Insecticides China News 1603
LONDON, April 26, 2016 /PRNewswire/ -- On 9-11 March, the CAC 2016 was held in Shanghai. Besides the traditional product display and business discussion, related issues about the 2016 CAC Conference Week (one of the important segments) showed up during the exhibition. On the forums concerning agriculture, the non-agricultural pesticides and seed treatments were one of focuses for industry insiders.
Expert pointed out that the expansion of non-agricultural pesticide field becomes the new profit growth point of the pesticide industry. The non-agricultural pesticides are of stable development, wide application and environmentally friendly and are involving many domains. What's more, developing non-agricultural pesticides can effectively avoid the homogenized competition and help increase pesticide enterprises' added value.
It is introduced that there are 3,776 registered non-agricultural pesticides now, 60.9% of which are applied in families and environmental hygiene. Also, many of them are registered for forestry, uncultivated land and storage & preservation. The major registrants are Nantong Gongcheng Fine Chemical Co., Ltd., Chengdu Rainbow Electric Appliance Co., Ltd. and so on (main formulations: AE and MC).
Regarding the seed treatments, industry insiders considered that its development helped explore new area of the pesticide market, avoiding homogeneous competition. In recent years, the application of seed treatments is gradually expanded to vegetables, coarse cereals, minor crops and lawn.
Insecticides China News will pay close attention to the information of non-agricultural pesticides and seed treatments especially the dynamics about insecticide active ingredient being used for non-agricultural pesticides and the use of seed treatments.On 1 March, 2016, Hunan Haili released its 2015 financial report, showing that it's revenue from pesticides and fine chemicals accounted for 95.06% of the total revenue. In detail, revenue from above two main businesses both recorded YoY drops while gross profit margins recorded YoY rises.
According to the full-year 2015 financial report released by FlagChem, its total revenue in this year were up by 6.42% over 2014. And herbicide and insecticide are its two major businesses. In year 2015, Bayer CropScience and Dow AgroSciences were the top two big clients of FlagChem as the sales to these two multinationals accounted for 33.49% of the company's total revenue.
Nantong Jiangshan plans to acquire most of equities in Jiangsu Changlong and Changlong Agrochemicals. The ownership change will inject fresh strength into these two companies especially in environmental protection and management segments. What's more, that Nantong Jiangshan acquires them at low price can fully utilize their advantages to help itself develop further.
Jiangsu Yangnong released, on 15 March, 2016, its 2015 financial report, which showed that it recorded a YoY rise of 10.41% in total revenue. Thereinto, the increasing revenue of its major product insecticide was one the major reasons for the improving total revenue.
According to CCM research, China's price of methomyl TC in March 2016 still remains at a low level. Even though the busy season of 2016 to use insecticides is coming day by day, there haven't been any favorable factors seen to revitalize the depressed market. It is estimated that the methomyl market is not going well in later period.
In mid-March 2016, the ICAMA announced that with the launch of spring ploughing, China's pesticide market began to recover in Feb. 2016.
In 2015, China's export volume of imidacloprid technical increased slightly year on year while the export value fell significantly.
On 8 March, 2016, the ICAMA reported China's imports and exports of pesticides in 2015. The report showed that China's imports and exports of pesticides in 2015 were very unsatisfactory with drops in both volumes and values for the first time in the last five years.
According to data from the ICAMA, since Aug. 2015, China has approved 8 etoxazole registrations, accounting for 73% of etoxazole's total registration approvals in China. In addition, as of mid-March 2016, China's approvals for field testing applications of etoxazole pesticides have added up to 160. These show that registration of etoxazole has aroused general interest among Chinese companies.
In Feb. 2016, China approved 15 new insecticide technical registrations (excluding renewal registrations), covering 12 active ingredients, according to data from the ICAMA.
2015 was a year of opportunities as well as challenges to the pesticide industry. The constant improvement of relevant policies, laws and regulations has an significant influence on the industry: guiding the industry to achieve normative, sound and sustainable development. Hereby CCM has gathered excerpts of the policies and drafts for comment closely related to pesticide formulations in 2015 for your reference.
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