Glyphosate price keeps stable in june 2012


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Glyphosate price keeps stable in June 2012, according to CCM International’s June Issue of Glyphsoate China Monthly Report.

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Glyphosate price keeps stable in june 2012

  1. 1. Glyphosate Price Keeps Stable in June 2012Summary: Glyphosate price keeps stable in June 2012, according to CCM International’sJune Issue of Glyphsoate China Monthly Report.Tag: pesticide, glyphosate, price, glyphosate technical, glyphosate formulation, glyphosateproduction, raw materialPrice growth of glyphosate technical and glyphosate formulations is mainly due to theprovisionally tight supply. Many active glyphosate manufacturers claimed that they wereproducing products for contracted orders currently and they cant arrange glyphosate productionfor new orders until the end of June 2012 or even early August 2012. The maintaining of "high"glyphosate price and profitable glyphosate market have attracted some suspended glyphosatemanufacturers to resume production. There are about 19 active glyphosate technicalmanufacturers in mid-June 2012 , according to CCM International’s June Issue of GlyphsoateChina Monthly Report.Some overseas buyers and domestic traders complain that Chinese glyphosate price hasincreased too much in H1 2012 and has maintained at the high level for several months. In fact,most Chinese glyphosate technical manufacturers cant obtain much profit from the price uptrendin H1 2012. Three listed glyphosate technical manufacturers including Zhejiang Wynca ChemicalIndustrial Group Co., Ltd., Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. and AnhuiHuaxing Chemical Industry Co., Ltd., all reported operating profit losses in Q1 2012. The increaseof glyphosate technical price in H1 2012 is a rational improvement from the undervaluedglyphosate price before. The gross profit margin of glyphosate technical under current "high"price is less than 8%.Glyphosate raw material price experienced slight decrease in June 2012, due to the decreasecost in basic raw materials. The slow growth in global economy has caused the downtrend ofpetroleum price in the past months. The decreased glyphosate raw material price also indicatesthat the overcapacity of these raw materials in China is serious and the increasing operating rateof glyphosate cant promote raw material price.Its predicted that current glyphosate price will last to early July 2012 because of the provisionallytight supply. However, there is no room for Chinese glyphosate price to rise in the near future,because the raw material cost has decreased, and more suspended producers would resumetheir production if glyphosate price rise, which may cause the surplus supply again.Source: Glyphsoate China Monthly Report 1206
  2. 2. of Glyphsoate China Monthly Report 1206:Zhejiang Wynca set foot in Chinas seed industryChongqing Sanxia to extricate from quagmire of glycineNantong Jiangshan to sell glycine-supply subsidiaryZhejiang Wynca, Nantong Jiangshan and Anhui Huaxing all suffer loss in Q1 2012Concept and differentiation of 78% glyphosate IPA SG on marketingChina to enforce inspection of 10% glyphosate ASFarmers like to buy and pesticide retailers like to sell bulk glyphosate ASMixed formulation containing glyphosate and saflufenacilGlyphosate price keeps stable in June 2012Export volume of glyphosate technical increase but price change slightly in April 2012Glyphosate China Monthly Report, a monthly publication issued by CCM International on 20thof every month, will keep track of latest dynamics, hotspots and competitiveness analysis, andforecasts on market trends of China’s glyphosate industry.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff ofmore than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer.For more information, please visit International Ltd.Guangzhou CCM Information Science & Technology Co., Ltd.17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou510070, ChinaTel: 86-20-37616606Email: econtact@cnchemicals.comSource: