Fungicides China News
The Jiangsu Pesticide Research Institute plans to vigorously promote three independently developed phenamacril fungicides. Notably, revenue from the company's phenamacril fungicides achieved over USD10.71 million (RMB70 million). The fungicide, under heavy promotion, is hopeful to earn "RMB100 million" in 2016.
According to CCM's market monitoring, China's market price of chlorothalonil technical increased due to short supply in the first half of March. However, as the peak season comes, the plants have almost been fully booked, and are likely to pull up the price. In 2016, the price of chlorothalonil is expected to keep high as last year and even go up.
On 8 March, 2016, the list of China's top 20 pesticide exporters (by manufacturer) in 2015 were unveiled at the CAC2016. This also showed the general situation and highlights about China's exports of pesticides in 2015.
According to CCM's research, although some plants suspended production under environmental protection pressure, increasing number of carbendazim plants resumed production and most leading producers are capable of supply. In the short term, China's market price of carbendazim technical is expected to rise as the orders increase. On the whole, it will remain stable in full-year 2016.
At the end of Feb. 2016, IPP, CAAS signed with ALS a distribution licensing agreement, granting it exclusive global access to "Atailing", China's first plant immunoprotein biopesticide. Through cooperation with international pesticide enterprise, this biopesticide is expected to be promoted around the world. Also the success of it will set a good example of internationalization of Chinese technology and open a new chapter for multinational cooperation.
Limin Chemical plans to make a private placement for its high-efficient pesticide projects, basic raw material projects and replenishment in liquid capital. This will assist the company to further expand business and improve profitability, which improves its comprehensive competitiveness and carries forward the strategic goals.
In full-year 2015, both export volume and average export price of tebuconazole technical decreased, down by 2.93% and 10.14% YoY respectively, according to China Customs and CCM's analysts.
In 2015, China's export volume and export value of fungicide formulations both increased YoY, but the rise of the value was much smaller than that of the volume, affected by the downturn of pesticide market.
In Q4 2015, China's import volume of fungicide formulations continued declining by a larger percentage, following the decreases in the previous three quarters. In total, the import volume of fungicide formulations fell by 22.09% YoY in 2015.
In Feb. 2016, 15 new registrations of fungicide technical (excluding renewal of registrations), including 12 active ingredients, were approved in China, according to the Institute for the Control of Agrochemicals, Ministry of Agriculture.
The Institute of Plant Protection, Chinese Academy of Agricultural Sciences;Limin Chemical Co., Ltd.;Lianhe Chemical Technology Co., Ltd.; Shenzhen Noposion Agrochemicals Co., Ltd.;Jiangsu Huifeng Agrochemical Co., Ltd.;Shanghai Heben-Eastsun Medicaments Co., Ltd.;Jiangsu Lanfeng Biochemical Co., Ltd.