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Welcome to March issue of Herbicides China News published by CCM International, a professional consulting company who has been extensively and intently focusing on dynamics of China's herbicide industry.
In this issue, three outstanding key words draw our attention, they are 2,4-D, price uptrend and business performance. Around these three words, Chinese agrochemical manufacturers achieved aggressive behaviors in March.
At first, several 2,4-D capacity constructions make it apparent that what draws manufacturers' current interests. Supported by GM technology, 2,4-D is becoming popular now. Of course, 2,4-D has large potential to be future hot herbicide, but sensible achievement is still necessary.
Especially in the situation of increasing material prices, Chinese agrochemical pursuers should map out smart market strategy but not only lift product price. In fact, current Chinese herbicides witness price uptrend, which is also partially attributed to the vigorous market demand.
With good market conditions, Lier Chemical and Nantong Jiangshan issued their 2010 annual reports. Although their behaviors were not so remarkable as expected, the companies' earning inspired us. Subsequently, more and more companies will issue their 2010 performance in coming months. Pleasantly, we are waiting for their good news and hope Chinese herbicide boosts again.
NantongJiangshan's net profit increased to USD4.7 million in 2010 from USD-11.9 million in 2009.
Lier Chemical rose by 12.96% year on year in revenue to USD67.73 million in 2010 but tumbled by 29.08% year on year in net profit to USD10.9 million meanwhile.
Nanjing Redsun sold Jiangsu Zhongbang's 47.92% share to alleviate weak performance in 2010.
Hubei Sanonda will offer a loan to Jingzhou Hongxiang for 10,000t/a pyridine base construction.
Jiangsu Changqing's fomesafen production line runs stably now.
Jiangsu Tianrong is still undergoing the whole relocation at present.
Total export quantity of 2,4-D in China witnessed a slight drop but export price kept ascending in the first ten months of 2010.
Sulcotrione is threatened by mesotrione which owns broader control spectrum, sharper activity and low market price.
Nanjing Redsun has been enhancing its pyridine-pesticide chain in recent years.
Jiangsu Huifeng prepares a 1,000t/a clethodim production line to enrich herbicides product mix.
Hubei Sanonda prepares a 20,000t/a 2,4-D project currently.
Chongqing Huage is establishing an intermediate production base in Wanzhou.
The price of yellow phosphorous in China still stays at high level of about USD2,200/t currently.
The prices of main herbicides in China witness slight uptrend currently.
Fluoroglycofen-ethyl is not popular in China.
Nantong Jiangshan overturns deficit in 2010
Lier Chemical in 2010: Revenue up but net profit down
Nanjing Redsun sells holding share of Jiangsu Zhongbang
Hubei Sanonda offers financial aid to Jingzhou Hongxiang
Jiangsu Changqing's 2,400t/a fomesafen production line runs smoothly
Jiangsu Tianrong undergoing the whole relocation
2,4-D export in the first ten months of 2010
Sulcotrione threatened by mesotrione
Nanjing Redsun enhances pyridine-pesticide chain
Jiangsu Huifeng prepares 1,000t/a clethodim capacity
Hubei Sanonda to pursue 2,4-D
Chongqing Huage establishes intermediate production base in Wanzhou
Yellow phosphorous price stays at high level
Herbicide witnesses slight price uptrend in China
Fluoroglycofen develops slowly in China
Nantong Jiangshan, Lier Chemical, Nanjing Redsun, Hubei Sanonda, Jiangsu Changqing, Jiangsu Tianrong, Jiangsu Huifeng, Chongqing Huage
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