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Chinese National People's Congress and Chinese People's Political Consultative Conference were hold on
3-17 March, 2013, when
China's new leaders were birthed, meaning that many new reforms may appear in some industries in
China including chemical industry in the next few months.
The 14th CAC held in
26-28 March 2012 raised overseas procurement enthusiasm, and some of the
China's glyphosate manufacturers claimed that they still have enough orders and they can't receive new orders at present.
The strong demand contributes to the slight price increase of glyphosate related products in
mid-March 2013, will this situation continue in late
March 2013 and
Anhui Huaxing Chemical Industry Co., Ltd. announced a flash report about its operating performance in 2012, showing that its operating profit was about
USD17.01 million (
RMB106 million) in 2012, up by 218.39% over 2011.
Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. released an announcement about the second "Capital and share increase" plan of its affiliated company—Nantong Dongchang Chemical Co., Ltd., showing that Dongchang Chemical had successfully introduced a new investor with an investment of about
USD8.87 million, and Nantong Jiangshan was degraded from the second biggest shareholder of Dongchang Chemical to the third biggest shareholder after the deal, with its equity proportion down to 30.078% from 46.640%.
Nufarm Limited released an announcement, claiming that its exclusive distribution right for Roundup branded glyphosate in
New Zealand are to be terminated on
28 Aug., 2013, and Sinochem Group, a Chinese company, will take over the exclusive distribution right of Roundup branded glyphosate in
International Service for the Acquisition of Agribiotech Applications released its updated Global Status of Commercialized Biotech/GM Crops 2012 report, showing that global's planting area of GM crops set the new record of 170.3 million hectares in 2012, and
Brazil maintaining the largest growth rate in planting area of GM crops globally in 2012.
According to a record from the
China's State Administration of Taxation updated on
20 Feb., 2013, PMIDA's 13% export tax rebate rate has been cancelled since
1 Jan., 2013, meaning that
China's exported PMIDA will no longer enjoy the rebate, which will increase PMIDA's export cost and further reduce PMIDA's export volume.
After the depressed glyphosate market since 2009, some glyphosate manufacturers withdrawn from market, which increased the industrial concentration of
China's glyphosate to a great extent in 2012. In the meantime, export share competition between
China's top seven glyphosate manufacturers didn't show the signs of easing, but instead it remain fierce in 2012.
The promulgation of No. 1558 Decree greatly affected the research dynamic of glyphosate industry in
China, and the number of both the glyphosate companies who carry out the research about glyphosate wastewater treatment techniques and the researches about glyphosate wastewater treatment techniques being applied to patent rises.
There is only one glyphosate registration in
Feb. 2013, namely mixed glyphosate formulation—glyphosate·triclopyr SP (registration No. LS20130040), which contains 50% of glyphosate and 10% of triclopyr.
Glyphosate prices rise slightly in
Export volume of glyphosate formulations increase by 30.72% in
Zhejiang Wynca; Nantong Jiangshan; Anhui Huaxing;Sichaun Fuhua;Jiangsu Yangnong;Zhejiang Jinfanda;Jiangsu Good Harvest-Weien; Monsanto;Nufarm;Shandong Weifang Rainbow;Sinochem Group