Source: Bing

1. Glyphosate producers increase quotation

The glyphosate quotation kept increasing recently. Zhejiang Jinfanda increased the glyphosate quotation by USD44.26/t – USD73.77/t in Oct. 2016 and the common glyphosate quotation in China increased to USD2,950.98/t – USD3,024.75/t. Earlier in Sept. 22 2016, the glyphosate giant in China, Fuhua Tongda Agro-chemical Technology Co., Ltd., increased the glyphosate quotation by USD73.77/t, up 11% YoY, based on the news in CCM Online Platform.

CCM believed that the continuous increasing quotations by glyphosate giants were mainly attributed to two reasons – the environmental pressure from the Chinese government; and the peak season overseas.

Due to the environment inspections on the producers by the Chinese government, glyphosate producers will be hugely influenced in its operation rate, especially those producers in Hubei Province and Sichuan Province, the key provinces in producing glyphosate in China with the total capacity of 320,000 tonnes accounting for nearly 50% of the total glyphosate capacity in China.

With the peak season for purchasing glyphosate from the overseas market, the demand on glyphosate export increased.

With the said reasons, the supply and demand will be improved in China glyphosate market.

2. Price of fungicide technical keeps increasing

In Oct. 2016, prices of avermectin and emamectin benzoate stopped falling and rebounded. The producers have low inventory, thus, their delivery was tight and quotations remained high.

At the end of Oct. 2016, though the quotation of avermectin (powder) went up to USD59,019/t, the producers didn’t take any order easily. As for emamectin benzoate technical, the quotation increased to USD91,480/t, and the producers suspended production for maintenance and there wasn’t enough capacity.

3. Price of neonicotinoid insecticides remains high

Price of neonicotinoid insecticides remains high with low inventory. The producers mainly received overseas orders.

 The price of imidacloprid technical increased to USD14,459/t. The quotation of thiamethoxam technical remained high at USD11,803/t with no inventory. As for nitenpyram technical, its quotation was USD18,886/t, with weak demand and low inventory.

4. Pyrethroid technical insecticide mainly to digest inventory

3,3-dimethyl-4-pentenoic acid methyl ester and m-phenoxy benzaldehyde, upstream product of pyrethroid insecticide, remained low in price. Though the prices were expected to rise, the downstream producers suspended production for maintenance gradually and the market was weak.

In Oct. 2016, the quotation of lambda-cyhalothrin technical was USD20,367/t; that of bifenthrin was USD25,526/t and the quotation of high-chlorobenzene fell to USD4,426/t. Though the operation rates of producers of pyrethroid insecticide were low, the producers still need to digest the inventory.

5. Price of organophosphates insecticide remain stable

Due to the increasing price of ethyl chloride to about USD2,360.78/t, both the quotations of chlorpyrifos technical and phoxim technical went up to USD3,836.27/t and USD3,688.73/t respectively in Oct. 2016. Because of the concentration of the capacity of malathion technical, its price remained stable at USD2,582.11/t.

6. Fipronil technical remains low inventory (insecticide)

With low inventory, price of fipronil technical increased to USD59,019.68/t. Pymetrozine remained at USD219,181.39/t with tight supply. With high inventories, the quotations of spirodiclofen technical and etoxazole technical fell to USD19,476.49/t and USD39,100.54/t in Oct. 2016, for which the producers seemed to clear the inventory by selling them in a low price.

Though chlorfenapyr technical was in low inventory, its prices remained at US26,558.85/t. And the price of propargite remained at USD5,606.86/t, with the expectation to increase.

7. Herbicides producers to increase quotations

Affected by the low inventory, the price of glufosinate-ammonium technical remained at USD17,410.8/t with tight supply. With low inventory, quotations of trifluralin technical increased to USD4,721.57/t, and trifluralin technical was mainly for export. Fomesafen technical was also for export trading mainly, with its quotation increasing to USD13,279.42/t due to the price growth of its upstream intermediate.

As for herbicides for corn, affected by the tight supply of intermediate, the quotation of nicosulfuron technical went up to USD24,788.26/t; that of mesotrione technical increased to USD18,148.55/t; while that of atrazine technical remained at USD2,655.88/t.

8. Price of amides herbicides remained stable

The quotation of metolachlor technical was USD3,614.95/t; that of pretilachlor technical was USD5,237.99/t; and that of acetochlor technical was USD2,950.98/t. The price of amides herbicides will be affected by the market of their upstream intermediate aniline and MEA.

9. Traditional fungicides are weak in their market performance

Affected by the weather, poor market performance of cash crops, high inventory, and new kinds of substitutes, traditional fungicides are weak in their market performance overall. However, the supply of pyraclostrobin technical was tight with the high quotation of USD51,642.22/t.

10. Supply of triazoles fungicides remains tight

With low inventories and weak demand, the quotation of difenoconazole technical was USD19,919.14/t; that of propiconazole technical was USD15,492.66/t; and that of technical remained at USD13,722.07/t.

As for tebuconazole technical, with low inventory, low operation rate of the producers and high price of its intermediate, its quotation was USD10,623.54/t in Oct. 2016. The quotation of tricyclazole technical was USD6.934.81/t with tight supply.

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