Herbicide Market Continued To Go Upwards

By CnAgri2013-08-20 11:38:06 Print Pushed by continuous tightening supplies and increased demand, the price of Herbicide go upwards since June, especially paraquat and glyphosate.
 
The price of Paraquat already surpassed 25,500yuan per ton in the mid-July, up about 5% compared to last month, increasing 70% compared to the same time. It had increased about eight months since the end of 2012, which mainly due to the tightening supplies of parquet recently. Since the mid-July, the original drug production enterprise came to tighten the supplies, which obviously reduced the supply of drug product manufactures (reducing about 50% for most of areas), but the demand of downstream still continued to strengthen. Maladjustment of supply and demand caused the continuous increasing of paraquat price.
 
Glyphosate: Because of the finish of environment protection self-examination of glyphosate on the thirty-one of July, the produce of small- scale product enterprise was continuously restricted. So, the atmosphere of supply was very tense. The output of Glyphosate was about 41.8 thousand tons in July, down about 5%. At the same time, with the near of busy-season in the South America, the purchase from Brazil and Argentina would increased, which leaded to the increase of Glyphosate price since the mid-June. Its average price reached 40 thousand yuan per ton in July, increasing about 6%compared to last month, up about 50% compared to the same time. At present, market was still in the stage of active increase of inventory it will be last for 3-6 months in the future, which means the increase of Glyphosate price.