui Huaxing's   100% stake was freely transferred to Anhui Huaxing by its parent company——CEFC Shanghai on 12 July, 2013. When the 100% stake was transferred, CEFC Natural Gas's total assets and net assets both were about USD46,650 (RMB286,000), and its total liabilities was USD0.

Pesticides is Anhui Huaxing's main business at present, but natural gas will likely become Anhui Huaxing's other main business. In the natural gas sector, Anhui Huaxing's ultimate aim is to form a complete natural gas industry chain with upstream and downstream integration.

Regarding its permits and qualifications, Anhui Huaxing claimed that CEFC Natural Gas currently only holds the qualification for natural gas entrepot trade. However, CEFC Natural Gas is actively applying for other qualifications to carry out more business related to natural gas.

Anhui Huaxing plans to carry out the natural gas overseas entrepot trade business and import business, aiming to open up the international and domestic natural gas markets.

Anhui Huaxing intends to establish long-term and stable natural gas purchase relationships with oil companies located in the Middle East, North America, Central America, Central Asia, such as Israel National Oil Company, Petroleos Mexicanos, PetroKazakhstan, etc. Also, Anhui Huaxing intends to establish strategic cooperation relationships with some domestic large state-owned energy and power companies.

Anhui Huaxing intends to gradually set foot into the exploration of overseas natural gas, and to construct large-scale liquefied natural gas filling stations and storage warehouses domestically.

Source: Glyphosate China Monthly Report issued by CCM in December.

Table of Contents of Glyphsoate China Monthly Report 1312:

Sichuan Hebang to hold 90,000t/a PMIDA capacity

Anhui Huaxing to set foot into natural gas business

Shandong Binnong ranks sixth in 2013 China's Top 100 Pesticides Manufacturers List

Nutriechem tops 2013 China's Top 100 Pesticides Manufacturers List

Why should we be bullish on glyphosate-from supply perspective

Why should we be bullish on glyphosate-from demand perspective

Why should we be bullish on glyphosate-from inventory perspective

Nine glyphosate registrations in Nov. 2013

Glyphosate price declines in Dec. 2013

Export volume of glyphosate technical decreases by 16.66% in Oct. 2013

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.

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

Nantong Jiangshan's operating profit increases by 2,697.38% in Q3 2013

Zhejiang Wynca exhibited paraquat 20% WG and paraquat 40% WG at the 13th AgroChemEx, showing its potential to produce paraquat non-liquid formulations.

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.

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.

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.

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.

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.

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.

The ex-works prices of glyphosate technical and four glyphosate formulations continued to decline in mid-Nov. 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 YoY growth in Sept. 2013.

Source: Glyphosate China Monthly Report issued by CCM in November.

Table of Contents of Glyphsoate China Monthly Report 1311:

Nantong Jiangshan's operating profit increases by 2,697.38% in Q3 2013

Zhejiang Wynca to introduce paraquat 20% WG and paraquat 40% WG

Sichuan Hebang expected to become top glyphosate manufacturer

Monsanto's net income increases by 21% in fiscal year 2013

China to strengthen glyphosate registration management

Operating performance comparison among Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in Q1-Q3 2013

Review of Chinese glyphosate exports in Q3 2013

Nine glyphosate registrations in Oct. 2013

Glyphosate technical price keeps decreasing in Nov. 2013

Export volume of glyphosate technical decreases by 16.27% in Sept. 2013

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

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.