Glyphsoate China Monthly Report 1107
Resulting from the slack season of oversea demand, glyphosate price experiences a slight decrease in July 2011, from the undervalued price. The dreadful glyphosate market has made many producers loss the market confidence of glyphosate, and many glyphosate manufacturers plan to suspend production or exit the market. There are only about 12 active manufacturers at present.
The demand for glyphosate hasn't seen growth, but the cost pressures from domestic financial policy and international currency exchange rate have been aggravating the glyphosate industry. On July 6, 2011, Chinese government raised the loan interest for the third time this year, resulting in increasing financial cost for glyphosate manufacturers. Moreover, the continuous RMB appreciation has made glyphosate manufacturers undergo great pressure in profit gain.
Although the H1 2011 financial report of these listed glyphosate manufacturers haven't been released yet, the preannouncement of Nantong Jiangshan's profit loss has shown the ongoing depressed glyphosate market.
What will Chinese glyphosate industry go further? CCM International will trace the latest market info and carry out in-depth analysis for clients.
The demand for glyphosate hasn't seen growth, but the cost pressures from domestic financial policy and international currency exchange rate have been aggravating the glyphosate industry. On July 6, 2011, Chinese government raised the loan interest for the third time this year, resulting in increasing financial cost for glyphosate manufacturers. Moreover, the continuous RMB appreciation has made glyphosate manufacturers undergo great pressure in profit gain.
Although the H1 2011 financial report of these listed glyphosate manufacturers haven't been released yet, the preannouncement of Nantong Jiangshan's profit loss has shown the ongoing depressed glyphosate market.
What will Chinese glyphosate industry go further? CCM International will trace the latest market info and carry out in-depth analysis for clients.
Contents
Nantong Jiangshan suffers from profit loss in H1 2011Zhejiang Wynca: Endless technology innovation secures its leading position in glyphosate industry
Monsanto's Roundup incentive program under investigation by SEC
ChemChina to complete its acquisition to MAI in September 2011
APG considered as promising substitution of tallow amine adjuvant
Joint application of glyphosate and paraquat
RMB appreciation and heightened interest rate aggravate glyphosate industry
Glycine destiny tied up with glyphosate
Glyphosate price slightly decreases in July 2011
Glyphosate export volume decreases in May 2011
COMPANIES MENTIONED
Zhejiang Wynca Chemical Industrial Group Co., Ltd.；Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.；Anhui Huaxing Chemical Co., Ltd.; Jiangsu Good Harvest-Weien Agrochemical Co., Ltd. Skip to top