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On 8 August, 2017, the Shandong Provincial Department of Agriculture made an emergency announcement, in a move to carry out a rectification targeted at restricted and banned pesticides with a focus on paraquat.
According to statistics from Think Real, in the first three quarters of 2016, China exported 160,200 tonnes of paraquat (actual volume, similarly hereinafter), which totaled USD284.4 million. In detail, the volume of TK was 94,700 tonnes, with the value of USD184.3 million; that of formulations was 65,500 tonnes, with the value of USD100.1 million.
Recently, the Shandong Institute for the Control of Agrochemicals (the Institute) published a notice emphasizing the necessity of paying attention to the illegal sale of paraquat AS with the package of diquat.
Recently, the Shandong Institute for the Control of Agrochemicals notified the findings of paraquat in certain diquat samples during the pesticide business investigation, which have severely impacted the market order, and threatened the safety of pesticide users and agricultural produce. Hence, it required local governments to enhance supervision on underground products.
In H1 2016, the paraquat price fell always, except fairly stable prices in January-March. Specifically, the price of 42% paraquat TK was down by 20.4% over January and 43.6% YoY to USD1,521/t in June.
On 17 April, the MIIT issued the Letter for the Record of the List of Enterprises awarded with Production Approval Certificate (Batch 4). Shandong Luba's 50% paraquat SG was on the list.
According to Think Real, China exported 16,500 tonnes of paraquat in December 2014, a MoM increase of 25.4%. The export value summed up to USD50.7 million, a MoM rise of 19.0%.
According to Think Real’s analysis, in Nov. 2014, China totally exported 13,154 tonnes of paraquat, up by 16.0% month on month; the total export value was USD42.6 million, increasing by 6.9% over Oct.
In November 2014, the paraquat market in China remains slack with a continuous price drop. The mainstream quotation of 42% paraquat TK (220 L) was USD3,745/t—USD3,827/t, while the actual deal price decreased to USD3,501/t—USD3,583/t.