Glyphsoate China Monthly Report 1303

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Glyphsoate China Monthly Report 1303
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Editor Notes

Chinese National People's Congress and Chinese People's Political Consultative Conference were hold on 3-17 March, 2013, when China's new leaders were birthed, meaning that many new reforms may appear in some industries in China including chemical industry in the next few months.

The 14th CAC held in Shanghai on 26-28 March 2012 raised overseas procurement enthusiasm, and some of the China's glyphosate manufacturers claimed that they still have enough orders and they can't receive new orders at present.

The strong demand contributes to the slight price increase of glyphosate related products in mid-March 2013, will this situation continue in late March 2013 and mid-April 2013?

Headline

Anhui Huaxing Chemical Industry Co., Ltd. announced a flash report about its operating performance in 2012, showing that its operating profit was about USD17.01 million (RMB106 million) in 2012, up by 218.39% over 2011.

Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. released an announcement about the second "Capital and share increase" plan of its affiliated company—Nantong Dongchang Chemical Co., Ltd., showing that Dongchang Chemical had successfully introduced a new investor with an investment of about USD8.87 million, and Nantong Jiangshan was degraded from the second biggest shareholder of Dongchang Chemical to the third biggest shareholder after the deal, with its equity proportion down to 30.078% from 46.640%.

Nufarm Limited released an announcement, claiming that its exclusive distribution right for Roundup branded glyphosate in Australia and New Zealand are to be terminated on 28 Aug., 2013, and Sinochem Group, a Chinese company, will take over the exclusive distribution right of Roundup branded glyphosate in Australia and New Zealand.

International Service for the Acquisition of Agribiotech Applications released its updated Global Status of Commercialized Biotech/GM Crops 2012 report, showing that global's planting area of GM crops set the new record of 170.3 million hectares in 2012, and Brazil maintaining the largest growth rate in planting area of GM crops globally in 2012.

According to a record from the China's State Administration of Taxation updated on 20 Feb., 2013, PMIDA's 13% export tax rebate rate has been cancelled since 1 Jan., 2013, meaning that China's exported PMIDA will no longer enjoy the rebate, which will increase PMIDA's export cost and further reduce PMIDA's export volume.

After the depressed glyphosate market since 2009, some glyphosate manufacturers withdrawn from market, which increased the industrial concentration of China's glyphosate to a great extent in 2012. In the meantime, export share competition between China's top seven glyphosate manufacturers didn't show the signs of easing, but instead it remain fierce in 2012.

The promulgation of No. 1558 Decree greatly affected the research dynamic of glyphosate industry in China, and the number of both the glyphosate companies who carry out the research about glyphosate wastewater treatment techniques and the researches about glyphosate wastewater treatment techniques being applied to patent rises.

There is only one glyphosate registration in China in Feb. 2013, namely mixed glyphosate formulation—glyphosate·triclopyr SP (registration No. LS20130040), which contains 50% of glyphosate and 10% of triclopyr.

Glyphosate prices rise slightly in March 2013.

Export volume of glyphosate formulations increase by 30.72% in Jan. 2013.

Companies Mentioned

Zhejiang Wynca; Nantong Jiangshan; Anhui Huaxing;Sichaun Fuhua;Jiangsu Yangnong;Zhejiang Jinfanda;Jiangsu Good Harvest-Weien; Monsanto;Nufarm;Shandong Weifang Rainbow;Sinochem Group

Anhui Huaxing's operating profit surges in 2012

Nantong Jiangshan's equity proportion of Dongchang Chemical decreases again

Nufarm loses its exclusive distribution right for Roundup branded glyphosate in Australia and New Zealand

Global's GM crop planting area records 170.3 million hectares in 2012

China cancels PMIDA's export tax rebate

The intense competition in China's mainstream glyphosate export producers continues in 2012

Glyphosate industry research dynamics subsequent to the promulgation of No. 1558 Decree

Lier Chemical successfully registers glyphosate•triclopyr in Feb. 2013

Glyphosate prices rise slightly in March 2013

Export volume of glyphosate formulations increase by 30.72% in Jan. 2013

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Pesticide Industry: Glyphsoate China Monthly Report 1303

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