In February, the Chinese pesticide price index continued to decline. According to statistics from the China Pesticide Industry Association, the Pesticide Price Index (CAPI) for February was 78.12, a month on month decrease of 0.92% and a year-on-year decrease of 12.06%. Overall, pesticide prices have shown stable consolidation, with some products experiencing differentiation and fluctuations. February is the traditional Chinese New Year holiday in China, with logistics shutdowns, a decrease in upstream and downstream operating rates, a slowdown in trading, and most product prices remaining at low levels or even operating at cost lines. The prices of a few products that require immediate stocking have been raised. This month, the transaction prices of bulk herbicide products such as glyphosate, glufosinate ammonium, and 2,4-D have continued to decline; The insecticide price index fell by 1.64% month on month, and the transaction price of acetamiprid continued to decline, driving the insecticide price index to fall by 1.06 percentage points; The price index of fungicides increased by 1.46 month on month, and the prices of products such as carbendazim, mancozeb, thiophanate methyl, and chlorothalonil all rose to varying degrees due to the increase in domestic and foreign trade demand.

    In February, the herbicide price index was 74.46, a month on month decrease of 1.64% and a year-on-year decrease of 15.50%. Among the 44 herbicide products monitored, 16 showed a month on month increase in weighted average transaction prices and 28 showed a month on month decrease; There are 4 types of weighted average transaction prices that have increased year-on-year and 40 types that have decreased year-on-year.

    In February, the insecticide price index was 81.73, a month on month decrease of 0.85% and a year-on-year decrease of 9.06%. Among the 37 pesticide products monitored, 17 showed a month on month increase in weighted average transaction prices, 5 remained unchanged, and 14 showed a month on month decrease; There are 8 types of weighted average transaction prices that have increased year-on-year and 27 types that have decreased year-on-year.

    In February, the price index of fungicides was 85.62, up 1.46% month on month and down 3.12% year-on-year. Among the 31 fungicides products monitored, 21 showed a month on month increase in weighted average transaction prices, 3 remained unchanged, and 7 showed a month on month decrease; There are 6 types of weighted average transaction prices that have increased year-on-year, 2 types that have remained unchanged year-on-year, and 22 types that have decreased year-on-year.