Glyphsoate China Monthly Report 1504 (12 issues per year)

Date: 2015-05

“In the pesticide industry, glyphosate is always one of the herbicides attracts much interest. However, the weak overseas demand and the not high market price leave China’s glyphosate market in downturn. Entering in April 2015, the domestic glyphosate price goes towards stability with slight rise. Nevertheless, the actual transaction volume of glyphosate TC is not large and most of glyphosate manufacturers incline main business to glyphosate formulations. For instance, Jiangsu Yangnong, Nantong Jiangshan, Good Havest-Weien and some domestic large glyphosate manufacturers mainly supply the glyphosate TC to self-production of formulations and for orders from old customers, accept a few orders or suspend accepting new orders. While some medium- and small-sized manufacturers launch overhaul in this period and suspend the supply, such as Shandong Qiaochang, Xuchang Dongfang and so on. This triggers tight supply in the glyphosate TC market to some extent.
At the same time, in April 2015, China’s major listed glyphosate enterprises release the 2014 financial report one after another. Of this, due to the weak demand in the glyphosate market and declining sale price, most of enterprises suffered from decline in the performance of glyphosate business in 2014. For example, Nantong Jiangshan’s revenue from glyphosate products witnessed a YoY decrease of 7.25%; although Zhejiang Wynca recorded a YoY increase of 7% in the revenue from glyphosate in 2014, the falling glyphosate price led to 14 percentage points drop in its gross profit margin from glyphosate business.

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