中国除草剂月报(中国除草剂月报202206)

Into June, prices of most herbicides TC were quite stable, mainly because of declined downstream demand. Propped up by cost, most herbicides TC saw their prices at a high level, the prices experiencing YoY growth as well as small MoM slip.

As to company dynamics, Jiangxi Heyi plans to optimise its product structure of pesticides TC and intermediates while relocating outside the 1km range to the Yangtze River. Jiangsu Henglong and in its wholly-owned subsidiary Lianyungang Jindun, finishing rectifications, have applied for production resumption and now waits for government approval. Shandong Exceris has planned to expand its trifluralin production capacity.

As the temperature climbed fast in June, stable electricity supply is of growing importance to smooth industrial production. On 7 June, NDRC General Office and NEA Comprehensive Department jointly issued the Notice of Further Promoting Involvement of New Energy Storage in Electricity Market and in Power Dispatching. The notice further clarifies market positioning of new energy storage, calls for establishment and improvement of related market mechanism, pricing mechanism and operating mechanism, and guides the industry onto a healthy development path.

The USD/CNY exchange rate in this newsletter is USD1.00=CNY6.6651 on 1 June, 2022, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.