With high demand, the price of glyphosate has risen this year. The current price of glyphosate has reached around 60,000 yuan/ton, more than double the price of 28,000 yuan/ton last year. In addition to pushing up prices, the rise in crude oil prices is also an important reason for pushing up the price of glyphosate.
Global growth in demand for glyphosate and high glyphosate prices have attracted Zhejiang Xin'an Chemical Industry Group Co., Ltd., Nantong Jiangshan Agrochemicals Co., Ltd., and Anhui Huaxing Chemical Co., Ltd. to accelerate capital increase and production expansion. Attract industry attention. On December 3, Sichuan's two major chemical fertilizer giants Chuanhua Co., Ltd. and Lutianhua Group announced that the two companies will co-fund 110 million yuan to establish Shengpu Chemical Co., Ltd. to produce raw materials for herbicide pesticide glyphosate. - iminodiacetonitrile.
It is understood that glyphosate is mainly used for weed control in the field of transgenic glyphosate-tolerant crops, non-cultivated weeds, and no-tillage crops. There are currently no new herbicides that can replace glyphosate in the world. Since the beginning of this year, the demand for glyphosate has increased rapidly due to the expansion of genetically modified corn and genetically modified soybeans in countries such as the United States and South America.
Experts estimate that the global demand for glyphosate is around 500,000 tons this year. In the coming years, with the continued expansion of planted area and the increase in demand in Southeast Asia and China, the demand for glyphosate may increase to 1 million tons. According to statistics, from 1996 to 2006, the cumulative area of ​​global genetically modified crops reached 577 million hectares, a 60-fold increase.
In addition to the growing demand for glyphosate from the continued high growth of GM crop cultivation, the rapid development of biofuels will also boost the demand for glyphosate. In order to reduce dependence on high-priced petroleum, the United States, Brazil, and other countries are carrying out large-scale biofuel feedstock planting. The planting area of ​​genetically modified energy crops that can be used for the production of alcohol and biodiesel will increase significantly. This has also greatly stimulated the use of glyphosate. Demand.
The production route of glyphosate abroad uses oil and natural gas as raw materials, and the increase in the price of crude oil will promote the increase in the price of glyphosate. In China, the most important process route is the glycine-dimethyl phosphite-glyphosate route, and the products are mainly exported. Therefore, the increase in the international market price has led to the increase in domestic product prices.
According to statistics, in the first three quarters of this year, several companies that mainly produce glyphosate, such as Xinan, Jiangshan, and Huaxing Chemicals, have achieved good results. The average increase in net profit is about 60%. In order to increase production capacity, the three companies are all interested in expanding their production scale. It is reported that Jiangshan’s production capacity will increase from approximately 20,000 tons to 42,000 tons; Xinan will increase from approximately 55,000 tons to 75,000 tons, and Huaxing Chemical’s production capacity will reach 15,000 tons. In addition to the above three companies' expansion of production capacity, Sanonda and Yangnong Chemical are also building glyphosate production lines.
According to industry insiders, due to the high possibility of international crude oil prices remaining high, and the shortage of supply of glyphosate is difficult to change in the short term, the future high profit prospects of domestic glyphosate manufacturers are very clear. This will inevitably attract related companies to expand production capacity. The shortage of glycine, the main raw material for domestic production of glyphosate, and the limited release of future production capacity, as well as the continuous growth of international demand, will continue the high price of glyphosate.
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