Market analysis: In June, the overall prices of insecticides remained stable, with some product prices experiencing a slight decrease. Among the products with price fluctuations, lambda-cyhalothrin TC and acetamiprid TC prices saw a relatively noticeable decline, while the rest of the products remained stable.
Enterprise dynamics: Pesticide formulation leader Guangxi Tianyuan's IPO application accepted; Guang'an Lier plans 2,000 t/a chlorantraniliprole TC capacity; Jiuquan Yupeng proposes 13,000 t/a insecticide intermediates capacity; Huludao Lingyun Group plans to add 1,500 t/a malathion capacity.
Policy:The Sichuan Province Carbon Footprint Management System Construction Implementation Plan aims to establish and improve the carbon footprint management system, promote green low carbon development in Sichuan Province, and enhance the competitiveness of products in the international market; On 28 May, MARA issued a notice titled Notice on Soliciting Public Opinions on the Labeling and Instruction Requirements for Pesticides, aiming to further regulate the management of pesticide labels and instructions, ensure the safety and effectiveness of pesticide use, and protect the interests of farmers and the ecological environment.
Trade analysis: from Jan. to May 2025, the physical volume of insecticide formulations exported from China reached 211,163.29 tonnes, a YoY increase of 31.87%; the export value rose by 20.75% YoY, while the average export price fell by 8.43% YoY.
Pests: On 5 June, the National Agro-Tech Extension and Service Centre reported that the overall trend of early rice pests and diseases across the country in 2025 is moderate, with an estimated affected area of 16.5 million hectares; On 26 May, according to the Plant Protection and Quarantine Station of Guizhou Province, rice water weevil in Guizhou Province was expected to occur moderately to heavily in 2025, with an affected area of approximately 28,700 hectares.

