In December, the traditional peak season of agricultural materials, but the market performance was flat. Downstream goods were prepared on demand, with a slight increase in inquiries. The expected peak season did not come, and the market was still dominated by inventory consolidation. The agrochemical industry has entered a negative feedback cycle. The supply and demand continue to play a game, the cost transmission lags behind, and the market price is stable and low. In order to stimulate market transactions, some manufacturers of varieties issue price protection policies.
Zhongnong Lihua's technical material price index closed at 140.92, down 3.38% month on month, mainly due to the decline of herbicides; Among the hundreds of products tracked, 81% of the varieties fell year-on-year, a new high in recent three months. On a month on month basis, 47% of the products rose and fell back, with more varieties falling, weak demand and low market turnover.
The price index of herbicide technical material price index closed at 172.85, down 35.3% year on year and 2.87% month on month. Among them, glyphosate technical material, glufosinate ammonium technical material and diquat technical concentrate were down significantly.
The price of glufosinate ammonium technical material continued to callback, and the production capacity was released, and the market reported that it was within 185000 yuan/ton; The export of glyphosate technical material was reduced, the upstream coordinated pricing, and the downstream confidence was insufficient, and the report was 51000 yuan/ton; Diquat technical concentrate is mainly exported, but the performance price ratio of dibromonium salt in the domestic market is lacking, and dichloride salt is mainly used. The amount of dichloride salt reported is 45000 yuan/ton, and the export price of dibromonium salt is reduced to 53000 yuan/ton; The price of the terminal preparation of the overall sterile herbicide is far lower than the current price level of the technical material and technical concentrate.
The domestic market demand is weak, and the terminal replenishment is mainly on demand; The export demand is affected by the unstable exchange rate, and the wait-and-see mood is strong. The impact of the epidemic and the adverse impact on supply still exist. With the approaching of the drug season, the willingness to stock up at the end of the market will increase, and the upstream and downstream game will continue. The feedback from the frontline of raw materials, intermediates, technical material, and formulation will be more intuitive. The cost performance ratio of the end preparations is one of the important demand determinants, and will remain the dominant market for inventory and cost in the future.
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