In the week of 20th August 2018, Chinese pesticide technical and intermediate market continues to be low and the productions are still running at lower capacity. In general, the market runs at a high price level, where the high cost of the industry chain is passed on in a top down manner. Production curtailment plan has been made, and off-peak production operation is gradually put in place. All business players are watching the market changes to be brought by the implementation of the curtailment plan.
In this week, prices of glycine, acetic acid and paraformaldehyde stay high. Glyphosate technical is also quoted at higher level. The demand for glufosinate-ammonium technical is in general rather weak, stocks are increasing. Diquat technical and formulations are found at a high stock level while demand is not strong. Amide herbicides stay generally stable. Sulfonylurea herbicides are in short supply, due to restricted production of the upstream intermediates. Its production is running at low capacity and price remains high. Bentazone technical continues to be in short supply due to shutdown of productions in chemical parks, price has risen to Yuan120,000 per ton. The higher price of resorcinol apparently backs up the prices of oxyfluorfen technical and mesotrione technical. The price of intermediate of haloxyfop-R-methyl technical stays high, its supply is rather short being mostly for export.
Prices of some herbicides as below:
Abamectin technical series remain in short supply and prices stay stable at high level. The prices of the nicotinic insecticide intermediates CCMP, ethyl N-cyanoethanimideate and imidazolidine still remain high, which are in general quoted at high level. Thiamethoxam technical and clothianidin technical also remain at a high price level, production is running at low capacity, and there is a shortage of supply. As an impact from the environmental pressure on phoschemical industry, the price of phosphorus pentasulfide stays high, which backs up the prices of organophosphorus technical series. Its production is running at low capacity, and is generally in short supply. Spot goods of downstream etoxazole technical, lufenuron technical, hexaflumuron technical and chlorfluazuron technical are all in short supply, as a result of breakthrough of the historic price of intermediates and a very low-capacity running. The short supply is not expected to be relieved in a short time.
Prices of some insecticides as below:
Production of triazole technical is running at low capacity, parachlorophenol is in short supply, price of which stays strong. There is a shortage of difenoconazole technical, which is in short supply. The price of pyraclostrobin technical has rebounded, resulting from the price rise of its intermediates and the increased shutdown of factories for maintenance. Benzofuran, the intermediate of azoxystrobin technical, still stays in short supply. Carbendazim technical and thiophanate-methyl technical continue to be in short supply, which is due to the strict environmental compliance inspections of Ningxia. There is a great shortage of fluazinam technical, attributable to the restricted supply of intermediates and low-capacity running while purchase orders are placed from downstream buyers.
Prices of some fungicides as below:
Work safety and environmental compliance inspections are still having a very important influence on regulated operation of the industry. Off-peak production arrangement in winter time forms a new challenge to the whole industry. The low-season and low-capacity running of conventional chemical industry is creating a serious conflict between supply and demand. The prices of pesticide technical and intermediates are expected to still stay at high level.