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