August 14 Pesticide Daily Review: Consolidation Continues

The pesticide market overall showed weak sentiment. During the traditional off-season, downstream demand follow-up was limited, market drivers were insufficient, and the cost-push logic slowed as geopolitical tensions cooled. Some products still have support from rising costs, and various factors have caused some supply contraction. However, due to transmission issues along the industrial chain, price increases continue to trigger negative feedback downstream. The market is temporarily watching whether terminal demand can further absorb supply. In the international market, the Middle East geopolitical situation shows signs of cooling, and expectations for Strait of Hormuz navigation have warmed. However, shipping costs and damage to petrochemical supply chains remain irreversible in the short term, so bottom support may still exist. Overall, cautious sentiment continues in the current market. Price increases in some upstream products continue to face obstacles in transmission downstream, upward drivers have slowed, and wait-and-see sentiment remains evident. Follow-up attention should focus on geopolitical sentiment changes, export momentum, and seasonal demand.

Market Analysis

Herbicides: The herbicide market is currently operating weakly overall, with limited demand follow-up. Cost increases brought by geopolitical risks still exist, but insufficient demand absorption makes it difficult to provide momentum. The United States invoked the Defense Production Act to classify elemental phosphorus and glyphosate herbicides as defense-critical materials and require priority domestic supply, which still supports the domestic market. In addition, Bayer withdrew its application for an anti-dumping and countervailing investigation against Chinese glyphosate, easing sentiment pressure, though actual demand still needs to be watched. Overall, downstream users mainly purchase based on rigid demand. Short-term demand support remains weak and continues to fall back. Follow-up attention should focus on whether exports improve and changes in geopolitical sentiment.

Yellow phosphorus: Today, the yellow phosphorus market atmosphere was weak but stable. The previous market atmosphere softened slightly, and only a small number of inquiries and shipments are currently seen. Enterprises are mainly shipping existing orders, and price fluctuations temporarily lack drivers. However, upstream enterprise inventories are generally limited in the short term, so price-support conditions still exist. After earlier downstream restocking, further buying strength has weakened, limiting the high-price-driven momentum. In the short term, tight supply supports prices, upstream enterprises are signing and shipping orders, market sentiment is relatively stable, and downstream buyers are temporarily purchasing as needed while watching the strength of this round of recovery.

Pesticide Market Price List

Herbicides:

95% glyphosate fell 500 yuan to 26000 yuan/tonne. 96% oxyfluorfen fell 3000 yuan to 132000 yuan/tonne. 97% atrazine fell 500 yuan to 20500 yuan/tonne. 97% diuron fell 2000 yuan to 38000 yuan/tonne.

Insecticides:

97% pymetrozine fell 2000 yuan to 98000 yuan/tonne. 95% (9:1) indoxacarb fell 15000 yuan to 385000 yuan/tonne. 99% metaldehyde fell 1000 yuan to 33000 yuan/tonne. 97% dinotefuran rose 3000 yuan to 108000 yuan/tonne. 96% chlorantraniliprole rose 5000 yuan to 225000 yuan/tonne.

Fungicides:

95% propiconazole fell 2000 yuan to 68000 yuan/tonne. 95% cyproconazole fell 3000 yuan to 152000 yuan/tonne. 97% tebuconazole fell 1000 yuan to 47000 yuan/tonne. 95% epoxiconazole fell 5000 yuan to 235000 yuan/tonne. 98% azoxystrobin fell 2000 yuan to 123000 yuan/tonne. 97% iprodione fell 5000 yuan to 190000 yuan/tonne. 97% picoxystrobin fell 5000 yuan to 230000 yuan/tonne.