The glyphosate market seems well in China in H1 2012, as many active glyphosate producers claimed that the supply was relatively tight and glyphosate price maintained at a profitable level in the first half of 2012. Inspirited by the provisionally profitable glyphosate market, some suspended glyphosate production lines resume production in H1 2012.
Some overseas buyers and domestic traders complain that Chinese glyphosate price has increased too much in H1 2012. In fact, the increase of glyphosate technical price in H1 2012 is a rational improvement from the undervalued glyphosate price, and most Chinese glyphosate technical manufacturers can't obtain much profit from the price uptrend in H1 2012.
It's an exciting thing that glyphosate price could maintain stable under the background of price downturn of bulk chemicals in May and June this year. How will the Chinese glyphosate market go on if the stagnant global economy lasts in the second half of 2012?
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