Research and Markets: Fungicides China News 1211

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vsh8zm/fungicides_china) has announced the addition of the "Fungicides China News 1211" report to their offering.

According to Sui Pengfei, an official from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), during the 5th China High-Level Forum on Pesticides, new Pesticide Management Regulations will be issued before Dec. 2012, which will be favorable to the development of domestic pesticide industry in the future. Also, the detailed information about this new regulation will be timely reported by CCM.

Though the whole market situation of China's pesticide industry witnessed recovery with the demand pull this year, fungicides' market quotation confronted a downturn trend, especially in fungicide exports. Specifically, Chinese total export volume of fungicides declined by 7.98% year on year from Jan. to Sept. 2012 to 54,250 tonnes. Under the circumstances, the total export value of fungicides also witnessed a fall of 11.49% year on year from Jan. to Sept. 2012 to about USD254.76 million.

Particularly, some key export-oriented fungicide varieties performed poorly in export business since early 2012, such as carbendazim and mancozeb. Due to the gloomy export condition, the quoted prices of these two fungicides mentioned above also gradually went down in the past few months of this year, which correspondingly exacerbated the difficulties among domestic manufacturers.

- Changqing Agrochemical's revenue and net profit both achieve double-digit growth from Jan. to Sept. 2012, to USD155.47 million and USD20.63 million respectively.

- Lanfeng Biochemical's net profit plummets by 44.71% year on year from Jan. to Sept. 2012 to USD6.81 million.

- Noposion turns its performance slide around in Q3 2012, making its net profit in the first nine months of this year go up 8.56% year on year.

- Market quotation of mancozeb technical is still under downturn in Oct. 2012, and its ex-factory price maintains at around USD2,832/t.

- China's carbendazim export confronts decrease to a certain extent from Jan. to Aug. 2012, mainly due to the gloomy demand from overseas market.

- Domestic agrochemical companies covet fungicides to go off-patent to seize market share and much more profit in the near future.

- China's import volume and value of fungicides see a double-digit growth from Jan. to Sept. 2012, while the export situation continues going down in the meantime.

- Both import and export of o-phenylenediamine in China fall from Jan. to Sept. 2012, according to China Customs.

- CAC Nantong will set up one azoxystrobin technical production line with the capacity of 300t/a, which will be its new profit growth point in the near future.

- Shangyu Nutrichem registers fludioxonil 98% TC in China in early Oct. 2012, which makes it the third company to own this fungicide's registration in China.

- Huanghai Pesticide Chemical prepares for relocation into Jiangsu Binhai Industry Park, pushed by the requirement of pesticide industry policy in China.

- Deqiang Biochemical is planning to newly build three pesticide production lines, including two fungicide ones, to enhance its market competitiveness.

- Kresoxim-methyl mixture registration significantly has been increasing in China since early 2012, which will favor this fungicide's promotion for it to seize more market share in the future.

- Registration of azoxystrobin technical witnesses rise in China in 2012, especially in Oct., amounting to eight, accounting for 50% of the total in the first ten months of this year.

Companies Mentioned

- Jiangsu Changqing Agrochemical Co., Ltd.

- Jiangsu Lanfeng Biochemical Co., Ltd.,

- Shenzhen Noposion Agrochemicals Co., Ltd.

- CAC Nantong Chemical Co., Ltd.

- Shangyu Nutrichem Co., Ltd.

- Jiangsu Huanghai Pesticide Chemical Industry Co., Ltd.

- Deqiang Biochemical Technology Development Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/vsh8zm/fungicides_china