In July, the domestic pesticide market remained weak, with most technical prices declining. Domestic demand was limited to essential restocking, while exports relied on earlier order deliveries. On the supply side, producers adjusted operating rates flexibly, and tighter safety controls during the summer heat further constrained capacity, leaving the market in a low‑supply, low‑demand pattern. Raw material prices remained volatile on geopolitical risks, squeezing producers from both the cost and demand sides. With the off‑season in full effect, downstream restocking appetite stayed weak, offering little support.
Looking back over the first half of the year, policy shifts were a major source of market volatility. Domestically, the "one certificate, one product" rule sparked a wave of registration activity, with proposed registrations surging. The removal of export tax rebates on selected pesticide technicals led to a temporary spike in exports in the affected months. Abroad, bans and restrictions in countries such as Myanmar created a clear policy window, driving concentrated buying and stock clearance—pushing volumes up sharply while values lagged, creating a pronounced volume‑price divergence. Overall, the pesticide market showed clear phase‑specific fluctuations in response to multiple policy forces.
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