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The price of glyphosate has continued to climb, with the average price rising nearly 7% last week. Actual transaction prices have reached between 39,500 and 45,500 yuan per ton, hitting a new high for the period. This upward trend has also boosted shares of major players in the industry, including Xinan, Jiangshan, and Yangnong Chemical.
On July 19, the domestic glyphosate market remained tight, with high temperatures continuing to impact operations. According to business reports, the market saw high-end quotations ranging from 39,000 to 40,000 yuan per ton, while lower prices were rare. The glycine route for 95% glyphosate is currently priced at 37,800–38,500 yuan per ton, while the IDA route for 95% glyphosate powder stands at 5,900–6,200 USD per ton. As of July 18, the glyphosate commodity index reached 168.89, marking a record high since 2011. In the past 90 days since April 17, the index has surged by 7.44%.
According to market feedback, companies' self-inspections related to environmental regulations are set to conclude on July 31. Companies in Shandong, Sichuan, and Zhejiang have begun implementing equipment maintenance plans. Additionally, recent flooding in Sichuan has disrupted production and transportation for several manufacturers, further tightening the supply situation. Traders reported that South American buyers are concerned about potential supply cuts due to environmental pressures, prompting them to initiate procurement plans earlier than usual. Over the past two weeks, overseas orders have increased noticeably, with mainstream companies being more cautious in accepting new orders and focusing on fulfilling existing ones. SMEs have clearly stated they have no plans to accept new orders in the near future.
On the cost side, the price of glycine has dropped again due to the sluggishness of chloroacetic acid, leading to lower operating rates for glyphosate producers. Price adjustments ranged from 300 to 600 yuan per ton, with current mainstream prices remaining around 10,600–10,800 yuan per ton, and low-end prices falling between 10,200–10,500 yuan per ton. Meanwhile, the Sichuan floods caused some phosphate rock suppliers to halt operations, leading to a weakening of phosphate ore prices, which fell by 40 yuan per ton. This has also affected the price of yellow phosphorus, a key raw material for glyphosate, causing it to remain weak.
Sun Mingming, an analyst at the Glyphosate Business Club, believes that the ongoing tightening of environmental inspections and the early start of procurement plans by South American buyers have significantly tightened the supply-demand balance in the market, boosting the outlook for glyphosate prices.
SSurface centrifugal pump is a type of centrifugal pump that is designed to work on the surface, meaning it is not submerged in the liquid being pumped. These pumps are used in a wide range of applications, including supplying drinking water, irrigation, drainage, and low-pressure liquid transfer.