CCM - Glyphosate TC: ex-works price remains stable in Feb. 2016 03-03-2016

Compared to the first second of Jan. 2016, the ex-works price of glyphosate TC remained stable in the first half of Feb. 2016. It is disclosed that the price would remain at the bottom and may drop slightly before the CAC 2016 held in Shanghai.

 

In the first half of Feb. 2016, China's ex-works price of 95% glyphosate TC was USD2,826/t (RMB18,500/t), which was the same as that in last month while down by 12.32% year on year.

 

The ex-works prices of formulations were:

l 75.7% glyphosate WSG: USD2,903/t (RMB19,000/t), a MoM change of 1.33%

 

Ex-works price of glyphosate technical and its YoY growth rate, Jan.-Feb. 2014/2015/2016

 

Note: 1. The price change is calculated from RMB quotations.

         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.

         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM

 

Ex-works price of glyphosate technical, Jan.-Feb. 2014/2015/2016

 

Note: 1. The price change is calculated from RMB quotations.

         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.

         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM

 

Ex-works prices of glyphosate formulations, Jan. & Feb. 2016

No.

Spec.

2016 01H1

2016 02H1

USD/t

RMB/t

USD/t

RMB/t

1

Glyphosate 41% IPA

1,459

9,550

1,451

9,500

2

Glyphosate 62% IPA

1,803

11,800

1,803

11,800

3

Glyphosate 50% SP

1,941

12,700

1,940

12,700

4

Glyphosate 75.7% WSG

2,865

18,750

2,903

19,000

Note: 1. The price change is calculated from RMB quotations.

   2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.

    3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM

 

 

 

In the first half of Feb. 2015, the ex-works prices of major raw materials and intermediates of glyphoaste remained basically unchanged when compared to last month:

l Yellow phosphorus: USD2,136/t (RMB14,000/t)

l Diethanolamine (DEA): USD1,283/t (RMB8,400/t)

l Glycine: USD1,353/t (RMB8,815/t)

l Iminodiacetonitrile (IDAN): USD1,313/t (RMB8,550/t)

l PMIDA: USD1,382/t (RMB9,000/t)

 

Ex-works prices of glyphosate's main raw materials and ingredients, Jan. & Feb. 2016

Product

2016 01H1

2016 02H1

MoM change

USD/t

RMB/t

USD/t

RMB/t

Yellow phosphorus

2,153

14,000

2,136

14,000

0.00%

DEA

1,302

8,500

1,283

8,400

-1.18%

Glycine

1,356

8,900

1,353

8,815

-0.96%

IDAN

1,303

8,550

1,313

8,550

0.00%

PMIDA

1,371

9,000

1,382

9,000

0.00%

Note: 1. The price change is calculated from RMB quotations.

         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.

         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM

 

It is predicted that the ex-works prices of glyphosate TC and formulations may fluctuate slightly in the coming future as now the downstream market demand has no sign of recovery.

 

 

 

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.

 

Tag: glyphosate

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