Glyphosate production enterprises take the initiative to carry out maintenance in rotation, and the production capacity is reduced by 1/3. Is it good?
Glyphosate is the most widely used pesticide in the world, and it is also the largest output and most exported of all pesticides produced in China. The importance of glyphosate to the pesticide industry is self-evident. Production and price trends have also been concerned by global manufacturers.
Glyphosate price surge driven by multiple factors in 2021
Since 2021, affected by complex international political and economic situations such as turmoil in the international geopolitical pattern, repeated epidemics, and trade disputes, the energy crisis, food crisis, and industrial chain crisis have deteriorated regionally, and the uncertainty of economic growth has increased significantly. Rising prices and the continuous expansion of the planting area of genetically modified crops have brought glyphosate, a herbicide whose market has been sluggish for many years, ushered in a long-lost positive in 2021.
According to the pesticide statistics of the "Pesticide Market Information" media data, the price of glyphosate rose from more than 20,000 yuan per ton in January 2021 to 83,000 yuan per ton in December, an increase of 187%. Businesses make a lot of money.
Price chart of glyphosate technical in 2021 (unit: yuan/ton)
The price of glyphosate will continue to drop in 2022, what is the future trend?
However, since the beginning of this year, due to various factors such as the decline in the prices of some raw materials, the mentality of merchants to buy up and not to buy down, and the game between long and short parties among intermediate traders, the price of glyphosate technical has fallen under pressure, from 79,000 yuan in January / ton, fell to 52,000 yuan / ton in mid-November, a drop of 34%.
According to analysts in the industry, the continued weakness of glyphosate is mainly due to factors such as the periodic increase in glyphosate inventory, weakened price resistance, lack of downstream confidence, and international market buyers holding money to wait and see.
Price statistics of glyphosate technical materials from January to mid-November 2022 (unit: yuan/ton)
