Fungicides China News 1510 (12 issues per year)

Date: 2015-11

“On 18 Oct., 2015, ICAMA together with 8 agrochemical enterprises held an opening conference on the topic of “Strategical Implementation and Application of Zero Growth in Use of Pesticides” in Beijing. The government is aiming to achieve the goal of zero growth of pesticide usage by 2020.

According to directors from the ICAMA, the market of minor crops has huge room for development in China. There is a huge shortage of registered pesticides for minor crops, and therefore pesticides for minor crops have huge market potential as well as great profit margins.

As of Oct. 2015, the ex-works price of hymexazol technical in China has recorded a 3-month consecutive fall, which was the biggest fall since 2014. It’s estimated that its price is unlikely to rebound significantly in a short term.

Dr. Lu Yuejian from BASF disclosed that a 10% pyraclostrobin SC is likely to be launched in Chinese market next year. This is a good news for the development of pyraclostrobin potential market.

On 22 Oct., 2015, Limin Chemical announced to raise funds to invest in its main businesses and extend to upstream raw material industries.

In the first three quarters of 2015, Lianhe Technology announced that its revenue increased by 2.57% year on year, much lower than the growth in Q1-Q3 2014. This can be attributed to declining performance in pesticide and pesticide intermediate businesses.

According to the ICAMA, in Sept. 2015, a total of 5 fungicide technical (including 4 active ingredients) were registered in China.

ICAMA stated that there are still many shortcomings in the registered pesticide varieties for preventing and controlling diseases and pests of tea trees. Pesticide enterprises should put great effort into R&D into pesticides for tee trees.

According to China Customs and CCM, China’s export volume of azoxystrobin technical recorded sharp YoY growth of 77.02% in Jan.-Aug. 2015; also, it grew by 28.60% over full-year figure of 2014.

On 14 Oct., 2015, the NATESC issued the latest dynamics of main pests and diseases of late rice in China, which occurs moderately to heavily.

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