In March, prices of several insecticides have risen sharply, especially for lambda-cyhalothrin and cholpyrifos. Takes Lambda-cyhalothrin for example, before CAC fair, the market price is around RMB 170,000 per ton(100% content). But after CAC fair, price of Lambda-cyhalothrin has increased up to RMB185,000 per ton (100% content). One of the reasons is due to the shortage of raw material supply. Secondly, it is the application season for Lambda-cyhalothrin. Last but not least, there is limited stocks available in the factories, it causes demand over capacity. In comparison to last year, Lambda-cyhalothrin’s price increased since Shanghai AgrochemEX 2010 but decreased after Spring festival. Most people expected the same will happen, so there is very low stock kept in the plant. However, the price keep increasing until this season which is beyond our prediction. Now it is the time for the usage of Lambda-cyhalothrin, the rigid demand pushes its price to another high level.
Price of Chorpyrifos technical 97% have been increasing from 31000/ton to 35 000- 36000 yuan per ton since last Novermber. The price kept stable for a long time. But after several ups and downs, the price has reached 39 000 per ton, with very tight supply.
The price of ImidacIoprid and Acetamiprid have also increasesd slightly this weekend. We are keeping an eye to monitor the price trend of the insecticides in China.
By Jacky |