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Fertilizer and pesticide prices may continue to run high
2021/10/9 15:16:53


Fertilizer and pesticide prices may continue to run high


Increase in raw material prices

By the continued rise in raw material prices, export-led growth, limited domestic inventory and increased demand, the spot supply of fertilizer and pesticide products is tight, and the price has risen.

 

Coal, sulfur, sulfuric acid, phosphate rock and ammonia prices continued to rise in the first half of the year, pulling the increasing cost of urea and phosphate fertilizer. The cost of glyphosate raw material has increased again and again, and manufacturers are more willing to increase prices.

 

Factories are limited by the impact of electricity, and productivity declines seriously

From last week's list of commodity prices in the chemical sector, there are 61 kinds of rising, of which 19 kinds of commodities rose more than 5%, among which yellow phosphorus rose 73.91%, methylene chloride rose 56.84%, and phosphoric acid rose 41.76%.

 

Raw material

Monday

Sunday

Unit

Growth rate

The year-on-year growth rate

Yellow phosphorus

34500.00

60000.00

RMB/T

73.91%

285.85%

Dichloromethane

4240.00

6650.00

RMB/T

56.84%

181.78%

Phosphoric acid

8700.00

12333. 33

RMB/T

41.76%

154.30%

Trichloromethane

3300.00

4600.00

RMB/T

39.39%

151.37%

Caustic soda

652. 50

895. 00

RMB/T

37.16%

97.79%

Epichlorohydrin

15866. 67

20333. 33

RMB/T

28.15%

76.81%

R134a

26166. 67

32166. 67

RMB/T

22.93%

106.64%

Acetic acid

6126.67

7050.00

RMB/T

15.07%

176.11%

Acetic anhydride

9862. 50

11150.00

RMB/T

13.05%

100.45%

Lithium hydroxide

148000. 00

163000.00

RMB/T

10.14%

198.17%

Aniline

10266. 67

11300. 00

RMB/T

10.06%

137.06%

Organosilicone DMC

38333. 33

42000. 00

RMB/T

9.57%

142.31%

Acetic ether

8450.00

9100.00

RMB/T

7.69%

60.14%

Benzene

8080. 00

8680.00

RMB/T

7.43%

156.05%

R22

23000. 00

24666. 67

RMB/T

7.25%

66.29%

Oxalic acid

10220. 00

10920. 00

RMB/T

6.85%

66.46%

Hydrogenation of benzene

7970.00

8490.00

RMB/T

6.52%

161.63%

Lithium carbonate

139000. 00

147400.00

RMB/T

6.04%

278.92%

Phenol

9420.00

9960.00

RMB/T

5.73%

87.04%

Lithium iron phosphate

60000. 00

63000. 00

RMB/T

5.00%

70.27%

 

Rising international demand

Production capacity was released slowly due to the COVID-19 public health event, resulting in low inventory levels and increased import demand. The leading enterprises are affected by extremely cold weather and hurricanes, which affect normal supply, leading to the global overall supply gap.

 

Price trend of chemical fertilizer and pesticide

At present, domestic demand increases, dealers will continue to increase the amount of purchase, fertilizer enterprises will continue to maintain stable production, and the focus of supply will shift from abroad to domestic.

 

As raw material costs continue to run high, market prices may remain high after the start of autumn fertilizer in October.

 

The overall supply will be tightened, because part of glyphosate raw drug enterprises have planned to overhaul in succession.

 

Entering the fourth quarter, the downstream reserves are limited, the demand for glyphosate is expected to increase, the market supply and demand are more active, and the production cost of pesticides is still running high.

 

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