In early May 2022, the price of glufosinate-ammonium technical continued to rise in China. As of 6 May, some individual manufacturers made quotations for 95% glufosinate-ammonium TC at USD37,707/t. The mainstream deal prices averaged out at USD34,691/t, up 6.9% against records for late April this year. It’s reported that some transactions were nailed down at prices up to USD36,199/t~USD37,707/t.
The tight product supply is the key reason behind the continuous price hike of glufosinate-ammonium. The overall market demand for the product is strong, while the available product supply on the market is tense. Right now, the major manufacturers are holding a large quantity of orders.
It’s predicted that the price uptrend would go on in the short term, since the short supply may last for the whole second quarter this year and the domestic manufacturers’ releasing new production capacities have postponed.
On the contrary, the price of glyphosate, falling into the same pesticide category of glufosinate-ammonium, has remained stable during the past two weeks. The deal price of 95% glyphosate technical ranged from USD9,502/t to USD9,804/t in the country.
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