Glyphosate China Monthly Report 1511 (12 issues per year)

Date: 2015-12

“The AgroChemEx 2015 held at the end of Oct. did not bring favorable information to China’s glyphosate market. In Nov., the industry still suffers from low operating rate, huge inventory pressure and falling market price. In the face of the bottom line of cost price, most of glyphosate enterprises are no longer willing to down-regulate the offers. Thus the glyphosate TC price remains stable. Along with the good sales of some glyphosate AS recently, the purchase demand for TC stabilizes the glyphosate price to some extent. According to the NATESC’s forecast on 2016 pesticide demand, glyphosate will still be the top one product by demand in China’s pesticide market. Now, most of glyphosate manufacturers are looking forward to the new changes in the future market. Therefore, they are stabilizing the glyphosate price.
However, the increasing market supply in the market offsets the part of efforts of manufacturers on stablizing the price. Firstly, manufacturers will maintain production for a short run with the coming busy season (winter) for production in the glyphosate industry. Secondly, some enterprises keep expanding glyphosate capacity. After Sichuan Hebang has put 5,000 t/a glyphosate project into operation, Hubei Xingfa also disclosed that its 60,000 t/a glyphosate project progresses smoothly and under trail production. It is predicted that the glyphosate market will maintain steady in the near future.


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