Glyphosate China Monthly Report

  • ID: 2818695
  • Newsletter
  • Region: China
  • 32 Pages
  • CCM Information
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Glyphosate China Monthly Report provides you with real-time intelligence on China’s glyphosate market.

It is a monthly published newsletter, which can be downloaded in PDF format. The subscription period is yearly, grants the subscriber 12 issues in total.

China is the world’s largest producer of glyphosate, with 80% of the glyphosate produced in China being exported. Glyphosate is also still by far the most popular herbicide among Chinese farmers.

However, the industry is facing a number of serious long-term challenges. Increasing crop resistance threatens to make glyphosate less attractive to farmers, while research linking the product to cancer could lead to several key export markets banning the product altogether. Meanwhile, Chinese producers are struggling to comply with tough new environmental regulations and cope with severe industry overcapacity.

Glyphosate China Monthly Report will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire glyphosate industry chain, from raw materials to end consumption.

This includes:
  • Breaking news from China and abroad
  • The latest market data, including price information for glycine, PMIDA, IDAN, paraformaldehyde, yellow phosphorus, and other raw materials and intermediates, import/export data, production, consumption, operating rates, etc.
  • In-depth analysis of market trends, Chinese government policy, the performance of leading Chinese producers, M&A, new technologies, threats from possible substitutes, and more
  • Expert commentary from industry insiders, including regular guest articles and interviews with insiders at leading Chinese manufacturers, associations and government organizations
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Column 1 Market Analysis
Analysis of herbicide TC prices in China in 2017
China's pesticide industry enters QR code era in 2018
Review and outlook of Chinese pesticide technical market

Column 2 Company Dynamics
Shandong Cynda actively expands international markets
Huizhou Sino-quick to focus on glufosinate-ammonium formulations market
Hebei Xingbai to realise practical production of monosulfuron and monosulfuron ester
Limin Chemical plans to vigorously develop herbicide business

Column 3 Paraquat and Pyridine
Pyridine base capacity expected to rise sharply in 2018
Paraquat TC prices remain stable in first half of Jan. 2018
Pyridine prices continue falling in first half of Jan. 2018

Column 4 Import and Export Analysis
China's export volume of dicamba TC up 140.90% YoY in Jan.–Nov. 2017

Column 5 Registration
Thirty new herbicide TC registrations in China in Dec. 2017

Column 6 Policy
ICAMA issues Effect Testing Criterion of Pesticides Registered for Field Crops (Exposure Draft)
ICAMA: two agricultural industry standards pass expert review and approval

Column 7 News in Brief
Shandong brings China's first pesticide regulation chart online
Zhejiang Wynca expands agricultural service business
Red Sun Group plans to make diquat a dark horse in sterilant herbicide market
Lier Chemical predicts net profit up by 93.01% YoY in 2017
Atrazine TC prices keep rising in first half of Jan. 2018
Diuron TC supply maintains tight in Jan. 2018

Column 8 Price Monitoring
Ex-works prices of key herbicide raw materials in China, 8 Jan., 2018
Ex-works prices of main herbicides in China, 8 Jan., 2018
Shanghai Port prices of main herbicides in China, 8 Jan., 2018
FOB Shanghai prices of main herbicides in China, 8 Jan., 2018
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Chinese enterprises bear great environmental pressure.

In 201 7, China's pesticide industry continues bearing great environmental pressure. Although the market got recovered as a whole which resulted in rising sales of pesticide enterprises, environmental inspections were still the problem enterprises cannot get rid of. Thanks to the inspections, enterprises' environmental awareness gradually improves, but they also reflected that they had input a large sum in environmental protection, and felt very stressful.

Some of them even suspended production with substandard environmental equipment. Compared to common enterprise, listed enterprises felt more stressed. On one hand, they receive more public attention. On the other hand, they have high self-expectation for themselves. In the A-share market, financial performance and environmental issue are both important, and therefore, the government will take stricter inspection. It is predicted that some smalland medium-sized companies that unable to afford environmental facility upgrading will be eliminated in the coming one to two years.

As it is mentioned above, listed pesticide enterprises urgently need to solve their environmental problems, despite sales growth. This year, the Ministry of Environmental Protection of the People's Republic of China (MEP) inspected Anhui Province. As a result, Anhui Guangxin Agrochemical Co., Ltd. (Guangxin Agrochemical) suspended production for many times for self-inspection, although its environmental equipment is up to standard. According to Guangxin Agrochemical's financial report, in Q1-Q3, its revenue and net profit reached USD275.48 million (RMB1 .82 billion) and USD43.29 million (RMB286 million), up 61 % and 96% YoY (year on year), mainly thanks to rising prices of main products and expanded sales scale. Specifically, its herbicide and glyphosate are biggest contributors. However, Guangxin Agrochemical's waste water disposal ability was frequently debated. Due to low synthetic ratio of pesticides, other raw materials, intermediates and by-products from production process will be discharged as three wastes, especially waste water. Hence, waste water disposal ability is very crucial for a pesticide enterprise.

Before this, the MEP, China Securities Regulatory Commission (CSRC) and other departments issued various environmental regulations on listed companies. Negative impact from environmental issues is more obvious on the enterprises going to make Initial Public Offerings (IPO). In addition, those who seriously violate environmental requirements cannot sell stock to the public during reorganisation. In July 2016, the CSRC again set rules about IPO approval - if a company violates environmental laws/administrative laws and regulations in the last 36 months, and receives administrative or criminal penalties, it had not issue share to the public. What's worse, the information disclosure guidelines in the company prospectus and intermediary agency's practicing rules also require the company to disclose its environmental issue, related measures taken and financial input. It is known that the CSRC continues strengthening supervision on environmental information disclosure of listed enterprises.

Large listed enterprises and state-owned enterprises are able to meet requirements but small- and medium-sized enterprises will be seriously affected because they cannot afford environmental facility upgrading. For the long run, intruding new technologies and utilising resources comprehensively are a way out for development. In these ways, enterprises will only improve product competitiveness and profitability, but also can avoid risks of being suspended or shut down. When environmental inspection becomes a new normal, many pesticide enterprises increase inputs and launch transformation and upgrading to survive.
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  • Anhui Huaxing Chemical Co., Ltd.
  • Zhejiang Wynca Chemical Industry Group Co., Ltd.
  • Tianjin Huayu Pesticides Co., Ltd.
  • Sichuan Chuandong Agrochemical Co., Ltd.
  • Guangxi Guilin Jingtian Biochemical Co.,Ltd.
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