In mid Feb., average ex-works price of China’s glyphosate TC was around USD (RMB21,000/t), with offers from major players raising by USD72.20/t-USD101.08/t (RMB500/t-RMB700/t).
Demand remained stable and low both at home and abroad, but price showed an upward tendency due to the COVID-19 outbreak when many enterprises had postponed their work resumption after the Chinese New Year holiday and most of roads were blocked nationwide. Producers in central China had moderately reduced their operating rates after the festival, whilst suppliers in the west raising prices as a result of regional significantly restricted transportation.
The virus outbreak has pushed up glyphosate TC price, but remained unclear for the whole industry. For now, the production and price were directly affected by raw material and transport factors. Relevant impacts will be more obvious in the coming peak season.
View more articles at CCM Glyphosate China Newsletter February 2020 issue or email firstname.lastname@example.org to know more.