This year, driven by raw material costs and the optimization of industry supply and demand, the price of glyphosate continued to rise from RMB 28,500 per ton at the start of the year to RMB 53,000 per ton in August. Due to the impact of environmental compliance regulations, the supply of glyphosate might become very limited while its price could remain high.
Benefiting from strong downstream demand and the price increases of glyphosate substitutes, the price of glufosinate rose to RMB 250,000 per ton since the end of CAC Shanghai exhibition.
Due to the price rises of glyphosate and glufosinate, L-glufosinate, released just a year ago, quickly seized part of the glyphosate and glufosinate market, attracting widespread attention within the industry. Will L-glufosinate become the next leading product and its market be unsustainable?