Jan. sees most fungicide TC prices drop and weak market persist 02-02-2024

Summary: In Jan., the fungicide market sustained weak trend: the ex-works prices of most fungicide TC declined while a few grew due to a tight supply, down by 1.08% MoM or 19.69% YoY on average.

In Jan., the fungicide market remained weak, with most TC prices dipping while a few rising for a tight supply, down by 1.08% MoM or 19.69% YoY on average. At present, while part producers limit their production, the production capacity is ample for the supply due to overall soft downstream demand. In the short term, fungicide TC prices are likely to decrease slightly amid a generally stable trend.



On the whole, triazole fungicide TC products were weak in demand; the raw material triazole, though operated at low rates, was able to satisfy the TC supply with stocks. In addition to tricyclazole TC, whose price rose a bit in Jan., triazole fungicide TC represented stable or decreased prices MoM, with an average price dropping 1.49% MoM or 22.52% YoY. To be specific, difenoconazole TC and propiconazole TC marked significant MoM declines in ex-works price, as a result of diminishing raw material prices that failed in holding up the cost, as well as weak downstream demand and ample supply; epoxiconazole TC, hexaconazole TC and triadimefon TC were priced down slightly MoM, in which hexaconazole TC experienced weak market trend and tepid demand; and flusilazole TC, myclobutanil TC and tebuconazole TC saw flat prices MoM.


As for main producers, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong), Limin Chemical Co., Ltd. (Limin Chemical), Zhejiang Heben Pesticide & Chemicals Co., Ltd., Hangzhou Udragon Chemical Co., Ltd. and Shandong Dongtai Agrochemical Co., Ltd. remained sound operation of difenoconazole TC; Jiangsu Sevencontinent Green Chemical Co., Ltd. maintained stable supply of epoxiconazole, hexaconazole, propiconazole and tebuconazole TCs, and Jiangsu Changqing Agrochemical Co., Ltd. of epoxiconazole TC; Jiangsu Yangnong and Shandong Weifang Shuangxing Pesticide Co., Ltd. retained normal production of propiconazole TC, and Jiangsu Huanghai Pesticide & Chemical Industry Co., Ltd. and Jiangsu Sword Agrochemicals Co., Ltd. of tebuconazole TC.



The ex-works price of azoxystrobin TC fell 2.57% MoM, mainly resulting from weak demand, and raw material costs failed to buoy the price albeit with low operating rates; the ex-works prices of kresoxim-methyl TC and trifloxystrobin TC ticked up MoM on short supply triggered by limited production by producers. Regarding major producers, Shanghai Heben-Eastsun Medicaments Co., Ltd., Inner Mongolia Miraculous Crop Science Co., Ltd. and Guangdong Liwei Chemical Co., Ltd. retained normal operation of azoxystrobin TC; Jingbo Agrochemicals Technology Co., Ltd. maintained normal supply of kresoxim-methyl TC under equipment overhauls.



With feeble demand and sufficient supply, carbendazim TC (white colour) showed downward price MoM; the price of thiophanate-methyl TC (white colour) flatlined from last month amid a supply-demand balance. With regard to main suppliers, Zhejiang Wynca Chemical Industrial Group Co., Ltd. maintained sound operation of both, and Anhui Guangxin Agrochemical Co., Ltd. kept normal supply of thiophanate-methyl TC.



Stable in supply and demand, propineb TC saw the ex-works price levelled with that in Dec. 2023. Due to sluggish demand in downstream, the ex-works prices of thiram TC and mancozeb TC slipped 1.33% and 2.36% MoM, respectively. In terms of main producers, Limin Chemical, Hebei Shuangji Chemical Co., Ltd. and Xi'an MTI Co., Ltd. retained a normal supply, and Nantong Baoye Chemical Co., Ltd. was under device maintenance.



A bulk of the other fungicide TC products kept the ex-works price downtrend month on month, resulting from weak demand and adequate supply. Moreover, producers may further cut the price for sales in order to destock as the end of China's lunar year approaches. In addition, hymexazol TC price went up due to tight spot goods, and prices of metalaxyl TC and propamocarb TC levelled from last month on balanced supply and demand.

Table Ex-works prices of most fungicide TC in China, Jan. 2024
Type Product Ex-works price, RMB/t Ex-works price, USD/t MoM change YoY Change
Triazole fungicide 95% Difenoconazole technical 102,140 14,433 -4.24% -38.10%
97% Epoxiconazole technical 373,000 52,706 -2.86% -13.26%
95% Flusilazole technical 362,000 51,152 0.00% -11.71%
95% Hexaconazole technical 95,300 13,466 -1.55% -24.48%
97% Myclobutanil technical 143,000 20,206 0.00% -1.38%
95% Propiconazole technical 85,400 12,067 -3.50% -51.48%
97% Tebuconazole technical 45,380 6,412 0.00% -30.45%
95% Tricyclazole technical 60,000 8,478 0.70% -4.00%
95% Triadimefon technical 56,100 7,927 -1.92% -27.85%
Strobilurin fungicide 96% Azoxystrobin technical 154,520 21,834 -2.57% -42.77%
95% Kresoxim-methyl technical 283,000 39,989 2.54% -17.37%
96% Trifloxystrobin technical 345,000 48,749 1.47% -16.87%
Benzimidazole fungicide 98% Carbendazim technical (white colour) 35,800 5,059 -2.13% -14.86%
96% Thiophanate-methyl technical (white colour) 38,700 5,468 0.00% -10.00%
Thiocarbamate fungicide 90% Mancozeb technical 23,140 3,270 -2.36% -8.90%
85% Propineb technical 35,000 4,946 0.00% 0.00%
97% Thiram technical 11,840 1,673 -1.33% -32.34%
Substituted benzene fungicide 98% Chlorothalonil technical 17,300 2,445 -0.57% -16.43%
Carboxylic acid amide fungicide 98% Cymoxanil technical 67,900 9,594 -2.44% -28.53%
Morpholine fungicide 98% Dimethomorph technical 57,200 8,083 -1.72% -31.90%
Dicarboximide Fungicide 95% Iprodione technical 179,200 25,321 -1.27% -17.13%
Dithiolane fungicide 97% Isoprothiolane technical 30,400 4,296 -7.88% -25.85%
Phenylamide fungicide 98% Metalaxyl technical 92,000 13,000 -1.08% -12.38%
Organophosphorus fungicide 97% Phosethyl Al technical 25,000 3,533 0.00% -5.66%
Imidazole fungicide 97% Prochloraz technical 48,000 6,783 -1.03% -20.00%
Isoxazole fungicide 97% Hymexazol technical 92,000 13,000 4.50% -26.40%
Carbamate fungicide 98% Propamocarb technical 61,000 8,619 0.00% -1.61%
Source: CCM


More information can be found at CCM Fungicide China Monthly Reoprt.

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of content solutions, from price and trade analysis to industry newsletters and customized market research reports. 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.

Subscribe to our Newsletter


Next Press