Domestic ex-factory price of azoxystrobin technical witnessed rebound to a certain extent in the first half of 2013 as the demand for this fungicide increased mainly from overseas market and the stocks of some leading domestic manufacturers got low, according to CCM’s monthly newsletter, Fungicides China News.
As a matter of fact, the ex-factory price azoxystrobin technical has begun to rally in late Dec. 2012. Specifically, in late Dec. 2012, the ex-factory price of azoxystrobin 95% TC increased by 5.33% to about USD37,672/t (RMB237,000/t) compared with that in early Dec. 2012. It was not until 8 Jan., 2013 that a majority of domestic manufacturers raised their quoted prices, climbing to around USD38,692/t (RMB243,000/t), up 8.18% over early Dec. 2012. Moreover, this uptrend was still prevail in the rest several months of H1 2013.
According to CCM's monthly price monitoring, the ex-factory price of azoxystrobin 95% TC began to fell below the level of USD40,000/t in July 2012, decreasing to USD39,273/t (RMB250,000/t), and it has been under USD40,000/t maintained level until March 2013. It is particularly worth noting that in April 2013, the ex-factory price of azoxystrobin 95% TC once again rose to the level of USD40,743/t (RMB255,000/t) since July 2012, exceeding USD40,000/t (RMB250,350/t).
Actually, the ex-factory price of azoxystrobin technical plummeted in China in 2010 and 2011 with the capacity expansion. Moreover, it still didn't manage to get rid of the decline trend in 2012. The increasing capacity resulted from more and more domestic agrochemical companies' launch of their azoxystrobin technical production is the most important factor dragging down the ex-factory price of the product in the past three years. Furthermore, the rapid capacity expansion caused confusion in the market of azoxystobin technical, among which price disorder and malign competition were relatively serious problems.
It is well known that azoxystobin is the most popular fungicide in the world with an annual sales value of over USD1.0 billion at present, which attracted close attention of a large number of domestic agrochemical companies in the past few years. Coupled with the expired patent of the product in 2010, China's capacity of azoxystrobin technical witnessed a jump in recent three years, amounting to about 1,300t/a in 2013.
Moreover, domestic companies' enthusiasm for azoxystrobin is not diminished but more inspired in recent two years. This can be seen from the registration situation of azoxystrobin in China. This can be seen from the registration situation of azoxystrobin in China. According to the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), the total registration quantity of azoxystrobin has amounted to 112 in China as of early June 2013, thereinto, that of azoxystrobin technical has increased to 37.
Table of Contents of Fungicides China News 1306:
Ex-factory price of azoxystrobin technical rallies in H1 2013
Zhejiang Bosst to vigorously promote thifluzamide in 2013
Huifeng Agrocemical provides financial assistance for its holding subsidiaries
Jialunduo CropScience obtains first production license of sphaerotheca amyloliquefaciens in China
Sinochem Agro launches flumorph•pyraoxystrobin 25% SC in China
Research and Application Technology of 1-MCP for GSAAS and LZICP passes appraisal
Export volume of chlorothalonil declines in China in 2012
Sino-US Workshop on Pesticide Application for Minor Crops convened in Beijing
China to speed up construction of modern plant protection system
A new tricyclopyricarb formulation approved in China
Fungicides China News, a monthly publication issued by CCM on 10th, releases a wealth of exclusive analysis on market dynamics, company dynamics, import and export data, and other more brief news inside the industry. You may find cooperative opportunities with domestic and international manufacturers, supplier and exporters.
About CCM
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and consultancy service.
For more information, please visit http://www.cnchemicals.com.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
Email: econtact@cnchemicals.com