Glyphosate CAS1071-83-6 latest market forecast

The supply and demand pattern of glyphosate CAS1071-83-6 is tight, and the cost of yellow phosphorus is promoted. We are optimistic about the industry boom in the next 1-2 years. Since the beginning of this year, in the context of the continuous optimization of the supply and demand pattern of acetic acid-glycine, yellow phosphorus and other raw materials, the price of glyphosate has continued to rise, from about 28,500 yuan/ton at the beginning of the year to about 50,000-55,000 yuan/ton. , An increase of more than 80%, a year-on-year increase of more than 130%, the price of the main raw material glycine rose from 15,500 yuan/ton at the beginning of the year to about 25,000 yuan/ton.

The orders of domestic enterprises have been scheduled to September-October, and the downstream demand is strong.

At present, the global production capacity of glyphosate is approximately 1.1 million tons. Except for Bayer’s 380,000 tons of overseas production capacity, the remaining approximately 700,000 tons of production capacity are all concentrated in China. There will be almost no new capacity in the industry in the future. The current domestic statistical inventory is less than 10,000 tons. Far below the safety stock status. However, with the promotion and application of genetically modified crops, the demand for glyphosate continues to grow steadily. We are optimistic about the continued high prosperity of the glyphosate industry in the future.