China is currently the largest glyphosate supplier in the world, with low production costs anda good chemical production foundation. The dynamics of China's glyphosate greatly impact the global supply structure. Over 80% of theglyphosate produced in China is exported to more than 20 destinationsworldwide. Despite its large output and capacity, China's glyphosate industry has many shortcomings, includingovercapacity, dispersed production, few overseas registrations, poor environmental protection awareness, lack of governmental supervision, inefficient production technology, etc. Changes in China's glyphosate industry have not only been considerable, but also frequent, puzzling both outsiders and insiders,ignoring where to go next. That's because the influencing factors are many and changing frequently, thus making it highly necessary for timely update and close follow-up of the dynamics in this industry. The Glyphosate China Monthly Report brings you the latest information and in-depth analysis on market trends, supply and procurement opportunities in raw materials and intermediates, technology process, price updates, new policies and company dynamic, etc.
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Main Content of Glyphosate China Monthly Report 1306 (continually update)
Glyphosate technical price decreases slightly in June 2013Published at 2013/06/20
Glyphosate technical price decreases slightly in June 2013.
China's glyphosate companies actively expand overseas businessPublished at 2013/06/20
Given that the overseas market has become more and more important and operating in diversification can make the income diversified, some China's glyphosate companies have actively expanded the overseas glyphosate market and other overseas business. These glyphosate companies include Nantong Jiangshan, Zhejiang Wynca, Sichuan Fuhua, etc.
Hengyang Roymaster's Jinyan Chemical Plant is ordered to rectify for environmental illegalityPublished at 2013/06/20
Hengyang Roymaster's Jinyan Chemical Plant was ordered to shut down and rectify for environmental illegality on 24 May, 2013, and the rectification was ordered to be completed before the end of Nov. 2013, meaning that it will be hard for Hengyang Roymaster to resume its 12,000t/a glyphosate production line before that time.
Result of glyphosate use survey for 2012 late rice planting in Hunan provincePublished at 2013/06/20
In order to establish key market indicators for China's rice industry, CCM carried out a survey concerning rice planting in Hunan Province's Changde, Yueyang and Hengyang since Dec. 2012, showing that glyphosate is one of the most important herbicides for weeding in these three districts in 2012.
The export volume of glyphosate technical decreases 14.31% in April 2013 Published at 2013/06/14
The export volume of glyphosate technical decreases 14.31% in April 2013.
Glyphosate ammonium salt is the mainstream registration in May 2013Published at 2013/06/14
Among the 19 glyphosate product registrations in May 2013 the registration of glyphosate ammonium salt accounted for about 50% of the total, which implies that glyphosate ammonium salt was still the mainstream registration in May 2013.
Air pollutant emission standard for pesticide industry to be released by the end of 2014Published at 2013/06/14
China's Ministry of Environmental Protection claimed in April 2013 that it will release Air Pollutant Emission Standard for Pesticide Industry by the end of 2014, thus the glyphosate manufacturers in China will have a targeted air pollutant emission standard.
Nantong Jiangshan issues short-term financing bondPublished at 2013/06/06
For the sake of repaying its short-term loan, Nantong Jiangshan issued the first phase of short-term financing bond of 2013 and received the financing bond's total amount of USD57.16 million (RMB350 million) on 22 May,2013. On 21 May, 2013, China's Ministry of Environmental Protection released a document——Notice Regarding the Environmental Protection Inspection against Glyphosate (PMIDA) Manufacturers, and the inspection will last to 2015, meaning that environmental protection inspection storm will keep attacking glyphosate industry for about 2 years and 6 months.
Anhui Huaxing accomplishes non-public issuing stock planPublished at 2013/06/06
Anhui Huaxing claimed that it has completed the deal with CEFC Shanghai that CEFC Shanghai acquired the additional non-public shares issued by Anhui Huaxing with total investment of about USD314.76 million (RMB1,931.02 million), and thus CEFC Shanghai becomes the controlling shareholder of Anhui Huaxing with total shock proportion of 60.78%.
Result of glyphosate use survey for 2012 late rice planting in Hunan provincePublished at 2013/05/30
In order to establish key market indicators for China's rice industry, CCM carried out a survey concerning rice planting in Hunan Province's Changde, Yueyang and Hengyang since Dec. 2012, showing that glyphosate is one of the most important herbicides for weeding in these three districts in 2012.
Environmental protection inspection storm to attack glyphosate industryPublished at 2013/05/30