Domestic ex-factory
price of azoxystrobin technical has begun to rally since late Dec. 2012 as the
demand for this fungicide increased mainly from
overseas market and the stocks of some leading domestic manufacturers got low.
And these main factors stimulating price rise of azoxystrobin technical still
exist, indicating that the product's price may continue going up to a certain
extent in the next few months of this year, according to Fungicides China News issued by CCM I in February.
Specifically, in
late Dec. 2012, the ex-factory price of azoxystrobin 95% TC increased by 5.33%
to about USD37,672/t (RMB237,000/t) compared with that in early Dec. 2012. It
was not until 8 Jan., 2013 that a majority of domestic manufacturers raised
their quoted prices, climbing to around USD38,692/t (RMB243,000/t), up 8.18%
over early Dec. 2012. Moreover, this uptrend still prevails in the rest weeks
of Jan. 2013. Moreover, it surged to USD39,804/t (RMB248,000/t) in early Feb.
2013.
As a matter of
fact, the ex-factory price of azoxystrobin
technical plummeted in China in 2010 and 2011 with the capacity expansion.
Moreover, it still didn't manage to get rid of the decline trend in 2012.
In detail, the
price fall range of azoxystrobin technical was bigger in the first four months
of 2012. The ex-factory price of azoxystrobin 95% TC dropped to USD40,915/t
(RMB258,000/t) in early April 2012, down 23.06% in comparison with that in
early Jan. 2012.
From May to Sept.
2012, the price decline range of azoxystrobin 95% TC was smaller, only 6.74%.
And in Q4 2012, the ex-factory price of this fungicide decreased to a
relatively low level over the previous three quarters of last year. It is
particularly worth noting that the ex-factory price of azoxystrobin 95% TC
firstly fell below USD50,000/t (RMB318,471/t) in March 2012, hitting about
USD45,904/t (RMB290,000/t), down 13.67% over early Jan. 2012. And it was not
until July 2012 that its ex-factory price once again fell below USD40,000/t
(RMB254,627/t) to about USD39,273/t (RMB250,000/t).
Thereafter, the
ex-factory price of azoxystrobin 95% TC sank all the way and broke below the
previous month's low in early Dec. 2012, less than USD36,000/t (RMB226,478/t),
slipping to USD35,765/t (RMB225,000/t).
The increasing
capacity resulted from more and more domestic agrochemcial companies' launch of
their azoxystrobin technical production is the most important factor dragging
down the ex-factory price of the product in the past three years. Furthermore,
the rapid capacity expansion caused confusion in the market of azoxystobin
technical, among which price disorder and malign competition were relatively
serious problems.
It is well known
that azoxystobin is the most popular fungicide in the world with an annual
sales value of over USD1.0 billion at present, which attracted close attention
of a large number of domestic agrochemical companies in the past few years.
Coupled with the expired patent of the product in 2010, China's capacity
of azoxystrobin technical witnessed a jump in 2011, amounting to
about 1,500t/a.
Stepping into
2012, domestic companies' enthusiasm for azoxystrobin is not diminished but
more inspired. This can be seen from the registration situation of azoxystrobin
in China. According to the Institute for the Control of Agrochemicals,
Ministry of Agriculture (ICAMA), the new registration quantity of azoxystrobin
in 2012 amounted to 37 (not including repacking registration), including 22 for
technical and 15 for formulations.
However, a majority
of domestic manufacturers have had to reasonably plan production since H2 2012
due to the gloomy demand for azoxystrobin from overseas market and slimmer
profit margin. As a result, they have tried to keep stock level low during the
past few months, which can make the price right itself little by little.
Coupled with the
coming of fungicide export peak season, most of azoxystrobin manufacturers in
China have raised their quotations recently. Under the circumstances, the
ex-factory price of azoxystrobin 95% TC witnessed a sound soar in the meantime.
It is estimated that the ex-factory price of this fungicide will continue going
up in the first half of 2013 with the demand push, but its rise range will not
be very big due to the intense competition inside this industry.
Table contents of
Fungicides
China News 1302:
Ex-factory price
of azoxystrobin technical rallies
2011-2012 field
efficacy tests for 11 new fungicide AIs launched
Epoxiconazole to
greatly push up Huifeng Agrochemical's 2013 performance
First batch of
merged agrochemical companies released in China in 2013
Qingdao Hailir
applying for first domestic registration of cyazofamid
Sinochem Agro
launches new fungicide product: flumorph•pyraoxystrobin 25% SC
Chinese
fungicides Imp. & Exp. analysis in 2012
Export volume of
chlorothalonil technical drops in the first ten months of 2012
Langtai Biotech
successfully develops formula of azoxystrobin 80% WG
Zibo Wanchang
obtains two patents on azoxystrobin preparation method
Dimethomorph
registration soars in China in 2012
New fungicide
formulation registrations in 2012
Price update in
Feb. 2013
Fungicides China News, a monthly publication issued by CCM on 10th,
releases a wealth of exclusive analysis on market dynamics, company dynamics,
import and export data, and other more brief news inside the industry. You may
find cooperative opportunities with domestic and international manufacturers,
supplier and exporters.
CCM is dedicated to
market research in China
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
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