On 9 Oct., 10 domestic enterprises were approved as pesticide registration testing units, which are effective for five years. The innovation research institute of leading glyphosate TC producer Zhejiang Wynca is also on the list, being allowed to conduct product chemical tests, including physical & chemical property determination tests, product quality inspection tests or storage stability tests.
This month, Xingfa Group announced its key operating data for Q1-Q3 - glyphosate TC outputs were 113,000 tonnes (down 14.85% YoY) and glyphosate TC sales 125,100 tonnes (up 7.84% from 2019's 116,000 tonnes). This highlights Xingfa Group's outstanding edge in raw material costs across the sector. Moreover, the sales rates of its yellow phosphorus rose from 13.90% to 24.91% during the period.
China's glyphosate TC market will usher an export season this month. Currently, more overseas inquiries were seen over the past 2 months, with increased close rates. Many domestic key producers increased their operating rates before the National Day to complete previous foreign orders and stock up for the peak season. Glyphosate TC price is expected to further go up due to higher prices of major raw materials and the continuous suspension of Leshan Fuhua and Hebang Bio-technology.
In the first half of Oct., the average operating rate of China's key glyphosate TC producers rose to 60%. Leshan Fuhua and Hebang Bio-technology resumed production in early Oct., and Guangxin Agrochemical began to take orders. The average operating rate is expected to go up in Oct.-Nov. It's noted that most processors had strong wait-and-see attitudes at this point.
In mid-Oct., the average ex-works price of yellow phosphorus rose, mostly owing to tight market supply and increased production costs of producers. As of 19 Oct., the country witnessed stable yellow phosphorus production and full booked orders, with producers reluctant to sell. Many suppliers believed that the price will further grow in the short term.
On 27 Oct., Henan Hansi's glufosinate-ammonium*glyphosate SL and Zhejiang Jinfanda's 2,4-D*glyphosate SL were allowed to be registered. During 26 Sept. and 25 Oct., registrations of 10 glyphosate-related products were successfully renewed.
In late Sept., Zhejiang Province's Development and Reform Commission issued the Work Plan for the Yangtze River Economic Zone, planning to closeand relocate some chemical enterprises in urban built-up areas, densely populated urban areas, various protected areas, and other environmentally sensitive regions by 2020.
On 13 Oct., China's MIIT publicised the Catalogue for Guiding Industrial Development 2018. It underlines that Guizhou Province will prioritise the development of its phosphorus chemical industry, while many regions will focus on the pesticide industry (mostly including green pesticides, new pesticide varieties, and pesticide formulations).
According to the list "Top 30 Chinese Pesticide Exporters in 2019" published by the CCPIA on 11 Oct., 10 companies (out of the top 15) such as Leshan Fuhua, Weifang Rainbow, Nantong Jiangshan, Zhejiang Wynca, Yangnong Chemical took part in glyphosate export last year.
This article provides the ex-works prices of glyphosate products and related intermediates and raw materials in the first half of Oct. 2020. The products involve glyphosate TC, glyphosate 41% IPA, glyphosate 50% SP, glyphosate 62% IPA, glyphosate 75.7% WSG, glycine, IDAN, DEA, PMIDA, yellow phosphorus, phosphorus trichloride and isopropylamine.
Table of Contents
Column 1 Company Dynamics
Zhejiang Wynca approved as pesticide registration testing unit
Xingfa Group making efforts to meet new requirement of glyphosate market
Peak season of glyphosate TC to come soon with further increased prices
China's glyphosate TC production grows dramatically in mid-Oct.
Yellow phosphorus producers waiting for higher selling price
Column 3 Registration
China sees 2 newly registered glyphosate formulations in Oct.
Column 4 Policy Dynamics
Zhejiang Province issues Work Plan for the Yangtze River Economic Zone
Catalogue for Guiding Industrial Development 201 8 being publicised
Column 5 Import and Export
Glyphosate exports of Chinese top 15 pesticide exporters in 2019
Column 6 Brief News
Hebang Bio-technology resumes glyphosate production completely
201 9 China's Top 30 Agrochemical Exporters Awards
Xingfa Group's net profit grows 20.32% in Q1 -Q3
ADAMA acquires majority stake in FNV S.A.
Nanjing convenes Jiangsu Pesticide Production Enterprise Safety Management Seminar
MOA promoting green channel management for pesticide registration and approval
Weifang Rainbow gains approval of IPO
Overall Development Plan of the Lanzhou New Chemical Industry Park
Nantong Jiangshan proposes to expand into clodinafop-propargyl sector
Nantong convenes "Three Glyphosate Byproducts Standard Preliminary Review Meeting"
Huifeng Biotechnology runs 20,000 t/a pesticides project
Column 7 Price Update
China's ex-works price of glyphosate TC in first half of Oct. 2020
China's ex-works price of DEA on 25 Oct., 2020
China's ex-works price of PMIDA on 25 Oct., 2020
China's ex-works price of glycine on 25 Oct., 2020
China's ex-works price of IDAN on 25 Oct., 2020
China's ex-works price of phosphorus trichloride on 25 Oct., 2020
China's ex-works price of isopropylamine on 25 Oct., 2020