MARKET INFORMATION 20220306

Under the influence of international situation, crude oil price hit a new high and petrochemical basic raw materials rose, supporting the current agrochemical market; Temperature rise, spring replenishment, demand gradually warm. However, the market is still in the downward channel. In addition to the inventory consumption of the end customers, they replenished goods in batches, constantly reduced the inventory red line, and did not buy goods when they are not needed, resulting in a decline in factory orders compared with the same period, and a rapid decline in the prices of some products.

March 06, 2022, significantly decreased than last month, 56.00% of the products fell from the high.

 Herbicide: Herbicide technical prices, compared with a substantial drop in last month. It was mainly affected by the high level of GLyphosate, Glufosinate-ammonium and Diquat TK.

 Insecticide: Insecticide technical prices fell sharply last month, the overall fall is more obvious.

 Fungicide: Fungicide technical prices, compared with a substantial drop last month.