Trusted Market and Commodities-Trade Intelligence
According to Think Real’s monitoring of the price of mainstream pesticide technical on the domestic market, from August 2014 (to the closing date October) the price of chlorpyrifos technical in China has seen an obvious increase because of the growth in raw material prices.
During 23-24 Sept., 2014, under the lead of the general agro-technician from the Institute for the Control of Agrochemicals, Ministry of Agriculture of China, (ICAMA), Ji Ying, the research group conducted its research on registration management, production and application of pesticide fertilizers.
On 9 Oct., 2014, Lier Chemical Co., Ltd. (Lier Chemical) published a notice that it plans to sell stocks to its shareholders based on all of its stocks as of 30 Sept., 2014. As predicted, the total fund to raise will be no more than USD97.6 million, all of which, after minus distribution costs, will be used to supplement cash flow.
On 25 Sept., 2014, BASF held demonstrations for its AgCelence® in over 20 regions in China, including Zhejiang, Jiangsu and Guangdong provinces. It called on local farmers to know about the AgCelence® series of fungicides.
Agrochemical e-commerce platform “Nong1wang” (www.16899.com) established by Nongyi E-Commerce (Beijing) Co., Ltd. (Beijing Nongyi) formally run on-line in H2 2014.
On 6 September, 2014, Huapont-Nutrichem Co., Ltd. (Huapont-Nutrichem) published an announcement on its second purchasing of the stock of Tibet Nyingchi Baisheng Pharmaceutical Co., Ltd. (Tibet Baisheng) Huapont-Nutrichem will spend USD235.8 million to buy 71.5% share of Tibet Baisheng.
On 17 Sept., 2014, Yangmei Chemical Co., Ltd. (Yangmei Chemical) made an announcement that its shareholding subsidiary
Recently, Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan) succeeded in pilot production of glyphosate SG formulations in its pesticide formulation factory.
On 15 Sept., 2014, SinoChem Agro Co., Ltd. (SinoChem Agro), jointly with the Committee of Safe and Scientific Use of Pesticides, China Crop Protection Industry Association (CCPIA) successfully held a meeting for its seed coating, SeedEraTM to be launched on global market, in Changsha City, Hunan Province.
This week the chlorpyrifos market meets a tight supply. The mainstream quotation of 97% chlorpyrifos technical in the domestic market reached USD6,031/t—USD6,346/t.