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Sinochem Group taking over 0.06% Yangnong shares’ immunity has received China Securities Regulatory Commission’s approval

Yangnong Chemical (600486.SH) announced in 25, May, Sinochem Group taking over 0.06% Yangnong shares’ immunity has received China Securities Regulatory Commission’s approval. After holding a 100,000 shares in Jin Mao Group Co., Ltd., Sinochem Group becomes Yangnong Chemical’s new actual controller, because Sinochem holds 40.59% stake in Yangnong Chemical.


Chinese pesticide price index (CAPI) in April 2014 announced

CAPI in April 2014 is 102.75, which continued to increase in the first season before falling back, declining 2.78% and 0.76% YoY. With the increasingly strict environmental protection policy, the domestic pesticide market operate in the fluctuation, herbicides and insecticides have larger effect in CAPI, it decides the trend of CAPI to a certain extent. 


Dicofol went out of production in our country , the road of phasing out highly toxic pesticide is again another step forward

It is reported that Jiangsu Yangnong Chemical Group dicofol production line closed in April 17, which means that dicofol went out of production in our country. Shutting down means that it is a big step to phase out highly toxic pesticide.


The domestic glyphosate market continued downward trend in May

The domestic glyphosate market continued their downward trend, the price continued declining, and the market appears low value frequently, small and medium enterprises faced shutting down or reduction because of financial pressure and higher sales pressure. 


The price of glyphosate declined 3.02%, the enterprise going into operation becomes a difficult problem

The environmental protection of glyphosate industry is expected to weaken, due to delay the announcement of the verification of environmental protection. It is reported, the price of glyphosate has been declined 3.02% this month. The current operating rate of industry is only 50% and partial product line have been nearly closed, because of the effect of depressed demand.


Pesticide enterprises' road of IPO

After stopped more than a year, IPO re-opening early this year which gives stock market infuse new vitality. And at this time of the opening of the listing, several pesticide enterprises have also joined the IPO. 


The fungicide output rose 12.4%, in April

According to the National Bureau of statistics data, there are more than 353 pesticide enterprises and the total production of pesticide TC decreased 2.6% to 292,000 tons.


Fungicide and herbicide import continued double digit growth in the first quarter

The domestic pesticide trade is in good condition, the trade surplus is obvious in the first quarter of 2014. According to customs head office statistic, from Jan to Mar, the total import pesticide grew 17.9% to 26,800 tons, the volume of imports rose 4.9% to $221 million. Among all, the import and the amount of import of fungicides and herbicides shows double-digit growth. The import of fungicide is 8,500 tons, rose 15%, the amount of import is 91,000,000 dollars, rose 16.8%. The import of herbicide is 10,800 tons, rose 16.4%, the amount of import is 65,000,000 dollars, rose 11.3%. The import of insecticide is 3,000 tons, rose 19.4%, the amount of imports is 45,000,000 dollars, decreased 20.6%.


Limin Chemical Co., Ltd. is to be listed and offers 25,000,000 stocks this time

Limin Chemical Co., Ltd. is to be listed in Shenzhen Stock Exchange and offers 25,000,000 stocks this time, accounting for more than 25% of the total shares after offering which is not more than 10,000,000 shares.


The progress of new emission standards for pesticide were posted

The harshest-ever environment protection law has been issued, the pesticide industry in environment has attracted public attention. Recently, the third China pesticide industry HSE elevated workshop held by CCPIA was held in Shanghai. This seminar will develop a discussion around emission standard of water pollution and air pollution which will be issued.