|By PR Newswire||
|September 2, 2013 09:19 AM EDT||
NEW YORK, Sept. 2, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Rice diseases are further spreading in China recently. Of all rice diseases, major ones include rice blast, rice sheath blight and southern rice black-streaked dwarf virus disease, with accumulative stricken areas of 390,000 ha, 2.35 million ha, and 3,333 ha. respectively as of mid-June 2013. It is estimated that some fungicides to prevent and control these rice diseases will continue to enjoy a hot sale accordingly, such as propiconazole, difenoconazole, tebuconazole, azoxystrobin and jingangmycin.
Though it is the peak sales season for the fungicide market in China, the ex-factory prices of some rice fungicide technical are still relatively stable. Take azoxystrobin 95% TC for example, its ex-factory price was about USD43,199/t (RMB267,000/t) in early July 2013, nearly the same as that in early June. Meanwhile, the ex-factory price fluctuations of most triazole fungicides, especially those used to fight against rice diseases, was less than 2%. Under the circumstances, it is anticipated that they will not change much in the remaining weeks of July 2013.8. Zhonghao Chenguang has made progress in developing its high-grade PTFE resin project.Tricyclazole technical's supply in China a bit tight recently
The domestic supply of tricyclazole technical, one of the conventional triazole fungicides, is a bit tight recently mainly due to the under-capacity operation among major manufacturers in China, such as Hangzhou Southern Suburb Chemical Co., Ltd. (Southern Suburb Chemical) and Jiangsu Fengdeng Pesticide Co., Ltd. (Fengdeng Pesticide).
In detail, Southern Suburb Chemical, the largest manufacturer of tricyclazole technical in China, is conducting related inspection and maintenance for its production equipment with the arrival of the high temperature season, including tricyclazole technical production lines, to ensure its safe production in the future. This directly reduced the company's production of tricyclazole technical. Moreover, some foreign orders of tricyclazole products were scheduled by the company in priority order.
As a leading company in the domestic tricyclazole technical industry, Southern Suburb Chemical has been ranking first place in both capacity and output of this fungicide in recent years. In detail, the company's capacity of tricyclazole technical maintained at 4,000t/a in the recent three years. Moreover, its output of the product reached about 1,600 tonnes in 2011, far exceeding that of other domestic companies. It is conceivable that the under-capacity operation of Southern Suburb Chemical has already brought a major negative impact on the domestic supply/demand of tricyclazole technical.
Moreover, Fengdeng Pesticide's normal production of tricyclazole technical was seriously affected mainly due to some problems in relation to the environmental protection and the land requisition. Under the circumstances, the company's production of this fungicide was intermittent, making it difficult to ensure product orders especially from domestic pesticide formulation manufacturers.
It is well known that Fengdeng Pesticide is mainly engaged in the production and sales of triazole fungicides in China, and its capacity of tricyclazole technical reaches around 1,000t/a in 2013, ranking into the top three in China. The output its tricyclazole technical, one of the company's major products, hit about 500 tonnes in 2011, which brought it handsome profits. However, Fengdeng Pesticide confronted a dilemma caused by the environmental protection problem with the strict environmental protection policies from the local government and the increasing environmental protection consciousness of people.
With the tight supply of tricyclazole technical in the domestic market, its ex-factory price witnessed a rise to a certain extent in the recent few months of 2013. Specifically, the ex-factory price of tricyclazole 95% TC climbed to about USD9,563/t in June 2013, up 2.54% and 4.43% respectively compared with those in May and Jan. 2013. It is estimated that the tight supply of tricyclazole technical will be alleviated with the ending of the export peak of fungicides and the ex-factory price of this triazole fungicide will see a slight fall back in the near future.
Output of insecticide increases by 2.20% YOY in June 2013
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