Glyphosate China Monthly Report 1302

Date: February 20, 2013
Pages: 19
Price:
US$ 6,912.00
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Publisher: Guangzhou CCM Information Science & Technology Co., Ltd. (CCM)
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: G3BD6E654BCEN
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Glyphosate China Monthly Report 1302
Editor Notes

Although ISAAA reported a high growth of global planting area of GM crops in 2010 and 2011, China's glyphosate exports didn't see a significant growth in 2010 and 2011. But contributed by the high export growth of glyphosate technical and formulations, China's export volume of glyphosate A.I. in 2012 witnesses a big increase, up by about 26% over 2011, which reveals that global planting area of GM crops achieves a high growth rate in 2012.

Corresponding with the high export growth rate of glyphosate, industrial concentration of China's glyphosate also keeps increasing in 2012, but China's glyphosate industry will still face many challenges in 2013. Will the industrial concentration of China glyphosate continue or even intensify to a high level in 2013?

Headline

It has been more than seven months since Anhui Huaxing’s announcement of its non-public issuing stock plan released in July 2012. This plan is approved by China Securities Regulatory Commission at the end of Jan. 2013, and Anhui Huaxing is stepping into the completion stage of its non-public issuing stock plan.

Along with the rising price of glyphosate in China in 2012, the stock prices of China’s glyphosate companies also apparently increase, and the highest growth rate lies in Nantong Jiangshan’s stock price, which increases by 111.79% over 2011.

Monsanto achieved a great operating performance in the first quarter of fiscal year 2013 (Sept. 2012-Nov. 2012), and its total net sales, operating income and net income all represent the highest figures in the corresponding period since fiscal year 2011.

China’s three listed glyphosate companies, namely Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing, may enjoy good operating performance in the whole year of 2012, and these three companies all predict that their net profit’s growth rate will exceed 500% in 2012.

Industrial concentration of China's glyphosate keeps increasing in 2012, and the total export proportion of glyphosate A.I. manufactured by China's top six glyphosate companies, namely Zhejiang Wynca, Nantong Jiangshan, Zhejiang Jinfanda, Jiangsu Yangnong, Sichuan Fuhua and Jiangsu Good Harvest-Weien, rises to about 70.02% of China's total glyphosate A.I. export, up by 16.14 and 4.6 percentage points over 2010 and 2011 respectively.

There is only one glyphosate registration in China in Jan. 2013, namely glyphosate ammonium salt 50% SP (soluble powder), and the applicant is Guangxi Zhuang Autonomous Region Chemical Research Institute.

Glyphosate price drops slightly in Feb. 2013.

Glyphosate technical export price decreases slightly in Dec. 2012.

Contributed by the high export growth of glyphosate technical and formulations, China's export volume of glyphosate A.I. in 2012 witnesses a big increase, up by about 26% over 2011.
Anhui Huaxing's non-public issuing stock plan is approved by China Securities Regulatory Commission
Nantong Jiangshan's stock price rises 111.79% in 2012
Monsanto achieves great operating performance in first quarter of fiscal year 2013
Listed glyphosate companies' net profit to surge in 2012
Industrial concentration of Chinese glyphosate keeps increasing in 2012
One glyphosate registration in Jan. 2013
Glyphosate prices drop slightly in Feb. 2013
Glyphosate technical export price decreases slightly in Dec. 2012
Overview of glyphosate export in 2012

COMPANIES MENTIONED

Zhejiang Wynca; Nantong Jiangshan; Anhui Huaxing;Sichaun Fuhua;Jiangsu Yangnong;Zhejiang Jinfanda;Jiangsu Good Harvest-Weien; Monsanto
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