Fungicides China Monthly Report

In June 2026, prices of key fungicide raw materials weakened sharply, with most products declining as geopolitical risk premiums faded, cost support unravelled and supply‑demand dynamics shifted. The fungicide technical market remained weak, with clear off‑season demand characteristics. Weaker upstream support and limited essential buying kept most prices under pressure. Only mancozeb and thiram bucked the trend, supported by cost or tight supply, resulting in a pattern of more declines than gains and weak consolidation.

In 2026, China's total planned prothioconazole capacity exceeded 78,000 tonnes, far outstripping global demand. Registrations surged and product homogenisation intensified, driving prices lower and accelerating industry divergence. Companies are seeking a way out through exports and formulation differentiation. In June, Canada released its implementation plan for cumulative risk assessment of triazole fungicides, shifting regulation from single‑active to class‑based evaluation. The US and Europe are pursuing similar efforts, marking the pesticide industry's formal entry into chemical‑family regulation.

Company dynamics

On 29 May, Jiuyi Co., Ltd.'s IPO application was accepted by the Shenzhen Stock Exchange, planning to raise RMB563.76 million (USD82.70 million) for the construction of two pesticide projects, expanding capacity based on its core prothioconazole product. From 2023 to 2025, the company's main operating revenue steadily increased.

Policy

On 2 June, the State Council issued the "15th Five-Year Plan" for agricultural and rural modernisation, anchoring the goal of building an agricultural powerhouse by 2030, setting 15 core indicators and deploying seven key tasks to promote high-quality agricultural development.

Registration

On 28 May, the Institute for the Control of Agrochemicals, Ministry of Agriculture and Rural Affairs, publicized the fifth batch of pesticides proposed for registration in 2026, including 157 fungicide products. Most products are suspension concentrates (SC), with main active ingredients including pyraclostrobin, fludioxonil, kasugamycin, fluopyram, tebuconazole and difenoconazole.

Disease

On 29 May, the national early rice disease forecast showed that early rice diseases in China were generally at a moderate level of occurrence. Sheath blight showed regionally severe occurrence, while rice blast posed a prominent risk of severe outbreaks on susceptible varieties locally. Favourable field cultivation and climatic conditions contributed to disease prevalence. In Hunan Province, rice leaf blast and sheath blight spread rapidly, with occurrence areas surging significantly. Heavy rainfall led to high humidity in fields, posing a high risk of localised outbreaks of bacterial diseases, requiring precise prevention and control during critical windows.

Trade

According to export data from China Customs, in May 2026, China's export physical volume of fungicide formulations reached 28,518.76 tonnes, up 17.68% YoY; export value reached USD135.84 million, up 20.08% YoY; the average export price rose 2.03% YoY.