Guangzhou, Guangdong -- (SBWire) -- 08/29/2011 --The August issue of Glyphsoate China Monthly Report was released by CCM recently, revealing that the recovery of by-product monochloromethane makes glycine route the best route to produce glyphosate.

The cost of glyphosate technical manufactured by glycine route is lower than that of DEA route and IDAN route, as glyphosate technical manufacturers adopting glycine route could be repaid from the recovered monochloromethane, according to CCM's investigation and estimation.

The average recovery rate is about 500kg by-product monochloromethane when producing one tonne of glyphosate technical, and the recovery cost is less than USD78 (RMB500) per tonne of monochloromethane. The market price of monochloromethane is about RMB3,900/t. It could be calculated that glyphosate manufacturers adopting glycine route can gain about USD178 (RMB1,500) from monochloromethane when producing one tonne of glyphosate technical, accounting for about 6% of glyphosate technical production cost. Thus, totally, glycine route glyphosate has about USD125/t (RMB800/t) cost advantage over IDAN or DEA route glyphosate. And that's one of the key reasons why more glycine route glyphosate technical manufacturers are operating.

Following highlights are covered in the August issue of Glyphsoate China Monthly Report
- Redsun Group's reorganization has no help to its glyphosate business.
- Anhui Huaxing falls into continuous loss in H1 2011, due to the depressed glyphosate market.
- Deadline of ChemChina's acquisition for MAI has been extended to 30 October 2011.
- Brazil ceases anti-dumping mid-term review investigation on Chinese glyphosate, but there are not many market responses.
- Monochloromethane recovery contributes to glycine route's cost advantage.
- Increased manpower cost aggravates vulnerable glyphosate industry.
- Expanding downstream products is the key solution to ease Chinese IDAN's severe surplus.
- Glyphosate price slightly increases in August 2011, but it remains undervalued.
- China experiences decrease in glyphosate A.I. export but enjoys increase in total export value in H1 2011.
- Glyphosate export volume keeps stable in June 2011.
(Guangzhou China, August 24, 2011 )

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