In April, the prices of glyphosate raw materials were mixed. Among them, the prices of isopropylamine, iminodiacetonitrile, glycine, and yellow phosphorus increased, while the prices of diethanolamine, glyphosate intermediate (bis-glyphosate), and phosphorus trichloride decreased.
Company dynamic: Weifang Rainbow announced that the two projects related to glyphosate have only adjusted the time for reaching the intended usable state, and the feasibility of project implementation has not undergone any significant changes; Glyphosate giant Fuhua Chemical boosts stake in Shangwei Shares for synergistic layout; Xingfa Group's glyphosate and organic silicon prices have fallen, dragging down net margins. Glyphosate revenue decreased by 50.6% YOY, but Xingfa Group's total revenue slightly increased by 0.41%, and net profit grew by 14.33%. .
Policy: MEP issued the "Opinions on Strengthening the Environmental Impact Assessment Work of Construction Projects Involving New Pollutants in Key Industries", aiming to enhance the management of environmental impact assessment for construction projects involving new pollutants in key industries such as pesticides, to ensure the smooth approval and compliant operation of the projects; Hubei Province issues 2025 scientific prevention and control TC plan for weeds in farmland.
Ongoing project: On 8 April, Henong Zhixing's glyphosate formulation project to be approved. Jiangsu Kuaida's 8,000 t/a glyphosate SL project receives construction engineering permit.
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