Glyphsoate China Monthly Report 1304 (12 issues per year)

Date: April 19, 2013
Pages: 21
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: G0FCCE8E56BEN
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Glyphsoate China Monthly Report 1304 (12 issues per year)
Editor Notes

It has been more than one month since the Chinese National People's Congress and Chinese People's Political Consultative Conference were held and no regulation has been published about the organophosphorus pesticide industry. The prices of glyphosate technical and formulations increased a lot in April 2013, hitting the highest level in the past few months. Tempted by fat profits in the glyphosate business, some middle and medium glyphosate manufacturers thought that a chance appeared again. They are preparing to resume their glyphosate production. In this situation, will the prices of glyphosate technical and formulations keep rising next month?

Headline

Nantong Jiangshan's total revenue and operating profit is about USD482.77 million (RMB3,007.91 million) and USD7.25 million (RMB45.14 million) in 2012, respectively. It's the first time for Nantong Jiangshan's operating profit to turn a loss into a gain since 2010.

Anhui Huaxing's total revenue and operating profit is about USD151.30 million (RMB942.66 million) and USD17.02 million (RMB105 million) in 2012, respectively. Anhui Huaxing's operating profit increases by about USD31.38 million (RMB195.53 million) over 2011. Its investment income is the main factor for Anhui Huaxing's operating profit surge in 2012.

Jiangsu Yangnong achieved a revenue and an operating profit of USD356.10 million (RMB2,218.66 million) and USD38.53 million (RMB240.03 million) in 2012. The operating performance in its glyphosate business has greatly promoted Jiangsu Yangnong's total revenue and operating profit.

Glyphosate market showed prosperity in Q1 2013, and many glyphosate manufacturers achieved great operating performance in Q1 2013, mainly attributed to the great operating performance in the glyphosate business.

In order to establish key market indicators for China's rice industry, CCM carries out a survey concerning rice planting in Hunan Province's Changde, Yueyang and Hengyang since Dec. 2012, showing that glyphosate is one of the most important herbicides for weeding in these three districts in 2012.

The number of glyphosate-tolerant weeds increased apparently when entering the 21st century. Mixed glyphosate formulation is expected to be the mainstream glyphosate formulation in China in the coming years.

Given the fat profit in the glyphosate industry at present and the fact that the new environmental protection standard is unlikely to be released in 2013, glyphosate industrial integration may decelerate in 2013.

There are three glyphosate registrations in March 2013, namely MCPA-sodium•glyphosate 49% AS (registration No. PD20130330), glyphosate ammonium salt 58% SP (registration No. PD20130340) and glyphosate isopropylamine salt 41% AS (registration No. PD20130352).

Glyphosate price surges in April 2013.

The export volume of glyphosate technical decreases by 25.19% in Feb. 2013
Nantong Jiangshan's profit surges in 2012

Investment income boosts Anhui Huaxing’s profit in 2012

Jiangsu Yangnong: Glyphosate business promotes its operating performance in 2012

Overview of China's glyphosate industry in Q1 2013

Glyphosate use survey result for 2012 early rice planting in Hunan province

Mixed glyphosate formulation will be mainstream in China

Glyphosate industrial integration may decelerate in 2013

Three glyphosate registrations in March 2013

Glyphosate price surges in April 2013

The export volume of glyphosate technical decreases by 25.19% in Feb. 2013

Companies Mentioned

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