Glyphosate overseas purchase or early start

On July 16, the domestic supply of glyphosate continued to be tight. The market appeared high-end quotations of RMB 39,000-40,000 yuan/ton. The current mainstream prices were concentrated around RMB 37,500-38,500/ton; as of July 15, the commodity index of glyphosate was 168.74, set a new high in the period (2011-09-01 to present), and increased by 7.20% in the first 90 days since April 17.

According to market feedback, the company's self-inspection of environmental protection should end on July 31. Shandong, Sichuan, Zhejiang and other places have gradually started the equipment and equipment maintenance plan. In addition, the recent Sichuan flooding has affected the production companies' transportation and production to varying degrees, and the market supply has further contracted. Tight; traders feedback, overseas South American buyers worry that domestic companies reduce supply due to environmental pressure, or start the procurement plan in advance, the increase in overseas orders in the past two weeks is obvious, the current mainstream companies are more cautious orders, still to complete the pre-orders , continue to stop reporting, SMEs have clearly stated that there is no plan for receiving orders in the near future.

On the cost side, glycine mainstream companies once again lowered the price of goods by the impact of raw materials chloroacetic acid, ** continued sluggishness, and lowering of the operating rate of glyphosate. The price adjustment ranged from 300-600 yuan/ton, and the current mainstream price remained at 10600- 10800 yuan / ton, the low-end prices in the 10200-10500 yuan / ton; Sichuan floods caused the stoppage of part of the local phosphate rock, phosphate ore continued to weaken, the price down 40 yuan / ton, resulting in glyphosate raw materials yellow phosphorus Bounced weak and continued to weaken. The price of glyphosate raw materials remains low, and corporate profits are expected to expire.

In summary, the analyst of Glyphosate, a branch of the Business Community Chemicals Co., Ltd., believes that the environmental protection verification system continues to tighten and the overseas South American season procurement plan is started ahead of schedule. The market supply and demand relationship is tight and the growth rate of glyphosate is obvious.