Price & Supply Trend: China’s import and export being restrained by epidemic, pesticide niche products at low load of production

 

As being affected by the price fall of sterilant herbicide technical, the prices of nicosulfuron and clethodim have risen most during this week; the prices of thidiazuron, glyphosate, cyhalofop-butyl and diquat mother liquid have fallen most. Over the month, the speed of purchase orders coming from overseas market for glyphosate technical has slowed down, the low-priced stocks acquired before the Chinese New Year are coming into the market, which helps to lower the price level on the market; glufosinate technical is still in short supply; diquat mother liquid season is coming but the overseas orders are still stagnant. The pendimethalin production load is low, the stocks are being gradually expended. The export of fomesafen is weak, purchases in domestic market are cautious. Due to the impact of environmental compliance regulation, the trifluralin production load is insufficient and the products are mostly for export. With the initiation of the mesotrione technical market, more and more manufacturers have joined offers for supply, having resulted in an increased competition. The price of the upstream raw material of bentazone technical has risen this month, thus the terminal product price has risen to certain degree.The supply of the upstream raw materials of clodinafop-propargyl has eased slightly, the price has fallen to some extent but still stays at a high level. The clethodim production load is insufficient, the market demand is increasing, in addition to the impact from the shortage of (3-trans-Chloroallyl) oxyamine and ethanethiol, the price still remains high while staying in short supply. The amide herbicides are in short supply, being restricted by production. The 2,4-D technical stocks have decreased, production load of manufacturers have increased. Affected by India, the price has increased this month. There are very few manufacturers that have started production of oxadiazon, there is a big gap of export orders, price is quoted high, and the supply is short. Atrazine stocks are quite large, replenishment has started, and the price has started to decline.

Part of domestic herbicide prices:

Product（TC）	100% basis/ actual concentration	Price（1000 RMB/ton）
Nicosulfuron	95%	370.0
Clethodim	100% basis	150.0
Thidiazuron	97%	350.0
Glyphosate	95%	21.0
Cyhalofop-butyl	97%	160.0
Diquat	40%	35.0
Glufosinate-ammonium	95%	130.0
Pendimethalin	96%	49.0
Mesotrione	97%	225.0
Clodinafop-propargyl	95%	310.0

 

 

Insecticides technical have declined sharply by 19%, but cypermethrin, pymetrozine, spirodiclofen technical are still in short supply, leading to the price rise situation. Due to the depressed export, the stocks of neonicotinoids technical are at high level, with price staying low. The acetamiprid intermediates stay high, the demand is just average; the price of nitenpyram technical is declining; the thiamethoxam is at low load of production, staying in a slightly short supply with the price rising; the price of clothianidin technical is rising, being mostly supplied for export. The dinotefuran technical market has attracted attention while production capacity is under restriction. Affected by the epidemic situation in India, the price of the upstream m-Phenoxybenzaldehyde of pyrethroids has increased and the stocks are decreased. 

 

The pymetrozine technical stocks are being expended, the supply still cannot be fulfilled, the short supply situation may still continue. The fluidinamide technical terminal market broke out, with the volume of transactions being increased. The chlorfenapyr technical, bifenazate technical and methoxyfenozide technical, which are all facing the pressure of production centralization, have been affected by the epidemic, being running at low load of production, having resulted in a short supply situation. Affected by the increase in demand, the prices of organophosphorus pesticide technical have risen to some extent. The malathion technical still stays at the high level of Yuan29000 / ton, due to the increased purchase orders for the purpose of treatment to the locust plague. With the increase in demand, the chlorfluazuron technical is in short supply; the lufenuron technical stocks have decreased, the import of the upstream intermediate from India is restricted, having resulted in the short supply situation.

Part of domestic insecticide prices:

Product（TC）	100% basis/ actual concentration	Price（1000 RMB/ton）
Cypermethrin	94%	95.0
Pymetrozine	97%	220.0
Spirodiclofen	97%	145.0
Acetamiprid	97%	132.0
Nitenpyram	95%	188.0
Thiamethoxam	97%	96.0
Flonicamid	96%	1,150.0
Chlorfenapyr	97%	275.0
Malathion	90%	29.0
Chlorfluazuron	98%	500.0

 

 

The main production locations of fungicides are largely distributed in Jiangsu and Zhejiang regions. Due to the earlier environmental compliance regulatory policies, the production load has been insufficient, thus the stocks of triazole technical, cyazofamid technical, prochloraz technical and trifloxystrobin technical are at low level, resulting in a short supply. The difenoconazole technical production load is low, with stocks at low level and price rising, where a gap of demand has existed. The export of propiconazole technical is relatively depressed, with the price staying at low level; the demand for hexaconazole technical has increased while the production load is low, resulting in short supply for a short period of time; the tebuconazole technical manufacturers are running at low load, the stocks are at low level, whilst the export demand for the upstream intermediates are high, with price going up. The domestic epoxiconazole technical production load is low, resulting in an extremely short supply. The pyraclostrobin technical production load has increased, the supply has increased; the trifloxystrobin technical production has not started, the stocks available on the market is low, with price staying high, staying in a short supply situation. The manufacturers of carbendazim technical and thiophanate-methyl technical are under great pressure of environmental compliance regulation and are running just as ordinary; the cyazofamid manufacturers are running at low load, there are few stocks available on the market and the supply is short. The dimethomorph technical production load is improving, but the stocks are still not enough; the supply of diethofencarb and iprodione is still short, for which the current market depression covers up the shortage. 

Part of domestic fungicide prices:

Product（TC）	100% basis/ actual concentration	Price（1000 RMB/ton）
Difenoconazole	96%	260.0
Propiconazole	95%	95.0
Hexaconazole	95%	160.0
Tebuconazole	97%	200.0
Epoxiconazole	97%	800.0
Pyraclostrobin	98%	190.0
Trifloxystrobin	97%	600.0
Carbendazim(white)	97%	36.0
Carbendazim(grey)	97%	37.0
Cyazofamid	95%	900.0

 

 

Over the month, crude oil price has fallen sharply, which could not back up the cost and supply of basic chemical raw materials. In the month, the actual CCMP transactions have declined; CCMT market supplies have decreased and the prices are rising. The pyrethroid intermediates such as dimethyl-4-pentenoic acid methyl ester and lambda-cyhalothric acid are relatively stable, whilst the price of m-Phenoxybenzaldehyde is rising due to the impact from Indian supply, which may however still change at a later stage.


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