The Brazilian Government has issued communiques clearly, the end of the herbicide glyphosate originating in China anti-dumping review investigation. The industry believes that the news of the Chinese enterprises to expand exports of glyphosate is of positive significance.

At the same time, since August, slightly higher glyphosate prices, coupled with lower raw material costs, the industry's profitability is expected to become better.

Eliminate the threat of punitive tariffs on Brazilian

Reporters learned that the plaintiff Fang Meiguo May this year, Monsanto has submitted information to the Brazilian government, the request originating from China's anti-dumping review of investigations of glyphosate, such as customs duties collected proved insufficient to offset the damage caused by , additional glyphosate in China will impose punitive tariffs.

But recently, Monsanto application for withdrawal. Monsanto, said the review to abandon anti-dumping investigation, mainly on account of the current international economic situation, there is uncertainty and unpredictability.

Glyphosate is an important Chinese pesticide companies export products, review the termination of the investigation, the Chinese enterprises to expand exports of glyphosate is of positive significance.

Glyphosate to good corporate profits

Termination in Brazil anti-dumping investigation on China, while glyphosate, glyphosate prices began to bottom out, small step up.

Reporters learned that, since August, the price of glyphosate in some areas rose by 1,000 yuan per ton, the current price per tonne 22,000 mainstream -2.25 million.

The industry believes that the current round of price increase due to glyphosate on several fronts: First, from raw material perspective, glycine prices this week, rise by 300 yuan/ton to 10,900 yuan/ton, lead to increased production costs; the same time, becoming southwest hydropower in tension,Encourage price increases phosphorus; second, from the time point of view, the current season is about to enter glyphosate demand, manufacturers and traders increase price, resulting in the actual transaction increases; third, from the factory started, in August of glyphosate phosphine production has weakened more than in July, the most recent order is gradually increased, factories are pushing up prices, for September, October, to prepare the export season.

At the same time, with the recent Chinese coal prices fall, the foundation required for the production of pesticides raw material prices have stabilized, declining corporate profits glyphosate in China the situation is expected to end.

This articlefrom:China Trade Information (http://en.zgxu.com),detailed reference to the above website.