Fungicides China Monthly Report 202408 (12 issues per year)
In August, the fungicide TC market was fairly stable, with most product ex-works prices either steady or rising. Overall, prices increased by 0.74% MoM but declined by 5.75% YoY.
In August, prices for most major raw materials used in fungicides declined, with only a few seeing significant increases, averaging a
month-on-month rise of 2.33%.
On 30 July, an explosion occurred at Hunan Solarchem's triazole workshop, which may result in a factory shutdown of at least six months, significantly impacting the triazole market.
On 7 Aug., the environmental impact report of Zhejiang Nanjiao's novel green high-efficacy environmentally-friendly pesticide TC project (Phase I) was publicised to be approved, which included adding production capacity for 1,500 t/a SDHI fungicides.
On 5 Aug., 2024, EI report (revised) for Lanzhou Tuoqiu's 12,100 t/a active pharmaceutical ingredients, pesticide and pharmaceutical
intermediates project was to be approved, which includes building three new production lines for fungicides tebuconazole, azoxystrobin,and trifloxystrobin.
On 8 Aug., China released an action plan for the strengthening of carbon peak and carbon neutrality standards and measurement
systems for 2024–2025, aiming to bolster the position of its industrial products amid rising risks of hidden trade barriers in key markets.
On 26 Aug., Guangdong released the Guangdong Methane Emission Control Work Plan to enhance methane emission control.
On 25 July, ICAMA publicised the 8th-batch pesticides that it had planned to approve of registration, which includes 51 fungicide products, with the majority being SC formulations and of low toxicity.
On 29 July, the Guangdong Agricultural Pest and Disease Warning and Control Centre forecasted heavy pest and disease occurrences
on crops for the second half of 2024, impacting approximately 11.33 million ha.
In July 2024, exports of China's fungicide formulations jumped to 21,799.86 tonnes, up 60.03% YoY, with the export value rising by 55.
85% YoY to USD100.91 million, despite an average price drop of 2.53% YoY.
In August, prices for most major raw materials used in fungicides declined, with only a few seeing significant increases, averaging a
month-on-month rise of 2.33%.
On 30 July, an explosion occurred at Hunan Solarchem's triazole workshop, which may result in a factory shutdown of at least six months, significantly impacting the triazole market.
On 7 Aug., the environmental impact report of Zhejiang Nanjiao's novel green high-efficacy environmentally-friendly pesticide TC project (Phase I) was publicised to be approved, which included adding production capacity for 1,500 t/a SDHI fungicides.
On 5 Aug., 2024, EI report (revised) for Lanzhou Tuoqiu's 12,100 t/a active pharmaceutical ingredients, pesticide and pharmaceutical
intermediates project was to be approved, which includes building three new production lines for fungicides tebuconazole, azoxystrobin,and trifloxystrobin.
On 8 Aug., China released an action plan for the strengthening of carbon peak and carbon neutrality standards and measurement
systems for 2024–2025, aiming to bolster the position of its industrial products amid rising risks of hidden trade barriers in key markets.
On 26 Aug., Guangdong released the Guangdong Methane Emission Control Work Plan to enhance methane emission control.
On 25 July, ICAMA publicised the 8th-batch pesticides that it had planned to approve of registration, which includes 51 fungicide products, with the majority being SC formulations and of low toxicity.
On 29 July, the Guangdong Agricultural Pest and Disease Warning and Control Centre forecasted heavy pest and disease occurrences
on crops for the second half of 2024, impacting approximately 11.33 million ha.
In July 2024, exports of China's fungicide formulations jumped to 21,799.86 tonnes, up 60.03% YoY, with the export value rising by 55.
85% YoY to USD100.91 million, despite an average price drop of 2.53% YoY.
Editor's note
Market analysis
August fungicide market stable with kresoxim-methyl leading price increase
Fungicide raw material prices fall in August with sharp rise in triazole costs
Company and supply
Explosion at Hunan Solarchem disrupts triazole market
Zhejiang Nanjiao proposes to add capacity for SDHI fungicides
Lanzhou Tuoqiu to add capacities for tebuconazole, azoxystrobin & trifloxystrobin
Policy
China unveils plan to strengthen standardisation for dual carbon goals
Guangdong launches methane emission control plan to tackle climate change
Registration
August to see 51 fungicides approved
Disease
Guangdong to see heavy disease occurrences in H2 2024
Trade analysis
China's fungicide exports surge 60% in July 2024 despite price drop
Brief news
Shanxi to see moderate to light apple pest and disease occurrences in H2 2024
China to approve cyclobutrifluram for wheat crown rot
Changqing Nantong plans to add 500 t/a epoxiconazole TC capacity
Anhui Neotec to add capacity for boscalid & fluxapyroxad
EI report of Hebei Shanli's trifloxystrobin and kresoxim-methyl project accepted
Shandong proposes stricter agricultural input regulations
Jiangsu Changqing's net profit plummets 88.75% in H1 2024
Minshun Chemical plans 5,000 t/a capacity for fungicide intermediate p-Toluic acid
Liaoning Weiduo proposes capacity for azoxystrobin & pyrimethanil intermediates
LFBC scraps Jiangxi Deshpu acquisition, foresees major financial impact
Price update
Ex-works prices of main fungicides in China, 8 August, 2024
Shanghai Port prices of main fungicides in China, 8 August, 2024
FOB Shanghai prices of main fungicides in China, 8 August, 2024
Market analysis
August fungicide market stable with kresoxim-methyl leading price increase
Fungicide raw material prices fall in August with sharp rise in triazole costs
Company and supply
Explosion at Hunan Solarchem disrupts triazole market
Zhejiang Nanjiao proposes to add capacity for SDHI fungicides
Lanzhou Tuoqiu to add capacities for tebuconazole, azoxystrobin & trifloxystrobin
Policy
China unveils plan to strengthen standardisation for dual carbon goals
Guangdong launches methane emission control plan to tackle climate change
Registration
August to see 51 fungicides approved
Disease
Guangdong to see heavy disease occurrences in H2 2024
Trade analysis
China's fungicide exports surge 60% in July 2024 despite price drop
Brief news
Shanxi to see moderate to light apple pest and disease occurrences in H2 2024
China to approve cyclobutrifluram for wheat crown rot
Changqing Nantong plans to add 500 t/a epoxiconazole TC capacity
Anhui Neotec to add capacity for boscalid & fluxapyroxad
EI report of Hebei Shanli's trifloxystrobin and kresoxim-methyl project accepted
Shandong proposes stricter agricultural input regulations
Jiangsu Changqing's net profit plummets 88.75% in H1 2024
Minshun Chemical plans 5,000 t/a capacity for fungicide intermediate p-Toluic acid
Liaoning Weiduo proposes capacity for azoxystrobin & pyrimethanil intermediates
LFBC scraps Jiangxi Deshpu acquisition, foresees major financial impact
Price update
Ex-works prices of main fungicides in China, 8 August, 2024
Shanghai Port prices of main fungicides in China, 8 August, 2024
FOB Shanghai prices of main fungicides in China, 8 August, 2024
