Glyphosate China Monthly Report
- ID: 2818695
- November 2015
- Region: China
- 30 Pages
- CCM Information
China is currently the largest glyphosate supplier in the world, with low production costs and a good chemical production foundation. The dynamics of China's glyphosate greatly impact the global supply structure. Over 80% of the glyphosate produced in China is exported to more than 20 destinations worldwide. Despite its large output and capacity, China's glyphosate industry has many shortcomings, including overcapacity, 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:
- In-depth analysis on market trends,
- Supply and procurement opportunities in raw materials and intermediates,
- Technology process,
- Price updates,
- New policies
- Company dynamic
This report will be updated monthly. It is an electronic journal and you can access it online to get real-time, comprehensive and accurate market intelligence to assist you in strategy making.
Issue 1. Lier Chemical newly adds 1,000 t/a production capacity of glufosinate-ammonium
Issue 2. Sichuan Hebang to acquire Stockton Group’s 51 % equity with investment of USD90 million
Issue 3. Jiangsu Huifeng plans to invest USD43.99 million in Shijiazhuang Ruikai
Issue 4. Summary of China prices of glyphosate and related products in H1 2011 - H1 2015
Issue 5. China’s listed glyphosate enterprises respond to plummeting stock prices
Issue 6. Shandong Luba to put paraquat SG with QR code on market
Issue 7. Review on glyphosate registrations in China, H1 2015
Issue 8. Introduction to production technologies of two glyphosate mixed formulations
Issue 9. Introduction of producing 30% glyphosate AS by glyphosate mother liquor
Issue 10. Introduction to preparation method and application of EPSP synthase gene from Rhizobium leguminosarum
Issue 11. Ex-works price of glyphosate technical decreases by 7.54% in July 2015 month on month
Issue 12. Export volume of glyphosate technical decreases by 18.63% month on month in May 2015
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.