Glyphosate China Monthly Report 1602 (12 issues per year)
LONDON, March 9, 2016 /PRNewswire/ -- China's glyphosate market is still in bad shape in Feb. 2016. It remains unclear that when the glyphosate price will rebound. As the CAC 2016 is coming (March), glyphosate manufacturers hope that the price will be stabilized. According to the import & export analysis from CCM, the export volume, export price and export value of glyphosate all recorded degrees to some extent in year 2015. Particularly, the export price and export value reported large YoY declines.
Since glufosinate-ammonium is an ideal substitute that can solve the glyphosate resistance problem, it is strongly concerned by industry insiders. On the first Seminar on Glufosinate-ammonium Technology and Market of China held in Jan. in Shanghai, many pesticide experts from Shanghai Pesticide Research Institute, Hebei Veyong, Jiangsu Sevencontinent, Shandong Luba and so on air their views on the development prospect of China's glufosinate-ammonium industry.
Zhejiang Wynca plans to improve its technological level based on the relocation of Bainanshan Production Base. The relocation is expected to bring good economic benefit to Zhejiang Wynca.
In 2014, Weifang Rainbow's pesticide revenue of USD469.46 million granted the company to be ranked fourth out of the top-100 pesticide enterprises in China. Moreover, six shareholders of the company plan to transfer, in late-Jan. 201 6, its property right through the New Third Board.
In Feb. 2015, China's glyphosate industry is still in bad shape. Some manufacturers are still worried about the large inventory and capacity in the domestic industry.
The first Seminar on Glufosinate-ammonium Technology and Market of China was held in Shanghai on 19-20 Jan., 2016, on which many domestic experts in the pesticide industry aired their views on the future development of the glufosinate-ammonium industry.
The CAC 2016 Conference Week will be held by CCPIT Sub-council of Chemical Industry in Shanghai in 8-10 March, 2016. The details about the report topics and the guest speakers will be timely presented in this article.
ChemChina announced on 3 Feb., 2016 the plan of buying out Syngenta with USD43 billion and, shall it success, that would represent the biggest overseas acquisition that Chinese enterprises ever did. Wang Jianwo, Secretary General of the Pesticide IndustryAssociation of Hunan Province, stated that this practice is in reality a bet ChemChina made on the chance that the Chinese government would soon ease the limit on GM crops.
Compared to the first second of Jan. 2016, the ex-works price of glyphosate TC remained stable in the first half of Feb. 2016. It is disclosed that the price would remain at the bottom and may drop slightly before the CAC 201 6 held in Shanghai.
In 2015, the export volume of glyphosate TC and glyphosate formulations recorded YoY drops of 6.07% and 8.79% respectively in China.
In Dec. 2015, the export volume of glyphosate TC and glyphosate formulations recorded MoM rises of 8.45% and 43.51 % respectively in China.
The MOA announced the plans for the 2016 pesticide industry, in which mainly includes that the Chinese government will take indepth actions to develop the zero growth in the consumption of pesticides, scientifically propel the legislation in its pesticide industry and encourage the administration in the pesticide industry according to the law.
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