September prices of raw materials for pesticide production rebounded

The prices of pesticides are closely linked to the prices of agricultural foods. The raw materials and pesticides used in pesticide production are even more involved. The prices of raw materials for pesticide production rebounded significantly in September.

Due to factors such as insufficient inventory, rising demand, higher international prices, and the third round of quantitative easing policies initiated by the United States, prices of raw materials for pesticide production rebounded in September.

The price of yellow phosphorus raw materials continued to fluctuate higher this month, with an average price of RMB 16,700/ton, up by 1.2% from the previous month. As the operating rate of downstream companies including pesticide companies increased, the demand for ** and ** increased significantly; in September, raw materials prices of ** and ** were 1,700 yuan/ton and 680 yuan/ton, respectively, with a month-on-month increase of 1.2%. And 6.3%.

Quantitative easing policies have led to an increase in the prices of international bulk products and a significant rebound in the domestic methanol and benzene market. In September, the average price of methanol was around 2,750 yuan/ton, which was a 8.2% increase from the previous period. The average price was around 9,270 yuan/ton, a 7.8% increase from the previous quarter. The chain prices of toluene and xylene raw materials all increased by more than 10%.