On 27th of June, Psyche Chemicals just celebrated her 8th Anniversary in South Beauty, Xintiandi branch, one of the most attractive and luxury place in Shanghai. More than 30 Psychem’s regular business partners and pesticide manufacturers were invited to the cocktail dinner party to witness the success stories of Psyche Chemicals throughout the past eight years.

It was indeed a small version of agrochemicals seminar, where everyone enjoyed exchanging latest market information and sharing personal views on future trend. The event was full of joys and laughter. It was indeed a symbol of Psychem’s long term growth.

By Lynn

Some pesticides' tax refund has been increased from 1 st June 2009, claimed in the <Report of increasing some products' export tax refund further> by Ministry of Finance and DGI.

In this report, the tax refund of dicofol and chlorfenethol has been raised to 9%, carbofuran has been raised to 13%, pyrethrum and other plants' sap and extractum used to be made as the pesticides tech and formulation has been raised to 15%.

By Jane

The insecticide Abamectin is believed to reach its peak season in May. Price of technical product has been rocketed to over USD160 per kilogram last month as pushed by local market. Most marketers expected to see a significant fall in demand and production capacity after mid of June.

According to Abamectin's manufacturers, the market is highly-heated since April, the cool down process was slow. But latest forecast showed that as most local market gaps are filled up, the price will be slumping continuously in the following few months. As most formulators have kept enough stock for the year, local demand will see a significant decrease. As a matter of fact, manufacturers are putting high expectation for export sales rise in the following half year.

Due to climate change, the use of insecticides is much affected by the change in life cycle pattern of the insect community.

By Lynn