China’s glyphosate market was not so good in the first 10 months of 2014 compared with the same period of last year. The price of glyphosate technical was about USD4,874.96/t in this period, with a double-digit decrease rate.
However, some manufacturers still hold optimistic attitudes towards the glyphosate market and they are expanding their production. For example, on 15 Oct., 2014, Hubei Xingfa proclaimed that its holding subsidiary, Hubei Taisheng will carry out a glyphosate technical production project of 60,000 t/a (phase I) in the Yichang Fine Chemical Industrial Park in Yichang City of Hubei Province. This project serves as the first phase of the expansion project of 100,000 t/a glyphosate technical production by adopting the pathway of glycine. The construction period of the first phase covers 12 months. When Hubei Taisheng finishes its first phase of construction by the end of next year (2015), its production capacity of glyphosate technical will reach 130,000 t/a, ranking the first in China as well as the second in the world.
Therefore, China still has a big capacity of glyphosate technical in the future.
Note: 1. All tables and figures in this issue are calculated by the same RMB/USD exchange rate (1USD=6.1539RMB); 2. Nuances in some data are mainly caused by rounding principle.
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