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Round-Up of China's Glyphosate Intelligence in Q1 2013

Round-Up of China's Glyphosate Intelligence in Q1 2013

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Published by: CCM International Limited on Jun 26, 2013
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04/22/2014

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Round-up of China
s Glyphosate Intelligence in Q1 2013
Summary:
CCM is going to hold a free webinar on 27
th
June, 2013 to share the latestintelligence on China
s glyphosate market in Q1 2013.
 Tags:
glyphosate, export rebate rate, PMIDA, technical, ex-factory price, export, IDAN, A.I.,market dynamicsOn 27
th
June, 2013, CCM is going to hold a free webinar to share the latest intelligence onChina
s glyphosate market in Q1 2013. Since 2011, CCM has held several webinars in relationto China
s glyphosate industry. The upcoming webinar features the following highlights
Impacts Resulted from the Cancellation of 13% Export Rebate Rate on PMIDA
 After the cancellation of 13% export rebate rate on PMIDA, Chinese PMIDA manufacturers arelikely to suffer higher export cost. In order to mitigate the cost pressure, they have to increasetheir export price. However, during the past several months, the ex-factory price and the exportprice of PMIDA in China have remained stable as the overseas demand for PMIDA is not quitelarge. Influenced by the limited overseas demand, the ex-factory price has not shown a drasticincrease. The ex-factory price fluctuated between $17,000/ton and $17,700/ton in Q1 2013.
Export Dynamics
The total A.I. volume (100% glyphosate acid equivalent) of China's exported glyphosaterelated products in Q1 2013 increased by 74% and 39% over Q1 2011 and Q1 2012, with thetotal export value up by 145% and 78% over Q1 2011 and Q1 2012 respectively.
Price Dynamics
Influenced by the financial crisis in 2008, the overseas demand for glyphosate maintainedsluggish for a certain period. In addition,
China’s glyphosate industry
encounteredovercapacity resulted from blind expansion. Under this
circumstance, China’s glyphosate
market entered a gloomy period from 2009
 –
2011. During these three years, the glyphosateprice was generally in a rather low level. Some middle-to-small scale glyphosatemanufacturers were weeded
out of the market. China’s capacity of glyphosate also dropped to
about 650,000 tonnes.The demand for glyphosate has witnessed an uptrend since the second half year of 2012. Theglyphosate price also began to increase in the second half year of 2012. At present, theglyphosate products price remains at a high level.
Company Dynamics
Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan), ZhejiangWynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca) and Anhui Huaxing ChemicalIndustry Co., Ltd. (Anhui Huaxing) all achieved great operating performance in 2012, thanks tothe thriving market and rising profitability of glyphosate. With the enhancing profitability of glyphosate and PMIDA business in Q1 2013, the three companies all turned loss into gain in

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