Guangzhou China, April 22, 2011– China is the largest paraformaldehyde producer and consumer in the world with its capacity reaching 442,000 tonnes in 2010, over 10% compared with that in 2009. A sign of overcapacity of paraformaldehyde seems increasingly clear in recent years. Statistics shows about 80% of China's paraformaldehyde is used to produce glyphosate and the rest is used in dentistry and in the manufacture of synthetic resins and artificial ivory. Thus, the development and market of glyphosate has significantly impacted the development of paraformaldehyde.
In recent years, glyphosate has witnessed a hazy market with fluctuating prices and more challenges. Entering into 2011, pesticide production, with glyphosate included, in China has entered a high-cost stage. The prices of conventional pesticides in the first two months increased by 10% - 20%. The major reason is that the major raw material price hikes - the price of paraformaldehyde increased to USD840/t. What's more, with large quantities export volume and low price, Brazil, Argentina, the EU and the United States have initiated anti-dumping investigations on China's pesticide products. The rising awareness of the environmental protection and emissions-reduction policy have increased the operational costs of pesticide manufacturers.
Facing those challenges, where are the commercial opportunities of glyphosate industry and its upstream raw material-paraformaldehyde?
With 8 years' research experience and study resources on glyphosate and paraformaldehyde, CCM is going to publish its in-depth updating market report - Paraformaldehyde Production and Market in China, the 2011 edition (7) on 16, May 2011.
The report is of great importance to gain the overall production and market information of the industry, and to find out potential business opportunities and to make wise business decisions in advance with its focuses on:
-Production & market information including its production, prices, raw materials, technology
-Import and export and Consumption of PF in agrochemical, resin and pharmaceutical Industry
-Forecast on influencing factors, supply and demand
-Introduction to active, idle and potential producers in China
For more information of this study, please keep track of our webpage for reports to get the lastest findings http://www.cnchemicals.com/Report/Report.aspx, or you can also contact us at econtact@cnchemicals.com.
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 all through its new proprietary product ValoTracer.
Please visit http://www.cnchemicals.com for more information or contact econtact@cnchemicals.com.
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