Record high - the agrochemical market in China
On October 3, 2021, the technical price index reported by Sino-agri leading is 180.58 which increase sharply from the last month. The price index of herbicides, pesticides, and fungicides all rose exceed 30%. The price of 90% products expected go up, and the price index of technical materials reached a record high both in terms of increase rate and index. The Chinese agrochemical market is experiencing the most considerable price increase in the past 10 years.
According to the market research results, most pesticide manufacturers have failed to aim raw materials in time, thus making it impossible to evaluate the impact of the subsequent "double control". "No quotation" may become the most popular situation in the Chinese agrochemical market.
Based on the current market situation, we believe that the current market price signals for pesticide technical and intermediates could be in a distorted status. And it is the last condition both supplier and importer want to see.
“May not be a good choice to restart the product line.” When the investor ask why the corporation keep its 10000 ton glyphosate workshop shut, the Flag Chem said.