Key words of the passage: yellow phosphorus; price; glycine; market

As of November 10, the price of yellow phosphorus was about 33,000 yuan/ton, and the transaction price was 27,000-28,000 yuan, which was a 21% drop from about 42,000 yuan/ton on October 27 and about 65,000 from the high point at the end of September. Yuan/ton plunged 96%; it showed a slight rebound in the past two days. In addition, the price of phosphoric acid has fallen below 12,000 yuan/ton, a drop of over 42% from the high of 21,000 yuan/ton at the end of September.

The price of glycine is still strong. The latest factory quotation is 35,000 yuan/ton, which was around 25,000 yuan before the price increase in August, going back to the beginning of this year, glycine price is 10,000yuan/ton. Hebei Donghua Chemical (100,000 tons/year), China's largest glycine plant, said that from January 1st to February 15th, 2022, due to the impact of the Winter Olympics, the plant will most likely face production suspension.

The prices of bulk raw materials are falling, and the procurement strategy for pesticides should be formulated in accordance with the actual needs in the short and medium term.

Source: AgroPages