This week's pesticide price signal: the pesticide active ingredient market shows a clear differentiation trend. The upstream cost support and the downstream rigid demand procurement work together, resulting in price fluctuations of some varieties.
Pesticide Technicals Market Weekly Report
(June 28, 2024 - July 04, 2024)
This week, the pesticide technicals market showed a divided trend. Prices for some products edged up, supported by upstream costs and downstream demand, while other categories saw a slight pullback due to ample supply. A wait-and-see sentiment persists in the market, with actual transactions driven mainly by immediate needs.
Herbicide Market Watch
Demand in the herbicide market is stable. Some core products are facing tight supply, leading to price fluctuations. Overall, market trends are closely linked to the prices of upstream intermediates.
Glyphosate
95% TC
Clodinafop-propargyl
96% TC
Glufosinate-ammonium
90% TC
Insecticide Market Watch
The overall supply in the insecticide market is stable. Some products have seen minor price adjustments due to changes in inventory and demand. Neonicotinoid products are receiving significant attention.
Acetamiprid
97% TC
Imidacloprid
97% TC
Emamectin Benzoate
95% TC
Fungicide Market Watch
The market for triazole fungicides is active, with prices for some products on the rise. In contrast, prices for strobilurin products have softened as the market awaits a new round of procurement.
Tricyclazole
95% TC
Azoxystrobin
98% TC
Iprodione
97% TC
Market Summary & Outlook
Overall, the current pesticide market is in a transition period between the traditional peak and off-seasons. Fluctuations in upstream raw material prices, the ongoing impact of environmental policies, and adjustments in downstream cropping patterns are collectively shaping the current market landscape. The tight supply for some products is unlikely to ease in the short term, providing continued price support.
Looking ahead, the market focus will shift to the operating rates of major agrochemical companies, export order volumes, and domestic demand for autumn stock-piling. Buyers are advised to keep a close watch on the market and adjust their procurement strategies flexibly to cope with potential price fluctuations.
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