On March 21, a huge explosion occurred at Tianjiayi Chemical Co., Ltd. in Xiangshui Park, Yancheng, causing heavy casualties. After this incident, all parts of the country immediately started to investigate and rectify potential safety hazards in enterprises producing, operating, warehousing, and transporting hazardous chemicals. This investigation and rectification was wide-ranging, intensive, and strict, and responsibilities were investigated in accordance with laws and regulations. The renovation of the park has made matters worse, and the supply of pesticides is once again facing the pressure of releasing production capacity. Upstream production suspension and restriction have led to a contraction of supply, and the resumption of production in the park has lagged behind. The downstream demand is correcting during the peak season of pharmaceutical replenishment. The market, which was originally downward and consolidated, has serious bearish sentiment in all links of the industrial chain. Replenishment is cautious, inventory reduction operations are adopted, and inventory preparation is obviously insufficient; with the fermentation of the Xiangshui incident, the contradiction between supply and demand has reappeared, inquiries for inventory replenishment have increased significantly, and the market is likely to stop falling, stabilize and consolidate, or even reverse. In the later period, we need to continue to pay attention to the impact of the Xiangshui incident on the trend of pesticide supply.
Herbicide market
There are many varieties of herbicides affected by the Xiangshui incident, and all parties are paying close attention to market changes. The market for glyphosate technical material, glycine, is stably consolidating, with each manufacturer's quotation being within 25,000 yuan/ton, and market negotiations are the main focus; downstream replenishment of glufosinate-ammonium technical material has begun slightly, and terminal drug use has gradually started. The overall market has been consolidating downwards, and glufosinate-ammonium The quoted price of the technical material is within 147,000 yuan/ton; the terminal market for diquat mother drug has started slowly, and manufacturers' inventories are under pressure. The quoted price is within 38,000 yuan/ton, and the market transactions are sluggish.
The overall transaction volume of amide herbicides is sluggish. The price of the original drug dropped in the early stage, which led to the slow delivery of preparations through distribution channels. Manufacturers and terminal stockings were affected by inventory reduction. Inventory shortages in all links are very likely to lead to market concentration. Goods started but short-term supply shortage occurred. The quoted price of pretilachlor technical material is stable at 36,000 yuan/ton; the quoted price of acetochlor technical material delivered in barrels is 22,000 yuan/ton, and competition among manufacturers is fierce; the quoted price of butachlor technical material is 22,500 yuan/ton, and the price of different products is The price of metolachlor technical material is 24,000 yuan/ton, and the price of metolachlor technical material is 24,000 yuan/ton. The terminal delivery of Benthiocarb technical material is slow, manufacturers have stopped one after another, the inventory is low, and the quotation is as low as 72,000 yuan/ton.
The price of phenol is consolidating, and the market supply is coming to an end. The quotation of 2,4-D technical material has reached 22,000 yuan/ton, and the price is still at a high level. The demand for bensulfuron methyl technical material terminals to obtain goods at high levels has weakened, the competition among manufacturers is fierce, the market has declined significantly, and the market price has been reported at 225,000 yuan/ton; 10,000 yuan/ton, the Xiangshui incident has affected the resumption of production in Jiangsu North Park, and the supply of goods is expected to continue to be tight.
The upstream production capacity of pendimethalin technical material has expanded, and the low-price competition for downstream preparations has been fierce. Preparation manufacturers have been slow to deliver goods, and the transaction has been adjusted back to within 48,000 yuan/ton. The supply of fomesafen technical material is stable, domestic replenishment is waiting and waiting, exports have slowed down, and the market price has dropped. The actual transaction price is around 122,000 yuan/ton. The manufacturer of trifluralin technical material is affected by environmental protection and it is difficult to deal with the "three wastes", so the price remains at around 40,000 yuan/ton.
The inventory of high-efficiency flufenacetate technical material is low, the terminal market is stable, and the market quotation is as low as 235,000 yuan/ton. The supply of Quizalofop and Nicosulfuron technical is still tight, and the supply continuity of manufacturers is blocked. The market prices are reported at 255,000 yuan/ton and 305,000 yuan/ton, and the supply is still tight. The market replenishment of isooctyl clofluproxyacetate technical material is relatively small, and the market is gradually stabilizing, with the manufacturer’s price reported at 235,000 yuan/ton. Penoxsulam technical material is affected by the shortage of intermediates. The market price is as high as 1.68 million yuan/ton, and the supply has been tight recently.
Oxyfluorfen and mesotrione technical materials were greatly affected by the Xiangshui incident. Resorcinol was in short supply and prices rose, resulting in unusually obvious cost support. The market stopped falling and stabilized, with the possibility of a reversal. Large; the market inventory of oxyfluorfen technical material is under pressure, domestic trade in paddy fields is coming to an end, export inquiries have increased, cost support is obvious, and the price has stabilized to about 162,000 yuan/ton; mesotrione technical material supply has As a result, light-storage goods have been delivered one after another, and the quotation has stabilized at 230,000 yuan/ton. The subsequent market trend requires continued attention.
The bentazone technical park has stopped production due to safety and environmental inspections. Although preparations are in terminal inventory and the upstream and downstream replenishment is deadlocked, the inventory in each link is obviously insufficient. It is expected that the supply of goods will gradually become tight. The market quotation has reached 118,000 yuan/ton. Bentazone aqueous agent is quoted at 46,000 yuan/ton, with channels mainly digesting the original inventory; the upstream and downstream sources of cyhalofopate technical attention are high, with the manufacturer's quoted price at 230,000 yuan/ton, and upstream 3,4-difluorobenzene. The supply of nitrile and propionic acid is still tight, and the impact of the Xiangshui incident requires continued attention.
As foreign trade replenishment of clethodim technical material slows down, manufacturers seize domestic market orders. Competition is fierce. The market price reaches 170,000 yuan/ton, and domestic customers mainly wait and see. There are concentrated manufacturers of Isosporine technical material. The market price of low-content domestically used goods remains at 81,000 yuan/ton, while high-content technical material is mainly supplied for export.
The inventory pressure of atrazine technical material manufacturers is relatively high. The terminal market is slow to sell goods, and the inventory is mainly digested. The actual transaction is within 22,800 yuan/ton. The impact of the Xiangshui incident needs to be paid attention to.
Insecticide market
This week (the week of March 21, 2019, the same below) the upstream manufacturers of avermectin technical material are mainly placing orders, and the manufacturers are willing to raise prices. Strong, downstream demand is cautious.
The market quotation of avermectin refined powder is 760,000 yuan/ton. The market price of emamectin benzoate technical material has been affected by the supply of liquidated goods, and the price has been adjusted back to within 1.16 million yuan/ton. The market for Avitamin series technical drugs is mainly stable and consolidated.
The prices of upstream nicotine products CCMp (2-chloro-5-chloromethylpyridine) and CCMT (2-chloro-5-chloromethylthiazole) remain high, but the prices of imidazolidine and cyanoethyl The prices of esters and diazines have consolidated and declined, and manufacturers and channel inventories have been under pressure. Affected by the Xiangshui incident, the market is likely to stabilize. Imidacloprid technical material and acetamiprid technical material were quoted at 162,000 yuan/ton and 167,000 yuan/ton respectively. The market transactions were light and actual orders were mainly negotiated. The price of nitenpyrid technical material was affected by weak downstream demand, with the price at 255,000 yuan/ton. Yuan/ton; the low-price realization of thiamethoxam and clothianidin technical channels caused the market to fall, with quotations reaching 105,000 yuan/ton and 145,000 yuan/ton. The operating rate of pymetrozine technical material has decreased, the market inventory has been gradually digested, and the quotation of the technical material has been raised to 163,000 yuan/ton.
The supply of malathion technical material is tight, and manufacturers rarely start operations, maintaining it at a high level of 29,000 yuan/ton; the price of ethyl chloride has fallen, and the downstream technical materials of propyl bromide, chlorpyrifos, The operating rate of phoxim technical material has increased, and the downstream is mainly waiting and seeing. The downstream price has dropped. The price of profenofos technical material has remained at a high level of 70,000 yuan/ton. The price of chlorpyrifos technical material has been lowered to less than 47,000 yuan/ton. The price of phoxim technical material has been lowered. to 39,000 yuan/ton. The high cost of treating the three wastes of the organophosphorus technical process is a key factor restricting supply.
Fipronil technical manufacturers mainly arrange orders, production capacity has not been released, there are many export orders, and the price remains at 720,000 yuan/ton. The domestic manufacturers of sulfonicamid technical documents do not have complete certificates, and the market price of imported goods is 1.35 million yuan/ton.
The supply of upstream 2,6-difluorobenzamide is tight, and the price is at a high level. The production continuity of downstream raw material manufacturers is poor, resulting in the market price of related products remaining high. Currently, fluolidinuron The price of the original drug is 480,000 yuan/ton, the price of flufenuron technical is 420,000 yuan/ton, the price of lufenuron technical is 430,000 yuan/ton, and the price of ethofenazole technical is 480,000 yuan/ton. It is necessary to continue to pay attention to the impact of the release of upstream intermediate production capacity on the market.
The prices of methyl pentinate and ether aldehydes in the upstream of pyrethroids are high, the operating rate of kung fu acid is insufficient, and there are many export orders. The overall cost support of pyrethroids is relatively obvious; the raw material of high-efficiency cyhalothrin The drug market quotation is within 355,000 yuan/ton; bifenthrin technical material fell slightly to 400,000 yuan/ton; the inventory of cypermethrin technical material decreased, and the import price of DV chrysanthemum chloride was high, with the technical price quoted at 132,000 yuan/ton; cyanide The spot price of pentethrin technical material is very small and remains at 118,000 yuan/ton; the market price of high-efficiency cypermethrin mother drug is 56,000 yuan/ton.
There are few manufacturers of pyridafen technical in operation, and the price of intermediates is high. After the market price increased, it remained at a high level of 115,000 yuan/ton; the downstream demand for spirodifenacet technical and acetyfenacet technical is average. The prices were quoted at 135,000 yuan/ton and 41,000 yuan/ton respectively. The tightness of intermediates for fenfentrile technical material and diphenylcarbazide technical material has limited the release of production capacity. The market inventory is low and demand has started. The prices have been reported at 320,000 yuan/ton and 440,000 yuan/ton respectively. It is expected that with the peak of terminal drug use, arrival, the tension will not be alleviated in the short term.
Fungicide market
This week, the operating rate of difenoconazole technical material manufacturers increased, and the market reported a price of 225,000 yuan/ton; propiconazole technical material was affected by market inventory. Exports are sluggish, prices remain low, and are reported at 118,000 yuan/ton; supply of hexaconazole technical material is tight, demand is sluggish, and the market price is 160,000 yuan/ton; tebuconazole technical material manufacturers have stopped production, intermediate prices have increased, and market inventories are low , the operating rate decreased, and the market quotation rose to 140,000 yuan/ton. There are few manufacturers of tricyclazole technical started, the supply of intermediates is still limited, the market price remains at about 88,000 yuan/ton, and domestic and foreign trade transactions are sluggish. The operating rate of domestic manufacturers of epoconazole technical material is low and export orders are the main ones. The supply of goods is tight, and the supply of goods circulating in the market has reached more than 820,000 yuan/ton. Flusilazole technical manufacturers have a high concentration of operations, and the price of intermediates has increased, with the market quotation reaching 450,000 yuan/ton.
Competition among manufacturers of pyraclostrobin technical material is fierce, downstream inventories are gradually being digested, and the market has a serious wait-and-see attitude. The market price has been reported at 190,000 yuan/ton; the supply of azoxystrobin technical material manufacturers has increased, and the price/performance ratio has decreased. The market The quoted price is 360,000 yuan/ton; the digested inventory of trifloxystrobin technical material is mainly at 320,000 yuan/ton, and the market price is 320,000 yuan/ton; the circulating supply of trifloxystrobin technical material is reported to be about 500,000 yuan/ton, and there is a certain amount of inventory in the market, and exports are weak. Transactions gradually started. It is expected that the low price and cost-effectiveness of pyraclostrobin technical material will have a greater impact on the demand for some fungicides.
Manufacturers of carbendazim technical material and thiophanate-methyl technical material are under great environmental pressure and their inventories are low. We need to pay attention to the impact of the Xiangshui incident on the supply of the intermediate o-phenylenediamine. The market prices are reported at 37,500 each. Yuan/ton, 33,000 Yuan/ton. _The supply of Methylamine technical material is tight, and the market price is 158,000 yuan/ton; the demand for fluazinam technical material is increasing, and manufacturers are concentrated, and the market price has reached 365,000 yuan/ton, and the market gap is large; the manufacturer of prochlorazine technical medicine Driving is restricted, market inventory is low, prices continue to rise to more than 175,000 yuan/ton, and output is seriously insufficient. The market demand for cyanazole technical material has gradually started to increase, and the supply has become tight. The market price is 720,000 yuan/ton.
There are few upstream manufacturers of thiofuramide technical equipment, and the spot supply continues to be tight, with a stable quotation of 360,000 yuan/ton.
The supply of dimethomorph technical, ethocarb technical, and iprodione technical is tight, and manufacturers have low operating rates, with prices reported at 160,000 yuan/ton, 150,000 yuan/ton, and 168,000 yuan/ton respectively.
Intermediates market
Crude oil prices rebounded and fluctuated this week, and various chemical sub-sectors fluctuated and consolidated. The chlor-alkali market is stable; bromine stocks are low, operating rates are insufficient, and supply is tight, with prices reaching a high of 35,000 yuan/ton; the fluorine chemical market is stabilizing, with overall supply and demand stable; affected by low downstream operating rates, ethyl chloride stocks are under pressure , the goods were shipped to 18,500 yuan/ton, which weakened the cost support for downstream products. Ether aldehydes, methyl cateninate, CCMp, etc. all remain at high levels: ether aldehydes remain at a high of 75,000 yuan/ton, methyl cateninate is quoted at more than 100,000 yuan/ton, and CCMp prices are at a high of 145,000 yuan/ton. ; CCMT is still tight, with quotations reaching more than 62,000 yuan/ton; Kung acid, biphenyl alcohol, and DV chrysanthemonyl chloride markets are in short supply and prices are high. Kung acid has been quoted at a high of 320,000 yuan/ton, and the export gap is large; _Diazine , imidazolidine, and cyanoethyl ester were weak in transactions, prices fell, and inventory was mainly digested; the Xiangshui incident caused the supply of some pesticide intermediates to shrink, which requires continued close attention.
Conclusion
Downstream demand is gradually starting, manufacturers and channel inventories are gradually digesting, replenishment volume has increased, the impact of the Xiangshui incident continues to ferment, and the safety and environmental protection of the hazardous chemical industry across the country A strict investigation will inevitably lead to a decline in the operating rate of pesticide technical materials and intermediates, a contraction in supply, a lag in the resumption of production in the park, and the emergence of contradictions between supply and demand. The market is likely to stop falling, stabilize and consolidate, or even reverse. The impact of the Xiangshui incident on future pesticide market trends requires close attention.