After the 12th AgroChemEx held in Shanghai City on 20-22 Oct., 2012, the price of glyphosate does not change in general and still stays at a high level. Besides, traders' procurement demand for glyphosate in mid-Nov. 2012 is not so strong as that in last two months because most traders are still holding a wait-and-see attitude and expecting to get a relatively low price of glyphosate, which means that future price change of glyphosate becomes a key factor in determining traders' demand for glyphosate produced by China's producers.
In addition, the 18th National Congress of the Communist Party of China is finished on 14 Nov., 2012, but when to promulgate the stringent environmental protection standards for organic phosphorus industry is still unknown, which would probably facilitate the resuming of glyphsoate production in some small and medium producers. Under this situation, will the price of glyphosate remain stable in the following months?
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