According to CCPIA Monthly Bulletin of Statistics of China Pesticides, in Aug, VWAP of glyphosate TC increased slightly by 3.5% MoM. With more than 20 manufacturers operating in Aug, the monthly output kept same level with that of Jul, while sales volume decreased by over 10% than MoM. When it came into Aug, overseas market of glyphosate began to warm up, however it seemed there was not much impact to domestic market.
Overall, the impact of glyphosate scrutiny on the market has been slightly moving off, while the market of upwards and downwards becomes the main factors that influence glyphosate market. According to experience, yellow phosphorus' price increases in Sep every year, perhaps it'll bring up the price of glyphosate next month, we'll see.