National Bureau of statistics announced on 14th of important means of production circulation market shows that August 1 to 10th, most of the significant decline in capital goods market prices compared with late July, glyphosate prices continue to rise. Industry insiders believe, has ushered in the glyphosate market recovery, the rally was stimulated by the overseas demand season.
Due to poor macroeconomic data such as investment, circulation of important means of production price unsatisfactory performance during the period. According to the Statistics Bureau's 24 provinces (regions and municipalities) circulation market price of 9 categories and 50 kinds of important means of production monitoring shows that compared with late July, 15 products prices rose, 28 declined and 7 flat.
According to new data released by the statistics and pesticides (glyphosate, 95% TC) 28250 Yuan per ton, on the chain 0.9%.
Business analyst Hu Qifeng that glyphosate, the rally was stimulated by the overseas demand season. "In September and October of every year as South America traditional peak season in the glyphosate market, as a result of transit time, usually glyphosate purchases as early as from the end of July and in August began, this period is often seen as reversal of key nodes. "
Hu Qifeng thought into August, the market will usher in the shopping season, market downturn are expected to emerge in August, may be more evident in mid-April or the end of the month, while the price increases overseas Sourcing activities.
Glyphosate is currently the world's most widely used pesticides, the highest share of herbicides. From a long-term perspective, the market demand is still increasing, according to a report, a global glyphosate market expected in 2019 to $ 8.79 billion, during the annual compound growth rate of up to 7.2%.
China is the largest producer and exporter of glyphosate. In recent years, under the influence of environmental factors, production capacity gradually to leading businesses. Domestic enterprises involving glyphosate new shares, shares in jiangshan, yangnong chemical and Hing Fat group, through the Ministry of environmental protection announced the first batch of environmentally-friendly verification requirements list.