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China's paraformaldehyde is mainly used for the production of pesticides, such as glyphosate, acetochlor, butachlor, etc.; followed by production of paints, resins and so on. At present, about 90% of paraformaldehyde in China is used to produce pesticides. Glyphosate is the largest downstream user of paraformaldehyde. The market of glyphosate directly affects the trend of paraformaldehyde.
The market price of glyphosate has been declining for nearly two months. Some companies have already shouted prices that have fallen below 30,000 yuan/ton. This market, which was favored by many investors in 2008, has been boiling and finally broke. The bubble around it began to reveal its original features.
Affected by this, the paraformaldehyde market has been devastated. As the market of glyphosate is very light now, the news of the shutdown of the production line of the company has spread from time to time, resulting in paraffin-formaldehyde manufacturers' products that have gone up and the shipment has been sluggish. In desperation, companies have adopted more measures to limit production and insure prices, but they have had little success. The continued sluggish market demand has caused many companies to struggle and the market price of paraformaldehyde has dropped to 4,500-5,000 yuan/ton. Shandong's manufacturers said that buyers had come to this time from previous years, but now they are looking for buyers everywhere. This phenomenon does not only occur in Shandong.
Glyphosate market crashed paraformaldehyde
Paraformaldehyde is mainly used in the production of pesticide herbicides and fungicides. As a result, the market for paraformaldehyde in the international market is directly affected by the growth cycle of plants (especially grass). At home, the general manufacturers use winter production. There are more ways to sell in spring and autumn. After entering October, it has gradually entered the production season of herbicides, pesticides and other products. However, due to the financial turmoil, the market for paraformaldehyde is not booming.