Fungicides China News 1508(12 issues per year)

Date: 2015-09

“In the first eight months of 2015, the overall pesticides’ prices maintained low level, due to weak demand from domestic and overseas markets. Some of pesticide prices hit the lowest record in recent three years. Under an overall sluggish pesticide market in China, currently, chlorothalonil is a dark horse in the fungicide market thanks to its active market dynamics. According to CCM’s price monitoring, in Aug. 2015, the ex-works price of 98% chlorothalonil technical was USD5,401/t, up by 11.86% month on month and 39.24% year on year.
Along with the gradually decreasing demand and easing supply, especially after Aug., the production and sales of pesticides will enter into slack season. According to the production situation, orders and inventory, it is predicted that the price of chlorothalonil will maintain an upward trend and higher level. In this issue, CCM made in-depth analysis on chlorothalonil market and will follow up chlorothalonil market dynamics.
The USD/RMB exchange rate in this issue is USD1.00=RMB6.1169 on 3 August, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”

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