Insecticides China Monthly Report

In July, the insecticide market operated differentiatedly and all kinds of varieties of insecticides price trends were different. The average price rose by 0.36% MOM and the increase compared to the previous month was higher, down 3.62% YOY. Among them, the original TC abamectin and methocarbamol market demand continued to increase. Nicotine insecticides ex-works prices fell, Chrysanthemum insecticides remained stable, organophosphorus insecticides in addition to the original TC acephate methamidophos and chlorpyrifos original drug prices fell, the rest of the categories of insecticide prices flat compared to the previous month. Acaricides, carbamates and other insecticides TC prices rose steadily, most of the products ex-works prices were stable. Main raw materials of insecticides TC differed in ex-factory price trends as prices fell 2.91%. Among them, ethylenediamine, O,O-diethylthiophosphoryl chloride, O,O-diethylthiophosphoryl chloride and 2-chloro-5-chloromethylpyridine (CCMP) prices MOM were flat last month. N-nitroiminoimidazolidine prices declined. In addition, the price of sodium hydroxide rose by 1.77 per cent from the previous month, while the prices of bromine, phenol, liquid ammonia and methanol declined.

Enterprise: ABA Chemicals Corporation released an announcement on the company's intention to terminate the "Nantong base new production line project" (Nantong project); Gansu Weiersheng annual output of 8,000 tonnes of pesticide TC, pesticide intermediates, pharmaceutical intermediates (Phase I) production project EIA publicity, proposed to increase the production capacity of pesticides 2,900 t/a. The company also announced that it will increase the production capacity of pesticides to 2,900 t/a. The company has been working on the development of ABA Chemicals Corporation, which is expected to be completed in the near future.

Policy: The Ministry of Agriculture and Rural Affairs of the People's Republic of China General Office issued a letter on the solicitation of opinions on the control measures of aluminium phosphide, chlorinated bitter, agriculture and rural areas proposed to aluminium phosphide, chloropicrin and other two highly toxic pesticides to take control measures; Jiangxi Province, issued by the Office of Industry and Information Technology to promote the implementation of industrial equipment renewal and technological renovation programme, and strive to promote the implementation of 1,000 or so key technical renovation projects each year (including renovation, expansion construction, relocation), to promote the implementation of the project. The programme aims to promote the implementation of technological renovation in about 10,000 enterprises.

Registration: The Institute for the Control of Agrochemicals, Ministry of Agriculture and Rural Affairs of the People's Republic of China announced the 7th batch of pesticides to be approved for registration, of which 91 pesticide products are to be approved for registration. Regarding the dosage form of the products, most of the products are SC, and the toxicity is mainly low.

2024 Jilin Province rice stem borer occurrence trend forecast, is expected this year in Jilin Province soybean aphid for moderate to light occurrence. 2024 Heilongjiang Province rice stem borer occurrence trend forecast, is expected this year in Heilongjiang Province rice stem borer overall will be light occurrence, local areas of individual plots of moderate occurrence.

The export volume of China's exported insecticide formulations in Q2 2024 rose by 25.53% YOY; the export volume rose by 23.30% YOY, and the average export price decreased by 1.77%. In June, the export volume of exports rose by 23.76% YOY, the export value rose by 30.50% YOY, and the average export price rose by 5.44% YOY.