Market dynamics of chemical active pharmaceutical ingredients: prices of some products have been adjusted upwards, and the announcement of new projects has attracted attention

08/01/2025 10:13:26

Recently, the chemical raw material market has witnessed a series of new changes, with price fluctuations and project construction becoming the focal points of the market.
On July 25th, two companies, Changqing Stock and Shandong Binnong, issued a price adjustment notice for metolachlor. Due to the continuous and significant rise in the prices of key raw materials upstream of metolachlor, resulting in increased production costs, the two companies have decided to raise the price of metolachlor technical to 25,800 yuan/ton from today. This price adjustment reflects the direct impact of raw material costs on the price of chemical technicals, and has also sparked market attention to the subsequent price trends of related pesticide products and changes in market supply and demand.
Meanwhile, the fungicide market has also exhibited different performances. According to the China Petroleum and Chemical Network on July 28, triazole products are in the peak season replenishment stage, with price fluctuations consolidating. Among them, the quotation for difenoconazole technical is 88,000 yuan/ton, and the quotation for tebuconazole technical is 50,000 yuan/ton. The market is dominated by rigid demand for stocking, with a higher number of export inquiries. Due to tight market supply and difficulty in obtaining spot goods, the quotation for tricyclazole technical reaches 66,000 yuan/ton. In addition, the market for pyraclostrobin technical is consolidating in stages, with a quotation of 150,000 yuan/ton; azoxystrobin technical is mainly for rigid demand replenishment, with a quotation of 140,000 yuan/ton.
In terms of project construction, there have also been new advancements in the field of chemical active pharmaceutical ingredients (APIs). Recently, the Shanghe Branch of the Jinan Municipal Ecological Environment Bureau accepted and publicized the "Shandong Aokun Crop Science Co., Ltd.'s Annual Production of 120,000 Tons of Green and Environmentally Friendly API/Intermediates and Pesticide Compound Expansion Project (Phase I)". This project is a major implementation project in Shandong Province in 2025, with a total investment of 300 million yuan for the first phase. Upon completion, it will produce 20,000 tons of API/intermediates and 100,000 tons of pesticide compound formulations annually. The main products include various formulations such as herbicides, insecticides, and fungicides. The construction of this project is expected to further enhance the production capacity of chemical APIs in Shandong Province, optimize the product structure, and have an impact on the supply pattern of the domestic chemical API market.
Overall, driven by cost factors, some product prices in the chemical raw material market have been adjusted recently. Meanwhile, the announcement of new projects indicates potential changes in industry capacity. The subsequent market dynamics merit continuous attention.