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The price of pyridine continues the decreases in China. From the prospective of operating situation in downstream market, the paraquat market maintains a low operating rate currently with weakened demand. It is predicted that the price of pyridine may continue to decrease.
Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion), the leading pesticide formulation company in China, released its 2014 semi-annual financial report. In H1 2014, its revenue and net profit recorded USD248.4 million and USD33.3 million, up by 25.4% and 41.9% year on year respectively.
Recently, in the Ministry of Information and Technology of China (MIIT)’s latest published list of “pesticide products whose production licenses are planned to issue” the 20% paraquat Water Soluble Gel from Nanjing Redsun Biochemical Co., Ltd. (Redsun Biochemical) was approved.
Jiangsu Flag Chemical Industry Co., Ltd. (Jiangsu Flag) plans to expand five pesticide technical projects including 500 t/a 96.5% isoproturon technical. In May 2014, it entrusted an institution to make the Environment Impact Assessment report, which has been finished. Brief introduction to the project was published on the official website of Nanjing Chemical Industrial Park on 28 July, 2014.
Recently, the Institute of Plant Protection, Chinese Academy of Agricultural Sciences (IPPCAAS) signed an exclusive transfer agreement with Linhai Jianxin Chemical Co., Ltd. (Linhai Jianxin), concerning its technology patent of dimethyl disulfide applied as soil fumigant (Patent No. ZL2008 1 0000854.4).
The price of 42% paraquat TK in China keeps declining at present. At present, the average operating rate of paraquat manufacturers remains low, judging from the output of the product in July, which is positive to curb the price fall.
On 27 July, 2014, Wang Guo, chairman of Sichuan Beier Group Co., Ltd. (Sichuan Beier) led a group to make a five-day investigation in Russia, to promote its cooperation with Russia-based Renova Group in a glyphosate project. Accordingly, the two parties signed a cooperation agreement during this visit.
With a purpose to strengthen the safety management of pesticides in China and promote the re-evaluation of pesticides, during 16-18 July, 2014, the Institute for the Control of Agrochemicals, Ministry of Agriculture of China (ICAMA) held a seminar in Heilongjiang Province on the re-evaluation and registration of five pesticides including 2,4-D butylate.
On 25 July, 2014, Hubei Sanonda Co., Ltd. (Hubei Sanonda) published its H1 2014 report. During the report period, the company realized a revenue of USD276.26 million, up by 11.88% year on year; its net profit was USD46.86 million, sharply increasing by 126.25% year on year.