Glyphosate China Monthly Report
- ID: 2818695
- March 2014
- Region: China
- 31 Pages
- CCM Information
In March 2014, price of glyphosate technical and glyphosate formulations continues the rising trend even though it increases slightly. The first batch of companies that passed the environmental protection verification was not issued yet by China's Ministry of Environmental Protection as of 24th March.
Market feedback assumed that the first batch of companies is less than 10, which means environmental protection verification in 2014 will not less strict than the previous year if it is true. Presently, glyphosate keeps in great demand both at home and abroad, while glyphosate industry stays in low operation rate. Is that possible for price of glyphosate rising continually in April 2014? If so, will it achieves a two-digit growth rate?
Profitability Analysis of Nantong Jiangshan in 2013
Solvency Analysis of Nantong Jiangshan in 2013
Operating ability analysis of Nantong Jiangshan in 2013
Monsanto's total net sales rise by 7% in the first quarter of fiscal year 2014
Nufarm's first half result announcement of the fiscal year 2014
Overview of glyphosate export in 2013
Glyphosate market analysis in 2014
Organophosphate Pesticides Industrial Pollutants Discharge Standard hard to release in 2014, part 1
Organophosphate Pesticides Industrial Pollutants Discharge Standard hard to release in 2014, part 2
Ex-works price of glyphosate technical in March. 2014 slightly increases MoM
Export volume of glyphosate formulations in Jan. 2014 up 69.10% MoM
Executive summary of Global Status of Commercialized Biotech/GM Crops: 2013, part 1
Anhui Huaxing's original actual controlling shareholders reduces 13.35 million shares
Zhejiang Jinfanda case reported by Rule of Law Online on CCTV news channel
China glycine market in the first week of March 2014
China DEA market in the first week of March 2014
China IDAN market in the first week of March 2014
China phosphorus trichloride market in the first week of March 2014
China isopropylamine market in the first week of March 2014
China paraformaldehyde market in the first week of March 2014
China chloromethane market in the first week of March 2014
China methylal market in the first week of March 2014
Favorable development of glyphosate business played a significant role in Nantong Jiangshan's great performance in 2013. Revenue of Nantong Jiangshan's glyphosate business reached USD305.84 million (RMB1,872 million) with a growth rate of 21% YoY, its gross profit took up 30.4% of the revenue, rise by 19.96% YoY.
As of 31 Dec., 2013, Nantong Jiangshan's asset-liability ratio, current ratio and fast ratio was 63.02%, 46.61% and 21.90% separately. On balance, solvency of Nantong Jiangshan was enhanced in 2013.
In a whole, operating ability of Nantong Jiangshan kept stable in 2013. Its total asset turnover was raised by 7.82%. Its days of account receivable turnover reduced 2.27 days, while the days of inventory turnover added 9.25 days.
Due to the excellent operating performance of agrochemical products in Q1 2014 (the first quarter of fiscal year 2014), Monsanto's Q1 2014 total net sales up by 7% over that in Q1 2013 with a growth net profit rate of 9%.
Nufarm is about to issue its first half result announcement of fiscal year 2014 on 26 Mar., 2014. According to the statement in the announcement, management remains confident that, despite the challenging conditions in Australia, the company will generate earnings growth over the full year.
Contributed by the high export growth of glyphosate technical and formulations, China's export volume of glyphosate A.I. witnessed a big increase in 2013, up by about 24% YoY.
In 2014, glyphosate capacity still in expansion and environmental protection supervision of the industry was strict as before in China. Along with increasing global demands of glyphosate, favorable market situation of 2013 may continue in 2014.
Organophosphate Pesticides Industrial Pollutants Discharge Standard (the Standard) has experienced public opinions and modification twice so far. However, the formal version of this Standard still hasn't been promulgated up to now, mainly because of four factors. This article presents the first two factors.
Organophosphate Pesticides Industrial Pollutants Discharge Standard (the Standard) has experienced public opinions and modification twice so far. However, the formal version of this Standard still hasn't been promulgated up to now, mainly because of four factors. This article presents last two factors.
Generally, there is no much change in the average ex-works prices of glyphosate products in late Feb. 2014 and early March 2014. Compared with Feb. 2014, the ex-works price of glyphosate technical increased by 3.16% in March 2014, and that of glyphosate formulations increased to different degrees.
Compared with Dec. 2013, the export prices of glyphosate technical, glyphosate formulations and PMIDA all decreased in Jan. 2014, down by 1.49%, 1.13% and 6.38% respectively. PMIDA dropped the most among them. While the export volume of glyphosate technical and glyphosate formulations increased by about 16.42% and 69.10% respectively.
According to the data of ISAAA,a record 175.2 million hectares of biotech crops were grown globally in 2013, at an annual growth rate of 3%, up 5 million from 170 million hectares in 2012. American, Brazil and Argentina still rank top 3 countries with the largest biotech crop growing area. While China ranks the sixth place with 4.2 million hectares of biotech crop growing area.