CCM: China's market price of chlorothalonil falls dramatically in July 2016 08-05-2016

In July 2016, China's market price of chlorothalonil plunged after reaching its peak, mainly affected by the recovery in market supply and the coming of slack season. According to CCM's price monitoring, the ex-works price of chlorothalonil 98% TC averaged USD4,949/t in early July, down 11.92% over USD5,539/t in May.

Source: Baidu

In fact, chlorothalonil was in serious shortage in H1 2016, with almost no products available in the market. During that time, most manufacturers focused on fulfilling previous orders and have shown no room for new orders, and therefore few new transactions were made.

This pushed up the market price of chlorothalonil. For instance, the ex-works price of chlorothalonil 98% TC in May 2016 went up by 17.28% over USD4,723/t in Jan. and up 24.53% over USD4,448/t in May 2015, according to CCM's price monitoring.


Prior to this, in H2 2015, as the inventory could not meet the market demand, the domestic chlorothalonil market didn't run well, with continuous slump in its price. Most manufacturers, holding a pessimistic attitude towards the market, lowered their operating rates and mainly sold their products in stocks. As a result, the quantity of chlorothalonil available for sales was relatively small.


However, in 2016, many overseas chlorothalonil suppliers cut down their output. Therefore, more foreign purchasers turned to the Chinese market and boosted orders for chlorothalonil. In the short run, this hot export market and the small quantity of chlorothalonil in the market led to the severe short supply.


An industry insider disclosed to CCM: "In H1 2016, the rapid increase of orders made most manufacturers at home run busy schedule and produce at full capacity. They may not capable of receiving new orders in a short time."

Leading domestic chlorothalonil producers, such as CAC Shanghai Chemical Co., Ltd. and Jiangsu Weunite Fine Chemical Co., Ltd share this view, saying that new orders have to queue up for production. In this context, most producers suspend offering quotations and set transaction prices for new orders based on the market conditions.


Nevertheless, this shortage has been eased by the end of June, as chlorothalonil producers gradually increased their operating rates to enrich market supply and overseas enterprises are finishing their purchase. Consequently, the market price of chlorothalonil began to fall and is less likely to rebound in the near future.

Ex-works price of chlorothalonil 98% TC in China, June 2015-July 2016

Source: CCM

This article comes from Fungicides China News 1607, CCM

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a brand of Kcomber Inc.


For more information about CCM, please visit or get in touch with us directly by emailing or calling +86-20-37616606.


Tag: chlorothalonil  fungicides


Subscribe to our Newsletter


Next Press