In July, there was a noticeable increase in the ex-works prices of glyphosate in China, primarily due to stable supply from manufacturers and increased downstream demand, which together drove up prices. It is anticipated that, influenced by high-temperature maintenance, the prices of glyphosate will continue to rise.
Company dynamic: On 25 July, EI report of Xinjiang Norif's 20,000 t/a PMIDA and 30,000 t/a IDA construction project was publicized; On 9 July, Yichang Xingfa broke ground on its Xingfa Baogu Phosphorus-Chemical Industrial Park and Chufeng New Materials Project in Baokang County, Xiangyang City, Hubei Province.
Policy: On 15 July, Shandong issued the Several Measures of Shandong Province to Optimize Pesticide Management Services; On 8 July, Shandong issued the Pesticide Business 'One Thing' Implementation Plan, aiming to streamline approval processes, optimize the business environment, reduce administrative burdens, and support rural revitalization.
Ongoing project: Sichuan Guanzhi's 459 t/a glyphosate formulation project passed acceptance check; EI report for Jiangsu Jiacheng's 60,000 t/a polyformaldehyde project publicised, etc.
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