CCM: Glyphosate TC: ex-works price remains stable in March 2016 06-16-2016

The 17th China International AGrochemical & Crop Protection Exhibition (CAC) was held in Shanghai during 9-11 March, 2016. Although Chinese glyphosate manufacturers all hold positive attitude towards the future glyphosate market and are willing to stabilize the glyphosate price jointly, this is only a kind of position held by suppliers. China's glyphosate market will not turn better unless the overseas demand increases significantly.


In the first half of March, the ex-works price of 95% glyphosate TC was USD2,761/t (RMB18,000/t), a slight MoM fall. While the ex-works prices of 41% glyphosate IPA, 50% glyphosate SP, 62% glyphosate IPA and 75.7% glyphosate WSG kept stabilized, being USD1,457/t (RMB9,500/t), USD1,948/t (RMB12,700/t), USD1,810 /t (RMB11,800/t) and USD2,914/t (RMB19,000/t) respectively.


  Ex-works price of glyphosate technical and its YoY growth rate, March 2014/2015/2016


Note: 1. The price change is calculated from RMB quotations.
         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.
         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM


                                      

 
Ex-works price of glyphosate technical, Jan.-March 2014/2015/2016


Note: 1. The price change is calculated from RMB quotations.
         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.
         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM

 
                                                Ex-works prices of glyphosate formulations, Feb.-March 2016

No.

Spec.

2016 02H1

2016 03H1

USD/t

RMB/t

USD/t

RMB/t

  1

        Glyphosate 41% IPA

1,451

9,500

1,457

9,500

  2

         Glyphosate 50% SP

1,940

12,700

1,948

12,700

  3

         Glyphosate 62% IPA

1,803

11,800

1,810

11,800

  4

       Glyphosate 75.7% WSG

2,903

19,000

2,914

19,000


Note: 1. The price change is calculated from RMB quotations.
        2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.
        3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM


In the first half of March 2016, the ex-works prices of major raw materials and intermediates of glyphoaste remained basically unchanged when compared to last month:

  • Yellow phosphorus: USD2,141/t (RMB14,000/t)
  • Diethanolamine (DEA): USD1,225/t (RMB7,990/t)
  • Glycine: USD1,355/t (RMB8,815/t)
  • Iminodiacetonitrile (IDAN): USD1,307/t (RMB8,500/t)
  • PMIDA: USD1,384/t (RMB9,000/t)


                             Ex-works prices of glyphosate's main raw materials and intermediates, Feb.–March 2016

Product

2016 02H1

2016 03H1

MoM change

USD/t

RMB/t

USD/t

RMB/t

Yellow phosphorus

2,136

14,000

2,141

14,000

0.00%

DEA

1,283

8,400

1,225

7,990

-4.88%

Glycine

1,353

8,815

1,355

8,815

0.00%

IDAN

1,313

8,550

1,307

8,500

-0.58%

PMIDA

1,382

9,000

1,384

9,000

0.00%


Note: 1. The price change is calculated from RMB quotations.
         2. Prices are monitored at the middle of every month from Jan., 2014 to Feb., 2016.
         3. 201602H1 refers to mid- Feb. 2015 and other times all adopt this rule in this article.

Source: CCM


As of now, China's glyphosate market remained stable, and the prices of TC and formulations are likely to increase slightly in the coming future under the situation where downstream demand has no significant recovery.


This article comes from Glyphosate China Monthly Report 1603, CCM

                                                                  



About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a brand of Kcomber Inc.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.


Tag: glyphosate

 

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