Since the beginning of this year, due to factors such as lower raw material prices, periodic increase in inventory, and lack of downstream confidence, the price trend of glyphosate has been weak.
In mid-November, in order to implement China's safety and environmental protection and the national "dual control and double carbon" policy, several major glyphosate manufacturers in China took the initiative to reduce glyphosate by taking turns to overhaul their production equipment under the premise of ensuring supply. Phosphine production, the monthly production limit is about 1/3 of the total production, and the monthly production of glyphosate will be reduced by about 20,000 tons.
According to the latest situation that AgroPages learned from the glyphosate industry cooperation group, the relevant production enterprises have taken the initiative to reduce glyphosate production again this week through rotating maintenance of production equipment, and further lowered the glyphosate operating rate to Compared with the total production capacity, the total monthly output will be reduced by nearly 30,000 tons.
At present, there are 10 main glyphosate production enterprises in China, including Xingfa Group 230,000 tons, Fuhua 153,000 tons, Xin'an Chemical Industry 80,000 tons, Jiangshan Co., Ltd. 70,000 tons, Hebang Biotechnology 50,000 tons, Anhui Guangxin 50,000 tons tons, with a total production capacity of about 800,000 tons, accounting for about 2/3 of the world.
Source AgroPages
