Top 8 features of Chinese glyphosate industry in 2013 Tag
: There were top eight features of Chinese glyphosate industry in 2013. These include the stringent inspection and monitoring against the glyphosate industry, the glyphosate prices hitting new peaks, the significant increase in the glyphosate output and export volume, etc. 1. The environmental protection inspection against glyphosate industry was unprecedentedly stringent. On one hand, the environmental protection policy of large-scale inspections on the glyphosate industry was released for the first time. On 21 May, 2013, the Ministry of Environmental Protection of the People's Republic of China released a document
Notice Regarding the Environmental Protection Inspection against Glyphosate (PMIDA) Manufacturers, and the inspection will last to 2015. This means that the glyphostate industry will be tightly regulated and monitored for environmental protection purposes for about two years and six months. On the other hand, the environmental monitoring against the glyphosate industry was unprecedentedly stringent. Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejian Wynca) and Zhejiang Jinfanda Bio-Chemical Co., Ltd. (Zhejiang Jiafanda) were both involved in a court case over various environmental pollution offences. Zhejiang Jinfanda's general manager Pu, its deputy general manager Du and Zhejiang Wynca's safety and environmental protection department manager Gu have been arrested by the Zhejiang Provincial Public Security Department. So far, there is no news about the final judgment. Given the current situation, the final judgment is unlikely to be positive for the suspects. 2. Glyphosate prices hit new peaks. Glyphosate technical and formulations' ex-works prices in 2013 all represented new peaks since 2009. Specifically, the glyphosate technical average ex-works price in 2013 was USD5,988/t (RMB36,708/t), up by 27% over 2012. The average ex-works prices of glyphosate 41% IPA, glyphosate 50% SP, glyphosate 62% IPA and glyphosate 75.7% WSG in 2013 respectively were USD2,792/t (RMB17,113/t), USD3,310/t (RMB20,292/t), USD3,428/t (RMB21,013/t) and USD5,245/t (RMB32,153/t), up by about 27%, 26%, 23% and 28% over 2012. 3. Glyphosate output and export volume increased significantly. The environmental monitoring against the glyphosate industry was strict in 2013. However, this did not prevent China's glyphosate technical output from increasing. The total output was approximately 480,000 tonnes in 2013, up by 10% over 2012. Besides, the export volume of glyphosate A.I. was about 360,000 tonnes in the first eleven months of 2013. The total export volume of glyphosate A.I. is estimated to be about 400,000 tonnes in 2013. Thus, the export volume in 2013 will increase about 29% over 2012.