AgroPages-China exports 160,200 tonnes of paraquat in Q1-Q3 2016-Agricultural news

By Think Real - According to statistics from Think Real, in the first three quarters of 2016, China exported 160,200 tonnes of paraquat (actual volume, similarly hereinafter), which totaled USD284.4 million. In detail, the volume of TK was 94,700 tonnes, with the value of USD184.3 million; that of formulations was 65,500 tonnes, with the value of USD100.1 million.

Table 1: Export volume and value of China’s paraquat by specification, Jan. – Sept. 2016

Specification	Total Volume, tonne	Total value, million USD
42% TK	47,700	85.4
45% TK	47,000	98.9
20% AS	58,600	89.0
25% AS	6,900	11.1

Source: Think Real

Data showed that after the Chinese Spring Festival holiday in Feb. 2016, the export volume and value of paraquat in China gradually increased during March-June. However, starting from June, they slipped to a large extent and the value decreased more than the volume.

In the first three quarters, the transaction price of paraquat kept falling. In early 2016, the average export price of 42% TK was USD2.07/kg, while it dropped to USD1.58/kg in Sept. That of paraquat 20% AS was USD1.75/kg in early 2016, and it fell to USD1.52/kg in Sept., which rebounded a little over the USD1.36/kg in Aug.

Figure 1: Export volume of paraquat TK and formulations in China by month, Jan.-Sept. 2016