In July, China's glyphosate market declined significantly in the first half of a month, and the market stopped falling in late month. It is expected that the price of glyphosate dropped slowly in the later stage. Regarding production, the average operating rate of TC factories declined from the previous month by roughly 57%. Regarding raw materials, the market price of yellow phosphorus was first stable and robust, then fell slightly. PMIDA market remained stable.
In terms of policy, on 2 July, the General Office of the Shanxi Provincial Government issued the "Implementation Plan for Accelerating the Construction of a Waste Recycling System in Shanxi Province," combining key areas such as industry, agriculture and construction to renewal equipment, automobiles, household appliances, and home furnishings, and to smooth out the resource recycling chain, to accelerate the construction of a waste recycling system. On 8 July, the Ecological Environment The Ministry of Ecology and Environment issued the Interim Provisions on Management of Ecological Environment Zoning Control, which clarified the requirements for sub-area control programs, implementing and adjusting.
In terms of enterprise updates, Shandong Weifang Rainbow Chemical Co., Ltd. delayed 30,000 t/a glyphosate SG project; the Environmental Protection Acceptance of the completion of Anhui Komu International Chemical Fertilizer Co., Ltd. (Anhui Komu)'s 12,000 t/a PMIDA expansion project was publicised; environmental impact (EI) report of the glyphosate production upgrading project filed by Jiangsu Zhenjiang Jiangnan Chemical Co., Ltd. (Zhenjiang Jiangnan) was approved.
Glyphosate China Monthly Report
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