Overall price of major raw materials of insecticides TC decreases MoM 03-11-2024

Summary: In Feb., many major raw materials of insecticides TC in China had MoM price drop. The price downtrend has a connection with sluggish demand from insecticide sector.

In Feb., on average, the ex-works price of major raw materials of insecticides TC decreased by 1.61% on a monthly basis. Of these major raw materials, more than half experienced price decrease.


The prices of sodium 3,5,6-trichloropyridin-2-olate, 2-chloro-5-(chloromethyl)pyridine (CCMP), 3-phenoxy-benzaldehyde, liquid ammonia, liquid caustic soda and methanol dropped MoM, the prices of O,O-diethylthiophosphoryl chloride, 2-nitroaminoimidazoline and bromine remained stable, while the prices of ethylenediamine and phenol increased by 5.16% and 6.08% MoM, respectively. The price downtrend has a connection with sluggish demand from insecticide sector. Insecticide TC producers could accept only limited price raise of raw materials, and thus many raw material producers had to lower the price to secure more orders. In general, raw material costs could hardly provide any support to insecticide TC price.


It is worth noting that the price of ethylenediamine went up because of relatively tight effective supply in the market. The producers quoted high prices, but deals could hardly be stricken at such high quotations. The uptrend of phenol price continued in Feb., yet trade volume was not large. It is expected that raw material costs will have weaker support to insecticide TC price in the short term.

Table Prices of major raw materials of insecticides in China, Feb. 2024
Raw material Feb. 2024 ex-works price, RMB/t Price, USD/t MoM change (based on RMB price)
Ethylenediamine 13,040 1,835.35 5.16%
Sodium 3,5,6-trichloropyridin-2-olate 31,400 4,419.49 -0.01%
O,O-Diethylthiophosphoryl chloride 14,600 2,054.92 0.00%
2-Chloro-5-(chloromethyl)pyridine (CCMP) 65,000 9,148.62 -2.40%
2-Nitroaminoimidazoline 32,000 4,503.93 0.00%
3-Phenoxy-benzaldehyde 69,000 9,711.61 -1.29%
Bromine 22,000 3,096.45 0.00%
Liquid ammonia 2,475 348.35 -18.72%
Liquid caustic soda 738 103.87 -2.25%
Phenol 7,850 1,104.87 6.08%
Methanol 2,394 336.95 -4.24%

Source: CCM


More information can be found at CCM Insecticides China Monthly Report.


About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of content solutions, from price and trade analysis to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.

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