Herbicides China Monthly Report(Herbicides China Monthly Report 202507)

In June, the herbicide market trend was divergent, with raw material market prices mainly falling and tending to stabilize in the long term; the prices of chlor-alkali industry products fluctuated, and the prices of organic chemical raw materials fell MoM. TC market supply and demand were in a tug-of-war, with domestic demand for stockpiling and export order demand gradually being released, resulting in a slight average increase of 0.36% in TC ex-works prices on a MoM basis.

Company dynamics:

• On 10 July, 2025, the 11,100 t/a pesticide product and 8,200 t/a by-product project (MCPA and MCPA-sodium production line) of Liankai Bio was publicly displayed for phased acceptance.
• On 1 July, 2025, the EI report document acceptance announcement for Tianqi Shengye's 5,000 t/a propanil TC project was published.
• From 8 July–15 July, 2025, nine listed herbicide companies have successively released their earnings forecasts for the first half of 2025. Among them, Fengshan Group, Limin Chemical, Sino-Agri Union, Cynda Chemical, Nantong Jiangshan, and Lier Chemical all all forecast higher net profits.

Policy: On 8 July, 2025, Shandong issued the Pesticide Operation "One Thing" Implementation Plan, aiming to optimize the approval process for pesticide operation and enhance efficiency in handling affairs.

Registration: On 26 June, 106 herbicides was announced to be approved for pesticide product registration. Topramezone leads in the number of product registrations, with 1 TC, 6 single formulations and 4 mixed formulations.

Trade analysis: From Jan. to June 2025, total export volume and value of herbicide formulations from China increased by 14% and 9% YoY, respectively. In June, the export volume and value increased by 26.10% and 18.73% YoY, respectively.

In this monthly report, the USD/CNY exchange rate is USD1.00=CNY7.1534 (Source: The People's Bank of China, 1 July, 2025). Unless otherwise stated, all prices involved in this report include VAT. Export goods are valued at FOB prices. Paraquat is subject to a 9% VAT, while diquat, glufosinate, and glyphosate are subject to a 13% VAT.