Fungicides China Monthly Report

In December, fungicide raw material prices declined overall with wide fluctuations in specific chemical inputs. The fungicide technical market kept steady with prices remaining flat or moving within a narrow range.

Company dynamic

• On 1 December, Anhui Jiuyi filed for IPO tutoring with the Anhui Securities Regulatory Bureau, with Guoyuan Securities as the tutor, marking the restart of its listing process on the Shenzhen Stock Exchange.
• On 11 December, Hailir held its 2025 semi-annual and Q3 earnings conference, where management discussed operational performance and strategy with investors.
• On 12 December, Jiangsu Yangnong successfully held an "Inside Yangnong" investor exchange event at its Northern Base in Huludao, Liaoning, facilitating discussions on operations and future plans.

Policy

• The Ministry of Ecology and Environment is revising the Environmental Impact Assessment Classification Management List, proposing to simplify procedures for low-risk projects while strengthening oversight for high-risk sectors like pesticide manufacturing.
• The Hainan Free Trade Port implemented its island-wide customs closure operation on 18 December. The new "zero-tariff" and tax exemption policies are expected to systematically impact the agricultural inputs industry.

Registration
On 27 November, the Institute for the Control of Agrochemicals proposed registration approval for 111 new fungicide products, with major active ingredients including fludioxonil, fluopyram, pyraclostrobin, and azoxystrobin.

Disease

• Jiangsu Province emphasized strengthened pest monitoring in facilities and orchards during a early-December training, with special focus on citrus yellow shoot.
• Surveys in Ningxia in mid-December indicated widespread disease occurrence in facility agriculture, with diseases like tomato powdery mildew and cucumber downy mildew reaching moderate to severe levels in some areas.

Trade
In November 2025, China's export volume of fungicide formulations reached 28,316.75 t/a, up 27.72% YoY. The export value reached USD1,307.81 million, an increase of 31.16% YoY, with the average export unit price rising 2.69% YoY.