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Price & Supply: pesticide technical and intermediate production at low load

Date:09-19-2018

The Central government organized an environmental regulatory compliance inspection which has continued nationwide in China, leading to continued shutdown of chemical parks in China.  No timeline has been published for the resumption of operation of chemical parks in North Jiangsu, and the volume of pesticide technical and intermediate production  is still  low this week. Also, the upstream supply side is cautious about  accepting purchase orders, as the volume of deals  remains much depressed.
 
The cost of high-level energy tariffs has been gradually passed on to downstream basic material vendors, the prices of which have appeared to be rising. It is expected that higher costs of basic materials will impose pressure  on the chemical industry at a later stage.

Herbicide
 
Compared to the same period  last year, the prices of diquat concentrate, propisochlor technical and metolachlor technical are falling. However, pretilachlor technical, glufosinate technical, pendimethalin technical and acetochlor technical  have remained at the same price level. All others are rising.
 
Compared to last week, glufosinate technical is falling; mefenacet technical, glyphosate technical and diuron technical are rising. The rest of the herbicides have mostly  remained stable.
 
Prices of some herbicides as below:
Product（TC）
Price（000 RMB/ton）
2,4-D
24
Mefenacet
75
Glufosinate-ammonium
168
Glyphosate
28.5
Diquat
45
Diuron
50
Oxadiazon
260
Trifluralin
37
Propisochlor
26
Clomazone
85

Insecticide
 
Compared to last year, the prices of pymetrozine technical, dinotefuran technical and clothianidin are falling. Trichlorfon technical, dichlorvos technical and isocarbophos technical  have remained at the same price level. All others are rising.
 
Compared to last week, imidacloprid technical, acetamiprid technical, chlorpyrifos technical and spirodiclofen technical are falling. The  remaining insecticides have mostly been  stable.
 
Prices of some insecticides as below:
Product（TC）
Price（000 RMB/ton）
Abamectin（Powder）
750
Imidacloprid
190
Acetamiprid
190
Chlorpyrifos
52
Clothianidin
170
Spirodiclofen
155
Thiamethoxam
130
Fipronil
700
Beta-cyfluthrin
320
Indoxacarb
1200

Fungicide and Intermediate
 
Compared to last year, the prices of pyraclostrobin technical and boscalid technical are falling. Carbendazim technical and thiram technical have remained at the  same price level. All others are rising.
 
Compared to last week, cyazofamid technical is falling, while difenoconazole technical, azoxystrobin technical, tebuconazole technical and iprodione technical are rising. The rest of fungicides and intermediates are  stable.
 
Prices of some fungicides as below:
Product（TC）
Price（000 RMB/ton）
Chlorothalonil
50
Difenoconazole
250
Pyraclostrobin
230
Azoxystrobin
375
Cyazofamid
750
Tebuconazole
145
Iprodione
170
Mancozeb WP
23
Carbendazim (white)
38
Prochloraz
160

At present, factories are anxious to start production, but are depressed by the strict environmental regulations. Even though the conventional chemical business is currently  in its low season, purchase orders for both domestic demand and for export have increased,  compared to the same period last year. It is foreseen that the ex-work prices of pesticide technical and intermediates will still stay at higher levels and vendors  might be unwilling to sell. The market is expected to  remain high. 
 
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