Industry insiders are worried about the future of paraquat as it is likely to be banned by the international market.
The ex-works price of paraquat keeps declining sharply. The ex-works price of 42% paraquat TK was USD1,477/t in the first half of June 2016, dropped by 19.20% if compared with the USD1,828/t in Jan. 2016 and by 43.50% if compared with the USD2,614/t in June 2015, according to CCM's price monitoring.
Now, the Chinese enterprises have to take measures to cope with the continuously falling paraquat price. Shandong Luba Chemical Co., Ltd. has disclosed to invest a large sum in developing pyridine series, in order to ease the impact on the ban of paraquat in China.
As summer comes, domestic pesticide TC market enters slack season, but the demand for sterilant herbicides and wheat herbicides is still strong. Some products are likely in tight supply because environmental protection calls for capacity reduction. As a result, in Q3, seasonal products that are in demand will draw great attention, and their prices may fluctuate, according to Chen’s prediction.
Source: Agropages
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