Summary: In late April, the completion-based environmental protection check and acceptance report of Gansu Binnong's 22,000 t/a pesticides and intermediate project (Phase I) was released. The Phase I program includes 5,000 t/a glufosinate-ammonium production capacity.
In late April, the completion-based environmental protection (EP) check and acceptance report of Gansu Binnong Technology Co., Ltd. (Gansu Binnong)'s 22,000 t/a pesticides and intermediate project (Phase I) was released. The Phase I program involves production lines of 5,000 t/a glufosinate-ammonium and 9,000 t/a methyldiethoxyphosphine, plus some supporting facilities. The lines were located in Lanzhou New Area Chemical Park, Lanzhou City, Gansu Province. Gansu Binnong is a wholly-owned subsidiary of Shandong Binnong Technology Co., Ltd.
In early May, the ex-works price of 95% glufosinate-ammonium TC was quoted at USD8,029/t (RMB57,000/t) in China. The price fell by 28.75% YoY. Currently, the glufosinate-ammonium producers have quite good operation and there is ample supply in the market. Against the backdrop of weak demand as well as excessive supply, no wonder the product has a rather weak price.
Since late 2023, several companies have revealed progresses of their glufosinate-ammonium projects, such as:
Source:CCM
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