The impact of different Chinese glyphosate still difficult to break through the EU market

The EU has finally changed its decision to suspend anti-dumping duties on Chinese glyphosate products after nearly 10 years of anti-dumping taxes on Chinese glyphosate. The European Commission has announced a moratorium on the imposition of anti-dumping duties on imports of glyphosate from China for a period of 9 months.　　However, the release of the EU glyphosate market news of the impact on domestic enterprises is different. As an important region in the global market for glyphosate, the European Union's moratorium on anti-dumping duties on China's glyphosate is a boon to domestic producers, including the Xin ' an shares (600596).　　The company told reporters about the fate of China's glyphosate in the EU market. In February 1998, the European Union began imposing anti-dumping measures on glyphosate imports from China, with a 24% per cent anti-dumping duty. After an anti-dumping investigation in 2000, the European Union decided to raise anti-dumping rates to 48%. Before the expiration of the glyphosate anti-dumping measures in November 2002, the European Union Glyphosate Association applied to the European Commission for a sunset review of the glyphosate anti-dumping measures imported from China.　　After taking into account the interests of EU importers and consumers, the European Commission decided to continue to implement a five-year anti-dumping order on the import of glyphosate from China from October 1, 2004, at a rate of 29.9%. Since the European Union has decided to levy anti-dumping duties on China's imports of glyphosate, Xin ' an shares have begun its advocacy in the EU market.　　As can be seen from the 2008 annual report of the Xin ' an shares, the case is still pending as of December 31, 2008, as the Xin ' an shares were appealed to the European primary Court in December 2004 as a result of its defiance of the ruling.　　After learning that the EU suspended anti-dumping duties on glyphosate, the company said that because of the higher threshold of the EU, domestic glyphosate products into the EU market is difficult, the EU suspended anti-dumping anti-dumping tax on the company to open up the European market has a certain positive impact. Analysts have also expressed similar views. Zheng, a researcher at Xingye Securities pesticide industry, appears to have seen a significant glut in the supply of glyphosate markets due to the blind expansion of domestic enterprises in glyphosate production in recent years.　　The EU's moratorium on anti-dumping duties on glyphosate is an opportune time for domestic glyphosate companies to expand export channels and balance supply imbalances. However, the release of the EU glyphosate market news of the impact on domestic enterprises is different. It is hard to benefit directly from domestic companies that have been selling directly in the EU through foreign middlemen.　　A glyphosate production company in East China, for example, has entered into a long-term supply contract with the world's leading agricultural chemical company ——— The Swiss first and German chemical trading company, and therefore the sales of the products in the EU market are largely not bound by the EU. A company in east China said in an interview with reporters that, for a long time, because of the EU's domestic glyphosate products restrictive, high certification costs, long audit time, so the company in the EU market sales through foreign brokers, the EUThe suspension of anti-dumping duties on glyphosate can be said to be not too much impact on the company, only to say that the future of the company in the EU market direct sales opportunities.　　Guotai researcher Ningjing also agrees with the above people, and she believes that the reason that domestic glyphosate products did not appear on the EU market on a large scale is not due to the imposition of anti-dumping duties. Ningjing to reporters, "the EU market entry threshold is more refers to its product certification fees, as well as domestic medicine into the EU market, the EU has set a number of specific restrictions on glyphosate, the certification process is very complex, the cost is very high, a variety of registration down to say less than millions of U.S. dollars, Domestic enterprises are generally unwilling to bear such costs. Therefore, the domestic enterprises will not because the EU suspended anti-dumping duties and large-scale exploration of the EU market, which determines the opening of the EU market is difficult to improve the domestic glyphosate production capacity of a serious surplus. ”