A review of the domestic glyphosate market price week (October 08 to October 12)

Taking glyphosate as an example, the price of glyphosate tended to stabilize last week (October 8 to October 12). Currently, the glycine route glyphosate is offered at 35,000-37,000 yuan/ton. IDA route glyphosate quoted at 5700-5800 US dollars / ton (including tax above), the supply situation is slightly eased.

Last week (October 08-October 12), the first week after the two-week holiday, the tension in the supply of glyphosate eased slightly, and the price remained stable. As for the main upstream raw materials, the market prices of yellow phosphorus and glycine are still rising. In terms of downstream procurement, near the autumn farm show, the procurement market hopes to wait and see the supply market for some time, adjust its purchasing strategy, and the market volume is generally low.

From the current market, the price of glyphosate has shown signs of falling; before and after the double festival, the number of start-ups in the market has slightly increased and the supply of goods has been eased slightly; however, the raw material prices are firm and the pressure of environmental protection still exists. Sun Mingming, an analyst at Glyphosate Chemicals, believes that in the short term, the glyphosate market will remain stable.