In H1 2012, Nantong Jiangshan has turned loss into gain, and glyphosate business has promoted greatly the operating profit of Jiangsu Yangnong. On the contrary, two listed glyphosate companies, namely Zhejiang Wynca and Anhui Huaxing, haveundergone ugly operating performance and suffered operating loss in the first six months of 2012. Can all listed glyphosate producers be profitable in the first nine months of 2012?
The price of glyphosate technical has increased further in September 2012, up about 13.56% over that in August 2012, which was the highest one this year.
On 7 September, 2012, an earthquake with magnitude of 5.7 occurred on the border area between Yunnan Province and Guizhou Province, which would promote the price of yellow phosphorus further. Besides, the National Development and Reform Commission released the notification of price increase in gasoline and diesel on 10 September, 2012, and it's estimated that the retail price of gasoline and diesel would increase by about USD0.06-0.07/L (RMB0.41-0.46/L), which may increase the cost in transportation of glyphosate producers further in the coming months.
Under the current circumstance, would the price of glyphosate related products and raw materials continue to rise?
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