Japan launched the methanol-fueled chemical tanker Kokuryu Maru, which received its first biomethanol bunkering from MGC’s Niigata Plant and will serve as a methanol bunkering vessel. This expands methanol use as a marine fuel, indicating growing demand that could push prices upward.
Asia
In the APAC region, Dichlorvos prices fluctuated significantly throughout 2024. The first quarter started with bearish conditions as high supply and weak demand created an oversupply situation. The second quarter saw a remarkable reversal as consumer demand improved and supply tightened due to unscheduled plant shutdowns in China, caused by an earthquake and flooding.
The third quarter maintained the upward trend as manufacturing disruptions persisted. By the final quarter, modest price increases were driven by steady semiconductor demand while agricultural sector demand remained subdued due to high inventories.
Europe
European Dichlorvos markets followed a mainly downward trend in 2024. The first quarter began with price declines amid weak fertilizer demand and reduced manufacturing activity. The second quarter continued this bearish pattern, with adverse weather conditions causing waterlogged fields and increased pest pressures, prompting farmers to delay purchases. The third quarter saw slight price increases as regional supply tightened due to logistical bottlenecks. In the fourth quarter, prices strengthened moderately with revived semiconductor demand, though fertilizer demand remained low during winter.
North America
North American Dichlorvos prices showed a bearish trajectory for most of 2024. The first and second quarters saw declining prices due to reduced agricultural demand and inventory buildup, with farmers scaling back fertilizer use. The third quarter continued this downward trend amid cautious purchasing behaviour and unfavourable weather conditions. However, the final quarter brought more stability with modest price increases as supply tightened due to weather-related logistics disruptions, while the semiconductor industry provided steady demand support.
Analyst Insight
According to Procurement Resource, Dichlorvos prices are expected to stabilize in early 2025 as manufacturing disruptions resolve and agricultural demand gradually recovers with seasonal activities.
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Asia
In the Asian market, Dichlorvos prices showed a mixed trajectory during the second half of 2023. The third quarter witnessed a notable increase in procurement rates as agricultural sector demand strengthened. Limited inventory levels became apparent as supply chains faced disruptions, pushing prices upward. However, by the fourth quarter, the market sentiment weakened. Oversupply conditions emerged as manufacturers increased production to capitalize on earlier profit margins, while downstream demand remained relatively stable. This led to suppliers offering discounts to maintain product movement and clear inventories.
Europe
European Dichlorvos traders experienced a positive price trend throughout the third quarter of 2023. The upward movement resulted from limited product availability in the region coupled with strong trading activities. Manufacturers responded by increasing production rates to meet healthy demand. Contributing factors included rising feedstock costs and increased bulk orders from agricultural sectors. By the fourth quarter, however, the market cooled as new orders declined and demand from key sectors moderated. Imported products from exporting nations with lower price points influenced the domestic European market, leading to price corrections by December.
North America
The North American Dichlorvos market showed a gradual rather than steep price increase during the third quarter. This was primarily driven by rising production costs as feedstock materials and crude oil prices increased. The limited inventory stocks allowed traders to enhance profit margins. However, the fourth quarter saw sluggish market sentiment despite upticks in feedstock prices. Logistics complications, particularly related to the Panama Canal drought, affected transportation and distribution networks. These factors, combined with adequate product availability and subdued downstream demand, compressed profit margins for traders.
Dichlorvos is a thick, colourless liquid pesticide. It smells somewhat sweet and combines with water easily. Dichlorvos is mixed with other chemicals and applied as a spray for pest control. It can also be put inside plastic that releases the chemical gradually. In addition to controlling insects on animals, dichlorvos is used to control insects in barns, greenhouses, and food storage places. Outdoor crops typically aren't subjected to it. Dichlorvos is occasionally used to control insects in homes and workplaces. It is used by veterinarians to manage parasites in animals.
C4H7Cl2O4P
Pesticide, Used as fumigant
Dichlorophos, 2,2-Dichloroethenyl dimethyl phosphate
Hubei Sanonda Co., Ltd, Shandong Dacheng Pesticide Co., Ltd., Gaomi City Luzhou Chemical CO., Ltd
CurrencyUS$ (Data can also be provided in local currency)
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