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Fungicides China News 1111 - Annual Subscription Published on November 2011

Report Summary According to the Ministry of Agriculture of the People's Republic of China (MOA), the new Pesticide Administrative Regulations is under revision at present, and it will be issued in 2012. In the new regulations, pesticides with high toxicity and high residue will be greatly restricted, and more detailed information will also be timely reported by CCM International in the near future. 18 major listed agrochemical corporations have released their financial reports of the first three quarters of 2011 one after another in China recently; thereinto, 6 corporations have witnessed financial deficits in varying degrees. It is worth noting that Shandong Dacheng's performance is the worst among all domestic agrochemical corporations from Jan. to Sept. 2011, resulting in a deficit to the tune of more than USD45.50 million. As for Chinese pesticide production, the total output of pesticides in the first three quarters of 2011 has increased by 15.70% year on year to about 1.92 million tonnes (calculated by 100% AI), according to the National Bureau of Statistics of China (NBS). Shandong Dacheng continues to show a financial deficit of about USD4.88 million (RMB31.01 million) in Q3 2011. Lier Chemical's revenue has witnessed a huge increase of 80.06%, but its net profit has dropped by 15.11% year on year in the first three quarters of 2011. Yangnong Chemical' net profit has witnessed surge, up 72.63% year on year in Q3 2011; however, its net profit in the first three quarters of this year has slipped by 14.50%. Jiangsu Huifeng plans to establish a subsidiary to significantly improve the competitiveness of its fluorine-containing pesticides and extend the industrial chain in the long run. Shenyang Sciencreat has successfully obtained the temporary registration certificates of pyrametostrobin 95% TC and 20% SC in Sept. 2011. Wuhan Kernel will surely usher in a new phase of the rapid development with the infusion of new blood in the near future. Zhengye Zhongnong is making particular efforts to improve its development of fungicide technical and formulations at present. Jiangsu Sword's microwave method for the preparation of 1,2,4-triazolylsodium and 1,2,4-1K-triazole has been granted the national patent recently. Zhejiang Heben has successfully completed the innovation on synthetic process of difenoconazole. The ex-factory price of mancozeb 90% TC has decreased by 22.25% in early Nov. 2011 over last month. Ningnanmycin has been promoting well especially in major tobacco planting areas, such as Yunnan, Guangxi, Guangdong, Guizhou, Sichuan, Fujian, etc.

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>> Get this Report Now by email! China's pesticide output has increased by 15.70% year on year in the first three quarters of 2011. 1,2,4-triazole is under tight supply in China recently, and its price has increased by 2.72% in early Nov. 2011 over the previous month. The sowing of autumn-winter crops has completed 65.0% by late Oct. 2011. Chemical pesticide application will witness a further decline in the domestic market in 2012.

Table of Content Shandong Dacheng continues financial deficit in Q3 2011 Lier Chemical: Revenue jumps but net profit drops from Jan. to Sept. 2011 Yangnong Chemical surges in Q3 net profit Jiangsu Huifeng to establish subsidiary in Lianyungang of Jiangsu Shenyang Sciencreat successfully registers pyrametostrobin New blood brings more vitality to Wuhan Kernel Zhengye Zhongnong improving fungicide development Jiangsu Sword wins a national invention patent recently Zhejiang Heben innovates synthetic process of difenoconazole Ex-factory price of mancozeb 90% TC sharply declines in early Nov. 2011 Ningnanmycin promotes well especially in tobacco virus disease control market Pesticide output up 15.7% year on year in the first three quarters of 2011 Supply of 1,2,4-triazole under tight recently Autumn-winter sowing completes 65% by late Oct. 2011 Domestic chemical pesticide application to continue decreasing in 2012 Companies Mentioned Shandong Dacheng,Lier Chemical,Yangnong Chemical,Jiangsu Huifeng,Shenyang Sciencreat,Wuhan Kernel,Zhengye Zhongnong,Jiangsu Sword,Zhejiang Heben

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Fungicides China News 1111 - Annual Subscription  

According to the Ministry of Agriculture of the People's Republic of China (MOA), the new Pesticide Administrative Regulations is under revi...

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