Glyphosate market prices are about to see major fluctuations

With the introduction of the new Environmental Protection Law, the pesticide market is quietly undergoing changes, and the pesticide prices of many products have also been affected. For some time previously, pesticide prices had remained in a sluggish state, and recently they have gradually been recovering.

Last week, domestic glyphosate technical material transaction prices really did rise, but at the same time technical material producers also found themselves in a position where they had no goods to deliver. During the trade show, word spread that glyphosate technical material prices were going to rise, and several major producers coincidentally raised their quoted prices for technical material at the show. This unusual behavior was widely regarded as a speculative tactic by producers to drive up prices via the trade show because the glyphosate market had been sluggish earlier, since this method had been used before, so most downstream companies still maintained a wait-and-see attitude at the show. Unexpectedly, after the show glyphosate prices remained firm, and several major technical material producers continued to hold back sales, the reason being that "formulations can go out, but the technical material is all being used to produce formulations, so for the time being it cannot be shipped." In fact, not only did the several major glyphosate producers say this, small and medium-sized domestic glyphosate technical material producers also struck the same tone as the major companies, showing that everyone was going to "unite as one" to raise prices. The convening of the "Two Sessions" also brought new pressure on environmental protection. Whether glyphosate technical material producers can survive this new round of environmental pressure is probably not something that can be solved by price increases alone, so a reasonable price rise will gradually be accepted by everyone (of course, some other products also face such pressure). It is just that exactly how large the increase will be is still a matter of considerable disagreement between producers and downstream companies, and this is also one of the important reasons why the market has consistently felt there is demand but transaction volumes simply will not go up. As the end of March approaches, there is already warmth in the north, and the pesticide use season has come a bit earlier than expected. Facing a market on which everyone has not yet reached consensus, how glyphosate technical material prices will move next really makes people nervous. Judging from the current situation, there are possibilities for both increases and decreases in glyphosate technical material prices, with the possibility of an increase being somewhat greater, but the wait-and-see atmosphere downstream also leaves the price rise lacking momentum. It seems the glyphosate market is about to stage quite a drama.