On 20-22 October, 2012, the 12th AgroChemEx will be held in Shanghai City, but Chinese glyphosate market is quiet. The current quotation of glyphosate technical is less than that in September 2012, and most traders are also holding a wait-and-see attitude, wanting to get a relatively low price of glyphosate after AgroChemEx. In spite of all this, the price of glyphosate technical is the highest one at present, up by 4.49% in early October over the corresponding period of September 2012. However, the prices of raw materials still increase this month. Besides, the exchange rate of RMB against U.S. dollar keeps increasing little by little, which would reduce the profit further in glyphosate business of China's glyphosate producers depending highly on overseas market.
Southern Hemisphere's glyphosate market, as one of the most important glyphosate market for domestic and foreign glyphosate players, has been in the demand season for glyphosate related products, and both domestic and foreign glyphosate producers would increase the sales efforts in Southern Hemisphere's countries, such as Argentina, Brazil, Australia and South Africa, which would cause the competition to be more fierce.
On the condition that the demand season for glyphosate in Southern Hemisphere's countries has come and the competition of glyphosate market share in these countries is intensifying, will the price of China's glyphosate related products keep rising in the next few months?
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