Pesticide Market Update: Lambda-cyhalothrin Price Increases, while Glyphosate and Other Varieties See Adjustments
The pesticide market largely continued its previous trend last week, with the overall trading atmosphere failing to gain significant momentum. Terminal procurement demand remained relatively flat, and many market participants maintained a wait-and-see attitude. The market is currently characterized by three key trends: Prices for most products are fluctuating within a low range as the industry's primary focus remains on destocking existing inventory. A few products, however, are holding firm. This is due to a combination of low existing inventory and insufficient operating rates at manufacturing plants, which has led to a tightening of market supply. Conversely, some products that experienced significant price hikes earlier are now on a downward trajectory. Weighed down by the dual pressures of oversupply and weak demand, these products lack support from the demand side and may see further price declines in the short term.