Hubei Xingfa foresees a profit down in H1 2013

On June 3rd, 2013, Hubei Xingfa Chemicals Group Co., Ltd. (Hubei Xingfa) reported it expects to report a 30-50% decline in net profit in the first half of 2013, compared to USD25.66 million of net profit in H1 2012, according to CCM’s Phosphorus Industry China Monthly Report issued in June.

Hubei Xingfa attributed the expected profit drop to the following three points:

Firstly, the market price of phosphorus ore is declining while the cost of phosphorus mining is rising.

Secondly, electricity costs have risen sharply because of drought. Hubei Xingfa gets most of its electricity from hydropower it owns. But drought has caused Hubei Xingfa to buy more electricity from more expensive outside sources than last year to maintain production.

Thirdly, the company's newly launched 600,000t/a DAP project has suffered losses. The project came on stream at the end of 2012, and is operated by wholly owned subsidiary Yidu Xingfa Chemical Co., Ltd. (Yidu Xingfa). Obviously, Hubei Xingfa overestimated the tendency of phosphate fertilizer market.

Hubei Xinfa's performance reflects the status of China's entire phosphorus chemical industry. While phosphorous ore business has been highly profitable in recent years, margins of the phosphorus chemical industry are getting thinner as gloominess in the downstream phosphate fertilizer market spread to the upstream phosphorus ore market. New projects face a tough time generating profitability, and the profit margin of phosphorus manufacturing firms in the entire industry is being squeezed.

Table of Contents of Phosphorus Industry China Monthly Report 1306:

Editor's Note

Headlines of Phosphorus Industry China Monthly Report 1306

Phosphorus Ore

Yuntianhua completes asset reorganization

Hubei Xingfa foresees a profit down in H1 2013

Yellow phosphorus

Yunnan publishes energy consumes across local yellow phosphorus industry

Phosphate Fertilizer

CPFIA to work out schemes for weeding out excess phosphate fertilizer capacity

Rapid appreciation of RMB to aggravate China's phosphate fertilizer export

Investment on fertilizer project went up in Q1 2013

Fine Phosphate Chemicals

Phosphorus flame retardant foresees huge growth potential

Global Insight

Saudi Arabia breaks into China's phosphate fertilizer market

Brief News

Guizhou Province to launch Technology Roadmap for local phosphorus chemicals industry

Jinchang City to construct a sulfur-phosphorus industrial park

China to make rules for stacking phosphogypsum

Supply & Demand

Market review of prime phosphate chemical in May 2013

Import & Export

International trade of phosphate chemicals in April 2013

Price Update

Price monitoring of some phosphate chemicals in May 2013

Phosphorus Industry China Monthly Report, issued by CCM on 15^th, keeps providing the latest company dynamics related to China’s phosphorus industry, and market analysis on supply and demand, import and export as well as global insight.

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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Mengniu + Danone Combine to Accelerate Yoghurt Business

On 20 May, Mengniu announced that its majority shareholder, COFCO, has signed an agreement with Danone, to form a JV named Prominent Achiever. COFCO has agreed to transfer 148,014,022 shares in Mengniu to the JV, in which COFCO and Danone will own stakes of 51% and 49% respectively. After the transaction, COFCO will continue to be the single largest shareholder in Mengniu (with a stake of 27.8%, which was 28.1% before the transaction). Danone will become a shareholder in Mengniu, owning a stake of about 4% initially, with the aim of increasing the stake in the future.

In addition, on the same day, Mengniu signed a framework agreement with Danone to establish a JV for the production, promotion, marketing and sales of yoghurt products (including the typical Danone range of yoghurt, yoghurt drinks and spoonable dairy-based desserts) in China, with the aim to reorganize and restructure their respective yoghurt business in China and developing an extensive yoghurt product portfolio. After that, Danone will own 20% and Mengniu 80% of the new JV (a separate project to Prominent Achiever). Danone will invest about a total of USD419.9 million (RMB2.6 billion) in the 2 cooperation projects which are now in the phase of getting the approval of the relevant government authorities, a process likely to take a few months.

 

The intention is that the cooperation will leverage both businesses’ advantages in marketing, management and sales channel in the dairy sector. Mengniu’s performance has been mediocre of late, possibly in part due to the management of COFCO, although product scare incidents have been the key factor. The cooperation with foreign dairy giant Danone may help COFCO redynamise the business.

The strategy should enable Danone to expand its market share in China. As a leading dairy processor, Mengniu has a powerful distribution network and its brand reputation is relatively strong in China. In 2012, according to Mengniu’s financial report, its sales of yoghurt were USD741.6 million (RMB4.6 billion), representing 0.8% y-o-y growth.

Danone has tried for years to expand its yoghurt business in China. Previous attempts at partnerships with Chinese companies such as Bright Dairy and Wahaha failed due to troubled relationships with its local partners and resulted in substantial losses. These setbacks prompted Danone to attempt to expand its business locally independently but this also foundered, with the company stopping production in its 200,000 t/yr Shanghai yoghurt plant (please see Dairy Products China News Vol.5 January Issue, p8).

Given this background, Danone has witnessed a major loss in market share in China. According to Euromonitor, its market share of yoghurt decreased sharply to 1.6% from 11.4% in 2008. At present, Danone mainly sells its yoghurt in Beijing, Shanghai and Guangzhou, but faces fierce competition from the large dairy processors in these regions, such as Bright Dairy and Yili, which performs well in the yoghurt sector.

The deal should also benefit Mengniu, helping it to build its reputation for high quality products. Mengniu is likely to achieve breakthroughs in the premium yoghurt sector with the aid of Danone’s expertise in quality and product innovation. Mengniu has been making a number of efforts to promote its dairy business through cooperation deals. In May, it increased its stake in China Modern Dairy Holdings from 1% to 28% to secure a stable, long-term premium milk supply. Last year, Arla Foods became Mengniu’s 2nd largest strategic shareholder, and a long-term strategic cooperation project was launched. Above all the company is now highly risk averse after the food scare problems which dented its sales, making it keen to increase customers’ trust in its products through the “halo effect” of foreign cooperations.

The cooperation will exert great pressure on the other yoghurt players, and the rivalry with Bright Dairy will be especially fierce. Bright Dairy leads the Chinese yoghurt market with a share reported at around 20% last year. According to Mengniu, the combined market shares of Danone and Mengniu accounted for a share of around 21% in 2012, with combined sales of about USD0.64 billion (RMB4.0 billion) in yoghurt sector. Figures from Euromonitor showed slightly lower figures, with Mengniu at 16.8% and Danone at 1.6%. Whatever the exact position, there is no doubt that the cooperation will pose a significant threat to the currently strong position of Bright Dairy.

However, the cooperation may be difficult to progress well in practice – and not simply because of the partners in this particular case. Even when such partnerships work relatively well at the beginning, one partner company will often ultimately seek control. Of course, Danone had a JV with Mengniu in 2006 which ended in failure, reportedly as a result of both sides’ attempts to seek a controlling stake. So how long the new cooperation will last remains to be seen.

The news above was sourced from Dairy Products China News, issued by CCM in May.

Table of Contents of Dairy Products China News 1305:

Interview with Changfu Dairy

Rapid Development of Milkbars

Key Processor Results for 2012

Dairy Industry Recovery Status in Q1

Trends in IMAR Highlight Key Dairy Sector Changes

Government Strengthens Raw Milk Supervision

Jiabao Dairy Launches New Yoghurt Plant

Mengniu + Danone Combine to Accelerate Yoghurt Business

Yili Proves an Active Marketer

Bright Dairy to Set Up New Farm

Gansu Launches Large-scale Dairy Farm Project

Xuelan Launches “Memory Yoghurt”

Dairy Products China News, a monthly publication issued by CCM on 30^th or 31^st, offers you the latest information on new market dynamics, company development, new products, technology, packaging and raw material supply, etc. It also focuses on the government’s direction and polices, helping you get the whole picture of the 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

New policies affect the market share of refrigerants

According to CCM’s China Fluoride Materials Monthly Report issued in June, the new policy in the air-conditioning industry may increase the market share of R410a. On June 1, 2013, the Chinese 85% after 5 years. For R410a producers, it is a good chance to generate more profit in the intense domestic market. The new air conditioner policy will promote the production of inverter air-conditioners, which will increase the market demand for R410a.

For R22 producers, however, there may be difficult times because of the new air-conditioner policy. In 2013, China's Ministry of Environmental Protection (MEP) will impose quota limits on refrigerant production in accordance with the Kyoto Protocol. Although the relevant documents have not been issued, it's estimated that the production quota of R22 is only about 300,000 tonnes in 2013. But, the current capacity for R22 in China is about 720,000t/a. Worse still, the new air-conditioner policy will reduce the market demand for R22. It is worth noting that the Chinese government has cancelled the energy saving subsidy policy since June 1, 2013. Consumers cannot obtain subsidy when they buy an energy-saving product, which means the consumers need to spend more than USD24.23 to USD40.39 to buy an air-conditioner.

According to the MEP, there is no new policy to encourage consumption. The cancellation of the subsidy policy may reduce the domestic consumption of air-conditioners, which will have a bad effect on air conditioner enterprises. Furthermore, it will reduce the market demand for refrigerants. Government issued a new standard for inverter air-conditioners, which will be formally implemented in Oct. 2013. The new standard will divide the energy level of the inverter air-conditioners into 3 from the original 5. According to the new standard, the inefficient inverter air-conditioners with an energy level of 4 and 5 will no longer be listed in sales from Oct. 2013.

The new policy will promote air conditioner enterprises to continuously upgrade their products, which may lead to a tilt of domestic air-conditioners from fixed-frequency to inverter, which means the domestic market share of difluorochloromethane (R22) will be replaced by R410a. In this way, the market demand for difluoromethane (R32) and pentafluoroethane (R125), the main raw materials of R410a, will increase. At present, the market share of inverter air-conditioners is about 46%. Furthermore, it's estimated that the proportion will rise too.

Table of Contents of China Fluoride Materials Monthly Report 1306:

MIIT releases the first batch of qualified HF enterprises

Wengfu Lantian's AHF project achieves success

Guangde County's fluorite powder projects develop quickly

Domestic market prices of most fluoride materials reduce sharply in May

New policies affect the market share of refrigerant

Domestic market price of R134a decreases continually in May 2013

Pengshui successfully signs a fluorine chemical project with Toff

Pingguo County signs an AlF3 project with Guangxi Jinsheng

3F sets up a new subsidiary company in Changshu City

Juhua obtains financing of USD290.79 million to construct its fluorine chemical projects

Do-Fluoride vigorously develops its lithium battery industry chain

Import and export analysis of fluoride chemicals in China in April 2013

China Fluoride Materials Monthly Report, a monthly publication issued by CCM on 20^th, covers the sectors on policy & legislation, company dynamic, supply & demand, price update, etc. of China’s fluoride material market. You can keep pace with the latest dynamics through its timely, complete and professional 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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Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Round-up of China’s Glyphosate Intelligence in Q1 2013

On 27^th June, 2013, CCM is going to hold a free webinar to share the latest intelligence on China’s glyphosate market in Q1 2013. Since 2011, CCM has held several webinars in relation to China’s glyphosate industry. The upcoming webinar features the following highlights

Impacts Resulted from the Cancellation of 13% Export Rebate Rate on PMIDA

After the cancellation of 13% export rebate rate on PMIDA, Chinese PMIDA manufacturers are likely to suffer higher export cost. In order to mitigate the cost pressure, they have to increase their export price. However, during the past several months, the ex-factory price and the export price of PMIDA in China have remained stable as the overseas demand for PMIDA is not quite large. Influenced by the limited overseas demand, the ex-factory price has not shown a drastic increase. The ex-factory price fluctuated between $17,000/ton and $17,700/ton in Q1 2013.  

Export Dynamics

The total A.I. volume (100% glyphosate acid equivalent) of China's exported glyphosate related products in Q1 2013 increased by 74% and 39% over Q1 2011 and Q1 2012, with the total export value up by 145% and 78% over Q1 2011 and Q1 2012 respectively.

Price Dynamics

Influenced by the financial crisis in 2008, the overseas demand for glyphosate maintained sluggish for a certain period. In addition, China’s glyphosate industry encountered overcapacity resulted from blind expansion. Under this circumstance, China’s glyphosate market entered a gloomy period from 2009–2011. During these three years, the glyphosate price was generally in a rather low level. Some middle-to-small scale glyphosate manufacturers were weeded out of the market. China’s capacity of glyphosate also dropped to about 650,000 tonnes.   

The demand for glyphosate has witnessed an uptrend since the second half year of 2012. The glyphosate price also began to increase in the second half year of 2012. At present, the glyphosate products price remains at a high level.

Company Dynamics

Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan), Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca) and Anhui Huaxing Chemical Industry Co., Ltd. (Anhui Huaxing) all achieved great operating performance in 2012, thanks to the thriving market and rising profitability of glyphosate. With the enhancing profitability of glyphosate and PMIDA business in Q1 2013, the three companies all turned loss into gain in Q1 2013.

The registration for the webinar is available now. For more information, please visit: http://www.cnchemicals.com/Event/EventDetailWebinar_44.html

Fungicide application in early rice planting in three regions of Hunan in 2012

In terms of the results of a pesticide survey lately conducted by CCM, Jingangmycin, isoprothiolane and propiconazole•difenoconazole 30% EC (Brand name: Armure) were the mainstream rice fungicides in the early rice planting of Hengyang, Yueyang and Changde of Hunan Province in 2012.

CCM has recently completed a survey of pesticide application for 2012 early rice planting in Hengyang City (Hengyang), Yueyang City (Yueyang) and Changde City (Changde) of Hunan Province. In the survey, a total of 900 farmers in these three regions were interviewed. The survey covered 69 pesticides, including 34 insecticides, 19 herbicides, 14 fungicides, 1 rodenticide and 1 molluscicide. In this issue, Fungicides China News 1305, CCM focuses on the application of fungicides in these three key rice planting regions of Hunan.

According to the survey, the market value of fungicide products was the highest in the early rice planting of Hengyang in 2012 among the three regions, amounting to about USD22.74 million (RMB140 million), accounting for 18.7% of the total (pesticides' market value in the region). Though the market value of fungicide products was the lowest in the early rice planting of Yueyang, around USD11.37 million (RMB70 million), the region's application proportion of fungicides in the total pesticides ranked No. 2, reaching 15.9%. As for Changde, the application proportion of its fungicides in early rice planting was only 15.4%, lower than those of the other two regions.

In general, the use volume of jingangmycin, one of the conventional rice fungicides, was the largest in the early rice planting of Hengyang, Yueyang and Changde of Hunan in 2012, thanks to its sound performance-to-price ratio and widespread application. It is followed by isoprothiolane, a product mainly used to control rice blast, one of the most serious rice diseases, and propiconazole•difenoconazole 30% EC (Brand name: Armure) produced by Syngenta, a world-leading crop protection company. In addition, tricyclazole, mancozeb, iprobenfos, carbendazim, kasugamycin, etc., have a certain market share in the early rice planting of the three major rice production regions of Hunan last year.

Specifically, the application of isoprothiolane was the highest in the early rice planting of Yueyang in 2012, accounting for 30.0% of the total (rice fungicides). It is particularly worth noting that in the early rice planting of Changde, jingangmycin's application proportion reached as high as 53.2% last year, far above the levels in Hengyang and Yueyang. And Armure, the most popular brand of rice fungicides, received much favorable comments from the local rice growers in Hunan, owing to its excellent prevention and control efficacy on rice diseases, especially rice sheath blight; the application proportions of this fungicide in the early rice planting of Hengyang, Yueyang and Changde in 2012 were 16.5%, 20.6% and 9.2% respectively.

As a matter of fact, most rice growers in Hengyang, Yueyang and Changde have almost no brand awareness in choosing a pesticide. Thus, only a few rice fungicide brands were mentioned in this survey, and the top three ones in terms of mentioned times in the survey were Armure, Nativo (trifloxystrobin•tebuconazole 75% WDG) and Horizon (tebuconazole 430g/L SC). The latter two belong to Bayer, one of the well-known multinational companies. Worse still, many farmers in Hengyang, Yueyang and Changde know little about preventing and controlling rice diseases by good rice fungicide brands from domestic agrochemical companies.

Hunan is one of the major rice producing provinces in China, with a large market for rice fungicides. To capture more market shares, not only multinational companies but also domestic agrochemical ones need to continuously strengthen the training of fungicide-using level for the local farmers and help them build a good brand awareness.

China's PHA industry enters new stage of development

Metabolix, a bioscience company focused on delivering sustainable solutions for plastics, chemicals and energy, announced on March 26, 2013 that it has signed a distribution agreement with Tianjin GreenBio Materials Co., Ltd. (GreenBio). Under the terms of the agreement, Metabolix will distribute GreenBio's SoGreen™ heat shrink film in Europe and will be the exclusive distributor in America. In addition, they have also signed a supply agreement for PHA biopolymers, according to CCM’s latest monthly report, Biomaterials China News issued in June.

According to Bob Engle, the vice president of the business & commerce department of Metabolix, the distribution and PHA supply agreements will extend the range and availability of Metabolix's PHA products. Lu Weichuan, chairman and chief executive officer of GreenBio, said that working with Metabolix can gain greater exposure for GreenBio's products in America and Europe. The cooperation between GreenBio and Metabolix will be an encouragement for the domestic PHA industry, indicating that China's PHA industry enters a new stage of development.

Actually, China is a leader in the research and commercial production of PHA in the world. According to the secretary general of Shenzhen Plastics Industry Association, PHA is a general name of polyhydroxyalkanoates materials, and there have been four generations for industrial PHA products at present. A representative product of the first generation is PHB homopolymer, and the brittleness limits the large-scale use of this product. In order to improve the processing ability of PHA, other generations of PHA have been developed, such as PHBV, PHBHHX and P34HB.

At present, domestic major institutes involved in the development of PHA include Tsinghua University, Institute of Microbiology, Chinese Academy of Sciences (CAS), Changchun Institute of Applied Chemistry, CAS, and Shantou University. The major companies engaged in industrial production of PHA include GreenBio, TianAn Biologic Materials Co., Ltd. (TianAn Bio), Shandong Ecomann Technology Co., Ltd. (Ecomann) and Shandong Lukang Pharmaceutical Co., Ltd. (Lukang Pharmaceutical). These institutes and companies have cooperated with each other in recent years to achieve significant improvement in the PHA industry. The above-mentioned companies have put several production lines into operation, but currently they are cautious toward the PHA capacity expansion.

It's believed that three factors may prompt the biodegradable PHA plastics to be gradually accepted by consumers. Firstly, the production cost of PHA plastics is close to that of petroleum-based plastics. Generally, the cost of bio-degradable plastics is several times higher than that of general plastics, but now the technological improvement helps cut the cost of bio-degradable plastics. Secondly, the properties of some PHA plastics are similar to those of the general PP and PE, such as Ecomann's P34HB plastics. Besides, there are more than 150 kinds of PHA monomers which can be used to produce various kinds of plastics, meeting special demands for elasticity and plasticity, so the application scope of PHA plastics is nearly as wide as that of general plastics. Thirdly, the people's awareness of environmental protection improves, helping increase domestic demand for biodegradable materials, such as agricultural film which can be degradable in the soil. It's reported that Ecomann's PHA agricultural film and pesticide packaging have been promoted in Jining, Shandong Province with the help of local government in the first half of 2013.

PHA is mainly used to produce tableware, lunch box, pharmaceutical packaging and agricultural film. Currently, domestic consumption volume of PHA is about 3,000t/a, while domestic PHA capacity is about 22,000t/a. In this context, the cooperation between domestic PHA producers and foreign companies will help promote the large-scale application of PHA products and accelerate the development of the domestic PHA industry.

Table of Contents of Biomaterials China News 1306:

China's PHA industry enters new stage of development

A breakthrough in China's bamboo fiber industry in May 2013

China's PAM industry faces disorder competition in 2012

Latest development of China's PLA industry in 2013

YFY Yangzhou's straw-based paper passes biodegradation test

Arkema successfully launches bio-based nylon 1010

Sichuan Vinylon launches PVA derivatives

The first phase of Jinhui Groups's PBS program enters pilot production

China's natural rubber price decreases sharply since Feb. 2013

Castor oil price may remain low in the next three months

China's import volume of fresh cassava decreases sharply in April 2013

China's PLA foreign trade improves in April 2013

A bio-based materials lab founded in Qingdao

Junxiu Biotech develops biodegradable artificial nerve material

CHINAPLAS 2013 held in Guangzhou from May 20 to May 23

Hainan and Guangdong jointly establish Bio-plastics Industry Alliance

Myriant achieves commercial production of bio-based succinic acid

Biomaterials China News, with 12 to 14 topics in one issue, published by CCM on 8^th every month, will bring you the latest information on the market dynamics, company dynamics, new biomaterials products, new biomaterials technology development, new legislations as well as policies and raw material supply dynamics, which are shaping the significant market intelligence of the 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

CCM’s webinar: The latest intelligence on China’s glyphosate market, Q1 2013

Glyphosate enjoys the largest production and consumption in herbicide industry in the world, and it also has the strongest vitality in pesticide industry in the world. The Herbicide Development and Application Exchange Meeting (Exchange Meeting) was held on 22-24 March 2013 in Hefei City, Anhui Province. Many weed experts in the Exchange Meeting believe that mixed glyphosate formulation is expected to be the mainstream glyphosate formulation in China in the coming years, while some glyphosate manufacturers have foreseen that mixed glyphosate formulations will take up more and more market shares. CCM, a well-respected consulting company focusing on chemical and related industries in China, launched a unique research report—World Outlook of Glyphosate 2012–2016, in which global glyphosate demand is estimated to be over 770,000 tonnes in 2016 with a CAGR of about 4.37% during 2012–2016. Another research Glyphosate export analysis will offer the target products’ export price, exporters, manufacturers and source/destination countries.

In March 2013 China held the two sessions, through which a new national leadership has been elected, and then in May 2013 the local government officials are generally reappointed. In the next one or two years, the new Chinese government or the glyphosate industry is likely to develop new institutions and issue new policies. What kind of new policies will the Government Issue? How will the new policies impact China’s glyphosate market? What are the dynamics and situation of the listed glyphosate companies in China? How about the export situation of China’s glyphosate products? CCM will hold the webinar The latest intelligence on China’s glyphosate market, Q1 2013 on 27^th June 2013 to share with you the relevant policy, price trend, export dynamics, key companies' performance, future trend forecasts in the glyphosate industry in China. Welcome to join us!

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