Thiram Price Trend and Forecast

Thiram Regional Price Overview

Get the latest insights on price movement and trend analysis of Thiram in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Thiram Price Trend for the First Half of 2024

Thiram, a dithiocarbamate, is a synthetic chemical compound used in the protection of plants. It is a potent fungicide and bactericide and is often applied to seeds to protect them from fungal infection during germination. Therefore, the primary demand for thiram came from the agriculture sector in the said period. Initially, the demand was low in the winter months, but it soon picked up as the year entered the planting season in different parts of the world. Apart from this, the prices of thiram were seen to be heavily dependent on its feedstocks, dimethylamine, and sulphuric acid.
 

Thiram Price Chart

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The prices of feedstocks witnessed regional variations, but the average global trend showed an uptick in prices. The Red Sea crisis had severely affected the global supply chains as ships had to take a longer route to avoid attacks which delayed shipments and increased the freight rates. This event had a massive effect on the prices of most commodities including the feedstocks of thiram. This increased the production costs of thiram, and to maintain the profit margins, the manufacturers had to raise prices. Overall, the prices of thiram witnessed an upward trend in the first half of 2024.

Analyst Insight

According to Procurement Resource, the prices of thiram are expected to continue following a similar trend trend in the upcoming quarter as well influenced by the variations in prices of feedstocks, especially sulphuric acid.
 

Thiram Price Trend for the Second Half of 2023

Thiram is primarily used in protecting crops from fungal diseases, such as mildew and mold. Additionally, thiram serves as a crucial component in seed treatments, enhancing seedling vigor and protecting seeds from soil-borne pathogens. The increasing emphasis on crop productivity and yield optimization further fuels the demand for thiram-based products and drives its market demand.

In Asia, fluctuations in thiram prices were tied to variations in feedstock costs, exaggerated by issues like delays in shipments due to geopolitical tensions and slow economic recovery, particularly in China. Additionally, the Indian pesticide market also reported a slowdown in the procurement of thiram from the downstream pesticide industries as the delayed sowing season disrupted the demand cycle and imparted a negative influence on the thiram price trend during H2 of 2023.

Europe also experienced stagnancy in thiram prices due to trade disruptions from geopolitical challenges and the crude oil crisis. The struggle with imports and exports was fueled by the ongoing Israel-Hamas crisis and additional sanctions on Russian imports. North America also faced weak demand, leading to excess availability and declining prices, compounded by declining costs of methylamine and other chemicals and reduced trading activities among dealers.

Analyst Insight

According to Procurement Resource, the price of Thiram is estimated to be guided by the number of queries from the downstream industries and dynamics of global trade.
 

Thiram Price Trend for the First Half of 2023

Thiram is an agrochemical used to control pests and microbes like bacteria, fungi, etc. It can also be used in the cosmetic industry to increase the shelf life and anti-bacterial and anti-fungal properties of products. As it is sourced from its feedstock materials, Dimethylamine and Sulfuric Acid, the prices also vary in accordance with the variations in the prices of these materials.

Thiram had a stable start in January’23 as the Chinese industries ramped up production after a long Covid-19 lockdown. The inventories were rising fast, and the demands from the downstream market were stable. The Thiram prices, after staying steady, initially started falling by mid-Q1 and continued their downhill journey for the rest of the said period as the inventories were overflowing. A decline in downstream demands and upstream costs also contributed to the falling price trend. Overall, the Thiram market was observed to be fluctuating during H1 2023.

Analyst insight

According to Procurement Resource, the Thiram prices are expected to continue fluctuating since the demands and the production costs influencing the market fundamentals remain volatile.

Procurement Resource provides latest prices of Thiram. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.