ReleaseWire Connect

Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan), the second largest glyphosate player in China, announced on 4 June 2011 that it is now positively preparing to respond to the glyphosate anti-dumping investigation initiated by Brazilian Ministry of Development, Industry and Foreign Trade Secretariat on 19 May 2011.

Erythritol is one of most popular sugar alcohols in foreign countries nowadays. Thanks to the rising overseas market demand, the output of erythritol has increased greatly year by year.

CCM - Henan Billions Chemicals Co., Ltd. (Henan Billions), China's second largest TiO2 producer, has passed its IPO application in the meeting on May 20, 2011, announced by the Issue Review Committee of China Securities Regulatory Commission (CSRC). Previously, China's first and third largest TiO2 producers, namely Shandong Dongjia and Sichuan Lomon, both failed to pass their IPO applications, separately in 2010 and 2009.

CCM - Difenoconazole, an excellent triazole fungicide with high efficiency and broad spectrum, has witnessed a rapid development in China in recent years, reflecting the increasing market demand and production capacity.

Since the acquisition to Jiangsu Kuaida Agrochemical Co., Ltd. (Jiangsu Kuaida) was finished completely on Jan. 6th 2011, Lier Chemical Co., Ltd. (Lier Chemical) has been enjoying additional income injected by Jiangsu Kuaida. As a result, Lier Chemical witnessed rising performance in Q1 2011.

Against the backdrop of corn price uptrend since the beginning of 2011, Chinese government is setting some policies and regulations to restrain the development of corn deep-processing industry, which is the second largest corn downstream industry in China. Through these regulations, the government tries to reduce the demand for corn in deep-processing industry and to guarantee the smooth running of national corn temporary reserve this year, as well as to stabilize corn price.

CCM’s latest newsletter Insecticides China News June 2011 indicates that the profit of insecticide manufacturers in China further squeezed in May 2011.

Difenoconazole, the third largest triazole fungicide in China, has witnessed a rapid development in China in recent years. It still has great development potential both at home and abroad, thanks to its bright market prospect and good control effect on crop diseases.

CCM - On 16 May 2011, China Securities Regulatory Commission (CSRC) releases that the IPO application of Jiangsu Limin Chemical Co., Ltd. (Jiangsu Limin), a leading fungicide company in China, fails to get approval and CSRC doesn't reveal the detail of the decision.

As China's bio-pesticide industry has been witnessing fast development in the past decades, bio-fungicide becomes more and more popular in China. With features of low toxicity and quick decomposition, bio-fungicide is considered to be more eco-friendly and promising.