Fungicides China Monthly Report

Welcome to Fungicides China News published by CCM International, a professional consulting company which has been extensively and intently focusing on the dynamics of China's fungicide industry.

In Mar. 2012, two domestic listed agrochemical companies, namely Shandong Dacheng and Huayang Technology were carried out special treatment—delisting risk warning by Shanghai Stock Exchange, due to their financial deficit for two consecutive years (2010 and 2011). As a result, Shandong Dacheng and Huayang Technology were changed to *ST Shandong Dacheng and *ST Huayang Technology respectively based on "Stock Listing Rules".

Although most domestic listed agrochemical companies have suffered poor performance—net profit decrease or financial deficit, some companies still have been making great efforts to launch their IPO, such as Limin Chemical, Jiangsu Sevencontinent and Sichuan Guoguang.

In terms of China's fungicide industry, the total output of fungicide technical witnessed a decline of 5.4% year on year to 22,000 tonnes in the first two months of 2012, according to National Bureau of Statistics of China. However, China's output of fungicide technical will go up in the next months of this year with the upcoming of fungicides' peak consumption season.

For example, rape sclerotium disease is stepping into a peak period in April this year in major rape planting regions, such as Southwest China, Changjiang River Basin, Jianghan Area, etc. According to NATESC's forecast, the total occurrence area of rape sclerotium disease will accumulatively reach 3.33 million ha. in China in 2012.

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