Though the whole pesticide market is still
suffering downturn in China, some products begin to rise in their prices.
Imidacloprid price stopped falling and began to rebound. Abamectin was tight in
supply and up in price. As for glyphosate, it turned good in its market…
according to analyst CCM.
Source: Pixabay
Imidacloprid price rebounds
After falling for half a year in 2016, the
price of imidacloprid finally remained stable and went up a little in Dec.
2016. The current imidacloprid price was about USD15,226/t with the transaction
price of about USD14,936/t to USD15,081/t in Dec. 2016, while its cost price
was about USD14,501/t, according to data from CCM Online Platform.
Chen Zaoqun, editor of Herbicides China
News, CCM, stated that the following trend of imidacloprid depended on its
foreign trade.
“Based on previous experience, the
imidacloprid price would go up in Feb. and March every year. Currently, most of
the imidacloprid producers have already finished dealing with the orders came
in the slack season earlier; thus, the inventory is quite low now.”
“Besides, the operation rate of the whole
industry is 60% - 70%, higher than the 40% - 50% earlier, which is also a
preparation for the coming peak season in Mar. – May,” Chen stated.
Abamectin: tight in supply and up in price
According to CCM Online Platform, with the
rising price of abamectin, emamectin benzoate, abamectin’s downstream product,
went up in its price from USD130/kg to USD132/kg-USD133/kg.
However, different from the market of
emamectin benzoate, abamectin was in better market due to the fact that there
were only four to five major abamectin producers in China. Thus, the producers
have strong pricing rights.
“The rising price of abamectin this round
has something to do with the output controlled by the producers,” an insider
disclosed to CCM.
In fact, the price of abamectin stopped
falling and began to rise in Sept. 2016. Till Nov. 2016, the price rose to
USD61,917/t, up 7.69% MoM, according to data from CCM Online Platform.
If you want to learn more about the recent
pesticide price trends, on the example of glyphosate, why not join our Free Webinar on December 22, 2016,
15:30-16:00 (GMT +8).
Glyphosate market turns good
Since Dec. 2016, the decline of glyphosate
price began to narrow and remained stable. Till now, the current glyphosate
quotation was USD3,045/t-USD3,190/t in China.
Chen stated that the price of USD3,045/t
was basically the bottom limit for glyphosate, thus, it is not likely to fall
further. If the orders for glyphosate look good in late Dec., its price could
even rise again.
“Buyers usually have their enquiries in
Jan. and actual orders in Feb. and March. Currently, most of the glyphosate
enterprises are producing more glyphosate to prepare for the coming peak
season,” Chen said.
“Now, Africa has increasing demand for
glyphosate AS; however, the demand for glyphosate technical still depends on
the demand from Europe, the US and South-east Asia,” Chen added.
Staff from Nantong Jiangshan Agrochemical
& Chemical Co., Ltd. disclosed to CCM that, the inventory of glyphosate is
still high in glyphosate enterprises now. Though the order began to increase
now, the demand would only increase much after one month.
About CCM:
CCM is the leading market intelligence
provider for China’s agriculture, chemicals, food & ingredients and life
science markets.
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Tag: Pesticide