In Nov., the ex-prices of Chinese glyphosate TC continued to fall, with sluggish supply and demand. The operating rate of Chinese glyphosate TC producers fell by 4% MoM to around 49% in mid-Nov. Although Xingfa Group's glyphosate TC production lines resumed operation, some other glyphosate TC producers instead lowered their operating rates.
However, many producers saw the decline in glyphosate TC prices as a return to normal levels and remained bullish on the future development of glyphosate: Zhejiang Wynca expected that the production and sales of glyphosate products in Q4 are promising; Hebang Biotechnology also remained optimistic about glyphosate TC business and has started the construction of a new 500,000 t/a PMIDA production line.
In terms of policies, China issued 20 measures to further optimise the prevention and control work for the COVID-19 epidemic, and urged local departments to implement precise controls for access to ensure smooth transport. On the other hand, many provinces carried out relevant supervision work to learn from the lessons of the "11.21" fire accident in Henan Province.
The USD/CNY exchange rate used is USD1.00=CNY7.2081, sourced from the People's Bank of China on 1 Nov. 2022. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
Note: According to the enterprise information on 25 Nov., Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co., Ltd. (Leshan Fuhua) has officially changed its name to Fuhua Tongda Agro-chemical Technology Co., Ltd. (Fuhua Tongda). The Glyphosate China Monthly Report retains its old name in this issue and will use the new one next month.
- Hebang Biotechnology remains bullish on glyphosate TC business
- Zhejiang Wynca's glyphosate sales expected to increase
- Operating rate of Chinese glyphosate TC producers decline in Nov.
- Ex-works prices for glycine may continue to fall
- Provinces carry out safety inspection after deadly blaze in Henan
- GM crops to favour glyphosate market in the long term
- Two government branches to establish joint environmental emergency response mechanism
- China to further optimise safeguards against COVID-19
- China approves 42 registration renewals of glyphosate products in Nov.
- China's glyphosate TC exports to Brazil decline in Q3 2022
- India restricts use of glyphosate
- Hebang Biotechnology's Q1–Q3 net profit grows by 70.69% YoY
- Zhejiang Wynca increases R&D expenses and preforms well in Q1–Q3
- Hebang Biotechnology commences construction of 500,000 t/a PMIDA project
- Production safety in Sichuan Province being inspected
- Xingfa Group's operating rate of glyphosate TC rises
- India stays government order limiting use of glyphosate for 3 months
- First glyphosate-resistant sugar cane developed in Argentina
- China's chemical pesticide TC output in Q1–Q3 declines YoY
- Ex-works price for yellow phosphorus falls in late Nov.
- Ex-works prices of glyphosate TC in China, the first half of Nov., 2022
- Ex-works prices of DEA in China, 25 Nov., 2022
- Ex-works prices of PMIDA in China, 25 Nov., 2022
- Ex-works prices of glycine in China, 25 Nov., 2022
- Ex-works prices of IDAN in China, 25 Nov., 2022
- Ex-works prices of phosphorus trichloride in China, 25 Nov., 2022
- Ex-works prices of isopropylamine in China, 25 Nov., 2022


