Chinese chemical production and domestic supply have recently fallen into a low season, with more factories shutting down production and carrying out maintenance. Lower production rate has caused continued reduction of stocks. The stocks of the demand side are gradually cleared off and inventory rebuilding has started earlier than usual. However, due to the uncertainty of raw material supply at supply side, the unwillingness of upstream factories to take purchase orders does not change too much.
This week, sterilant herbicide market stays mostly stable. Low season storage of amide herbicide is drawing near and inquiries are increasing while factories are a bit reluctant to take purchase orders. Sulfonylurea herbicide is in short supply, attributable to restricted production of its upstream intermediates. Production rate is low, price stays at high side. Prices of fomesafen technical intermediates still stay high, export appears to be good while domestic consumption has come to an end, and stocks are low. Several major product varieties are quoted as follows:
As affected by shutdown of production in chemical parks and the incident of solid waste landfill, the supply of bentazone technical is restricted, resulting in a short supply situation. The technical material price has risen to above Yuan110,000 per ton. Production rate of cyhalofop-butyl technical is going downward, as a result of the shutdown productions in Lianyungang Chemical Park. Its price rebounds to above Yuan240,000 per ton. Intermediates are out of stock, short supply continues. The price of cyanuric chloride, the intermediate for atrazine technical stays stable, consumption is coming to a close, being quoted at Yuan23,000 per ton.
Insecticide market is generally found in short supply, market price continues to rebound. Spot supply is limited, there is no expectation of relief of the short supply situation in a short period of time. The prices of intermediates CCMP, Ethyl N-cyanoethanimideate and imidazolidine for nicotinic insecticide stay high, being at low stocks, and market is recovering apparently. Organophosphorus products are backed up obviously by the cost of production, as affected by the supply of phosphorus pentasulfide, and market generally tends to be short. Several major product varieties are quoted as follows:
Price of fungicide stays high, quite a lot of product varieties are rebounding. Triazole technical materials are affected by the shutdown of production in Lianyungang Chemical Park, chlorination process is also restricted. The price of parachlorophenol rises significantly, as backed up by the sustained cost of production. There is a shortage of difenoconazole technical, causing short supply. Pyraclostrobin technical is affected by the rising price of intermediates, and more factories are shutting down production for maintenance, enterprises are very prudent to take purchase orders. Supply of intermediates for azoxystrobin technical is restricted, resulting in shortage of goods. Quotations from the market have rebounded significantly. Several major product varieties are quoted as follows:
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