China Glyphosate Industry Performance Reviewed in Topical CCM Chemicals Study Published at MarketPublishers.com05 Jun 2015 • by Natalie Aster
LONDON – Sluggish overseas demand and relatively low market prices have pushed the Chinese glyphosate market in recession. In early April 2015, the domestic price for glyphosate stabilised and even slightly rose. Still, the glyphosate TC actual transaction volume is not large, and the majority of glyphosate producers are shifting their focus to glyphosate formulations. For example, Jiangsu Yangnong, Good Havest-Weien, Nantong Jiangshan, and some big national glyphosate manufacturers chiefly produce glyphosate TC for themselves to manufacture formulations, as well as supply a portion of the herbicide for orders from old clients. Whilst some small and medium-sized firms, like Shandong Qiaochang, and Xuchang Dongfang, among others, launch overhaul during this period and discontinue the supply. This causes supply shortage in China’s glyphosate TC market to some degree.
Meanwhile, in April 2015, the country’s top listed glyphosate companies released the 2014 financial report one by one. Of this, owing to the poor product demand and a decline in sale prices, the bulk of glyphosate enterprises experienced weak performance in 2014. For example, Nantong Jiangshan's revenue from glyphosate products decreased 7.25% YoY in 2014; although that of Zhejiang Wynca grew 7% YoY in the same year, the decline in glyphosate price led to a 15-percentage point drop in its gross profit margin from glyphosate business.
Topical study “Glyphosate China Monthly Report 1504 (12 issues per year)” drawn up by CCM Chemicals provides unparalleled information on the changes which have taken place in the national glyphsoate industry up to April 2015 as well as a profound understanding of the major factors impacting the sector’s development.
Top companies discussed in the study comprise: Shandong Luba Chemical Co., Ltd.; Anhui Guangxin Agrochemical Co., Ltd.; Nantong Jinagshan Agrochemical Chemical Co., Ltd.; Hubei Xingfa Chemicals Group Co., Ltd.; Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.; Jiangsu Yangnong Chemical Group Co., Ltd.
Glyphsoate China Monthly Report 1207
Published: April, 2015
Price: US$ 6,912.00
More research publications by the publisher be found at CCM Chemicals page.