The tight supply of glyphosate seems eased in China in May 2012, as the domestic and overseas purchasing tide in this spring is going away. However, glyphosate price has been maintained at the same level as that in April 2012, indicating the increasing pricing competence (or price bargaining power) in Chinese glyphosate technical producers. Chinese glyphosate could gain slim profit under current price.
The high growth in glyphosate export and increased operating rate in Q1 2012 have encouraged some glyphosate manufacturers in China, and some of them even believe a promising demand growth resume glyphosate expansion. However, could the future growth rate of future overseas demand and profit margin last as that in Q1 2012? Undeniably, the overcapacity of glyphosate in China is very serious, and this condition of surplus supply will not be reversed in the future two years. Will Chinese glyphosate industry suffer from profit loss again in the future two years? Glyphosate expansion in China faces much risk, actually.
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