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On 30 Jan., 2018, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan) announced that its largest shareholder Sinochem International Corporation (Sinochem International) was planning to let out of its stake of 29.19% and was seeking potential transferees. As of 28 Jan., Sinochem International held altogether 86.7 million shares in Nantong Jiangshan.
In January 2018, Zhejiang, Guangdong and Jiangsu provinces in succession released their Proposal to Relocate and Reconstruct Hazardous Chemical Manufacturers in Highly Populated Urban Areas.
On 30 Jan., 2018, Nanjing Red Sun Co., Ltd. (Nanjing Red Sun) announced its decision to purchase a 60% share in Australian-owned agricultural company Ruralco.
On 23 January 2018, the Ministry of Commerce of the People’s Republic of China (MOFCOM) made the 2018 No.6 Announcement, a move to project the anti-dumping investigation against the o-dichlorobenzene imported from Japan and India.
Zhejiang Wynca Chemical Group Co., Ltd.( Zhejiang Wynca) announced in January 2018 that it intended to acquire 14.7% of shares of Zhejiang Nongfeike Agricultural Technology Co., Ltd. (Zhejiang Nongfeike) from Anyang Ximandi Fertilizer Co., Ltd. (Ximandi Fertilizer).
Researcher Yang Lijian from the Shandong Institute for the Control of Agrochemicals recently wrote on issues regarding whether business licence is a must for pesticide foreign trades.
The China Association of Pesticide Development and Application (CAPDA) recently organised the 2017 outstanding domestic pesticide brand selection, as a move to promote the development of domestic pesticides as well as the optimisation of supply-demand structure in the business. The following is the publicised list of outstanding brands appraised by professionals.
From January 1, 2018, "Pesticide Label Management Approach" has been formally implemented. At present, the products with new and old labels have coexisted in the agricultural market, during which channel partners enterprises have continued mentioned that some downstream channels thought the products with old labels were no longer allowed to sell and then asked for return and exchange instead. Others also required for return because of poor sales.
In January 2018, Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng) announced that its fully-owned subsidiary Jiangsu Huifeng Petrochemical Co., Ltd. (Huifeng Petrochemical) completed the construction of its 2nd phase project. Of the 26 storage tanks (= 162,000 m3), 6 are gas storage tanks, with a combined capacity of 18,000 m3. Now they are all under serviceable condition.
In Dec. 2017, Hainan Administration for Commodity Prices and Hainan Department of Agriculture amended the Temporary Management Method for Pesticide Prices in Hainan, which was released in 2014. Accordingly, it is specified that the wholesale and retailing prices of pesticides within the province are under the management of governmental guidance and the control of the maximum price difference. The method is implemented from 1 Jan., 2018 onwards with the valid period of five years.