Insecticide TC price still decline in general in early June

    Summary: In early June, prices of insecticides TC had different changes, yet in general, insecticide TC price continued to drop. Although nicotinoid insecticides TC saw the price edge up a little due to slight increase in the price of CCMP, price decrease was the mainstream in organophosphorus insecticides TC, carbamate insecticides TC and pyrethroid insecticides TC, with steady price in a few individual products though.   

    In early June, prices of many insecticides TC were still on the decline amid weak market demand and a lack of enthusiasm for purchase. Some TC products under the categories organophosphorus insecticide, carbamate insecticide and pyrethroid insecticide had their prices set lower, some others had stable price. However, nicotinoid insecticides TC experienced small price recovery as the price of the intermediate 2-chloro-5-(chloromethyl)pyridine (CCMP) went up a bit.   

    Organophosphorus insecticides: Ex-works prices of malathion TC and phoxim TC were stable, while the prices of profenofos TC and chlorpyrifos TC went down 3.44% and 4.80% MoM, respectively. For chlorpyrifos, market demand was limited and the prices manufacturers quoted relatively stabilised. Early this month, chlorpyrifos TC producers Chongqing Huage Biochemical Co., Ltd. and Inner Mongolia Miraculous Crop Science Co., Ltd. suspended their lines for maintenance. It is believed that a surge in demand for organophosphorus insecticides is rather impossible and prices of products under this category would remain relatively stable in the short term.   

    Carbamate insecticides: Ex-works price of isoprocarb TC was stable, while the price of carbofuran TC slipped by 2.86% MoM and that of methomyl TC plunged 10.15% MoM. Since the market and the demand is still weak, and supplies are ample in producers, prices of some carbamate insecticides are expected to decrease in the near future.   

    Pyrethroid insecticides: Ex-works prices of most pyrethroid insecticides TC decreased mainly for continued sluggish domestic demand. Prices of bifenthrin TC, lambda-cyhalothrin TC and deltamethrin TC went down by 3.41%, 5.80% and 9.30% MoM, respectively. As few signs for the demand to improve are seen, prices of some pyrethroid insecticides TC may still follow a downtrend in the short term.   

    Nicotinoid insecticides: Ex-works of imidacloprid TC and acetamiprid TC increased by 0.11% and 0.74% MoM, respectively, mainly because of slightly recovered price of CCMP. Early this month, Wuzhong Linghang Biological & Pharmaceutical Co., Ltd. resumed operation of its lines of imidacloprid TC and acetamiprid TC. Besides, the supply of 2-nitroaminoimidazoline, an intermediate for imidacloprid production, increased as producers resumed production one after another. Supply of CCMP was normal, and the price climbed up a bit. Ex-works prices of nicotinoid insecticides are expected to remain stable in the short term under steady demand.   

    More information can be found at CCM Insecticide China Monthly Report.