Herbicides China News 1507(12 issues per year)

Date: 2015-08
Pages:33
Price:

“In H1 2015, China’s herbicide industry remained sluggish. In July, along with the coming slack season of market demand and hot weather, the downturn of herbicide market is further serious. The prices of glyphosate, paraquat, 2,4-D, acetochlor, atrazine and other bulk products all record different degree of declines. Especially the prices of glyphosate, paraquat and 2,4-D are difficult to rebound in the short term. Nevertheless, it is worth noting that glufosinate-ammonium is always the special case in herbicide market. Due to over-demand, glufosinate-ammonium price maintains at relative high level all the time, which attracts much attention from manufacturers. At present, Lier Chemical’s newly-constructed glufosinate-ammonium production line (capacity: 1,000 t/a) is put into production. Meantime, its another 1,000 t/a production line of glufosinate-ammonium is under construction. Jiangsu Huifeng also holds positive attitude toward the market prospect of glufosinate-ammonium. It has acquired Shijiazhuang Ruikai to go in for glufosinate-ammonium business.

Notably, Shandong Luba’s new product, paraquat SG will be launched on the market in 2016, whose package is printed with QR code. It is estimated that paraquat formulations will still occupy a certain proportion of shares in China’s pesticide market.

The USD/RMB exchange rate in this issue is USD1.00=RMB6.1149 on 1 July, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.The USD/RMB exchange rate in this issue is USD1.00=RMB6.1149 on 1 July, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.

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