中国除草剂月报(中国除草剂月报202211)

In Nov., the majority of herbicides TC have stable ex-works price in China. It should be noted that the price of 2,4-D TC has kept stable, while the prices of glufosinate-ammonium TC and glyphosate TC have quite big drops.

As regards company dynamics, Jiangxi Hetian's 6,000 t/a pesticides TC, 2,800 t/a pesticide formulations and 200 t/a organic intermediate project (phase I ) has come to an end; Jiangsu Sword's wholly-owned subsidiary Ningxia Surongda has recently completed construction of its 76,000 t/a pesticide intermediate project; Shangyu Nutrichem has expanded its mesotrione TC capacity to 4,000 t/a. Besides, Nanjing Red Sun has been ruled to go into pre-packaged reorganisation by the Nanjing Intermediate People's Court.

The USD/CNY exchange rate in this newsletter is USD1.00 = CNY7.2081 on 1 Nov., 2022, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.