Multiple positives in the pesticide market, boosting later market prices

1.
In terms of herbicides, the market is stable and rising.
The performance of mainstream herbicide products is different: the market for glyphosate remains stable and consolidates, and the price of paraquat is tight
.
Glyphosate: After the Spring Festival, the glyphosate market has limited inquiries.
During the Spring Festival, the inventories of manufacturers still need to be digested.
The price of most companies remained at 24,500 yuan/ton, which was the same as last week and was up 36.
52% year-on-year
.
Only a few companies still maintain high quotations due to abundant orders
.
Some traders had a lot of inventory in the early stage, and the shipment price was slightly lower.
As of February 21, the low-end transaction price remained at 23,500 yuan/ton
.
At this stage, all production enterprises have maintained their normal operation.
After the holiday, the conditions for receiving orders are relatively loose, and the enthusiasm for downstream purchases is not strong
.
As the Shanghai CAC Pesticide Exhibition approaches from March 1st to 3rd, the market has a strong wait-and-see sentiment
.
According to the usual practice in previous years, it is more likely for companies to increase their prices before the exhibition to stimulate the market, but due to the large number of short-storage orders before the Spring Festival, it is expected that the market boost will be limited this year
.
Paraquat: With the continuous promotion of new formulations and the support of foreign trade orders, production companies have a full list of orders, limited ability to receive orders, and companies have a strong intention to increase prices
.
In addition, the price of upstream pyridine continues to rise, and the increase in cost supports the price of paraquat mother liquor
.
Supported by the above factors, it is expected that the paraquat market may still go up
.
2.
The insecticide market continued its upward trend, among which chlorpyrifos, imidacloprid and acetamiprid performed particularly well
.
Chlorpyrifos: After the Spring Festival, the domestic chlorpyrifos original drug continued its upward trend.
At present, manufacturers basically have no room for new orders, and the spot supply is tight
.
The domestic chlorpyrifos technical market is dominated by physical quotations, and the mainstream price is 35,000 yuan/ton, an increase of 6.
06% compared with the pre-holiday period and an increase of 18.
64% year-on-year
.
Hubei and Jiangsu manufacturers started operations normally, but shipments were tight
.
In addition, the intermediate sodium triclopyridate is in short supply, the market is rising, and the cost of the original drug is rising, which also forms a favorable support for the market.

.
Although some chlorpyrifos manufacturers plan to resume production, environmental protection pressure still exists and it is difficult to meet downstream demand in the short term.
The imbalance between supply and demand in the market is bound to continue to push the price of plateau medicine
.
Imidacloprid and Acetamiprid: After the Spring Festival holiday, domestic imidacloprid and acetamiprid continued to show a steady upward trend
.
At present, the mainstream price of imidacloprid is 150,000 yuan/ton, and the low transaction price has decreased, which is 7.
14% higher than before the holiday and 61.
29% higher than the same period last year
.
The mainstream price of acetamiprid was 155,000 yuan/ton, an increase of 3.
33% compared to before the Spring Festival and an increase of 76.
14% year-on-year
.
The prices of basic raw materials, acrylonitrile and imidazolidine, have been raised sharply, leading to increased costs for pesticide companies, but the overall profitability of some self-produced intermediate companies is considerable
.
At present, the production of imidacloprid manufacturers in Jiangsu area is relatively high.
Individual manufacturers in Shandong area have limited supply of finished products due to the tight supply of intermediates.
Orders for imidacloprid are basically scheduled to the end of February, and prices are expected to maintain a firm trend in the later period
.
Fipronil: Due to the limited operation of domestic production enterprises, the supply of fipronil in the market has been tight for several months.
After the year, the company's quotation has risen significantly, and the mainstream price of 95% fipronil has risen to 520,000 yuan/ton, week-on-week The growth rate reached 13.
04%, and the high-end price rose to 550,000 yuan/ton.
It is expected that there will still be room for upside in the later period
.
3.
The market performance of fungicides is relatively stable, and there are not many products with price increase, among which the price of tebuconazole has increased considerably
.
Tebuconazole: Domestic tebuconazole production enterprises have started to maintain about 30%, and the market supply is limited
.
In addition, the pre-orders have not yet been completed, and there are plenty of corporate orders, and market prices are rising
.
The order price of manufacturers rose to 87,000-88,000 yuan/ton, an increase of 3.
53%
.
Under the dual effects of strong demand and tight supply, it is expected that the tebuconazole market still has room for upside
.