Overall Market Overview

Last week, pesticide market demand continued to be sluggish, with poor trading activity. In terms of price trends, the overall performance was stable with limited fluctuations. For some products, as upstream enterprises resumed normal production, raw material supply stabilized, and market supply capacity recovered, previously high prices began to show a downward trend. However, a few products maintained firm prices due to insufficient operating rates. Currently, most downstream production enterprises adopt cautious operating strategies to avoid risks, maintaining low operating rates, which keeps overall market inventory at a low level. Meanwhile, strong cost-side support has further stabilized product prices.

Herbicides

The herbicide market remained generally stable, with steady price trends and price fluctuations observed in only a few products. For example:

• 95% Dichlorprop-P: Decreased by 5000 Yuan, to 175,000 Yuan/ton.
• Glyphosate series products: Prices remain stable, demand is steady.
• Nicosulfuron: Market supply is sufficient, prices remain stable.

Insecticides

Most insecticide product prices remained stable, with some products experiencing price reductions. Specific examples include:

• 96% Lambda-cyhalothrin: Decreased by 2000 Yuan, to 108,000 Yuan/ton.
• 97% Imidacloprid: Decreased by 2000 Yuan, to 67,000 Yuan/ton.
• 96% Thiamethoxam: Decreased by 1000 Yuan, to 53,000 Yuan/ton.
• 97% Pymetrozine: Decreased by 2000 Yuan, to 108,000 Yuan/ton.

Fungicides

Fungicide prices are stable, but some products like Cyproconazole and Azoxystrobin saw price decreases, while supply for some products remains tight. For example:

• 95% Cyproconazole: Decreased by 3000 Yuan, to 165,000 Yuan/ton.
• 98% Azoxystrobin: Decreased by 2000 Yuan, to 138,000 Yuan/ton.
• 96% Kresoxim-methyl: Decreased by 10000 Yuan, to 245,000 Yuan/ton.
• 95% Boscalid: Decreased by 10000 Yuan, to 340,000 Yuan/ton.

Market Summary and Outlook

Based on last week's pesticide market performance, demand was sluggish, trading activity remained weak, and the overall market showed a cooling trend. In terms of prices, although overall stability was maintained, internal differentiation occurred. Resumption of upstream production led to price corrections for some previously high-priced products, while a few products with insufficient operating rates maintained firm prices due to supply-demand dynamics. Downstream enterprises, considering risks, maintained low operating rates, keeping market inventory low. This, coupled with strong cost-side support, has laid a foundation for price stability.

Looking ahead, the sluggish demand in the pesticide market is unlikely to see significant improvement in the short term, and trading activity will remain at a low level. Regarding price trends, if there are no major external shocks, most product prices will continue their stable trajectory. Some products that previously saw price corrections may stabilize as supply and demand further balance. A few firm-priced products may continue to maintain stable prices in the short term if operating rates remain low. However, the market still faces many uncertainties, such as fluctuations in raw material prices and policy changes, requiring continued attention to subsequent market dynamics.

Market Forecast

Last week, both domestic and international markets showed a downturn, with a significant reduction in new orders, a cool market trading atmosphere, and a notable slowdown in demand growth momentum. Affected by an unclear market outlook and continued sluggish demand, some product prices began to fall.

Looking at the short-term trend, most product market conditions are expected to remain stable. For individual products, although prices may continue to decline due to weak demand, the extent of the decline will be limited.