The boom of the pesticide market continued in the second quarter, and the performance of the mid-report was quite expected, which was the main factor for the strength of the stock market. At the same time, the environmental protection verification of glyphosate and pyridine antidumping pushed the price up and further boosted the performance of the sector.

Wang Lichen, a pesticide analyst at Zhuochuang Information, believes that although the price trend of glyphosate and other major pesticides has stabilized after the sharp rise in the early stage, it has been at a high level, and some are still slowly rising. For example, since June, the price of glyphosate has reached about 38000/ton. The price of pure pyridine rose 5.56% in the week before the Dragon Boat Festival and also climbed to 38000 yuan/ton. Among chemical products, pesticide is one of the few major varieties with rising prices this year, reflecting the continuation of the industry boom since the end of the year.

Wang Lichen said that the main reason behind the continuation of the industry boom is the strong demand. In addition to glyphosate, many enterprise orders are scheduled for late June, and the supply of paraquat, another herbicide, is also tight due to the strong demand in the downstream, which has led to an increase in the current market price of 42% of the mainstream price of paraquat mother to 215-23 million yuan/ton. At the same time, the supply of glyphosate is also suppressed by environmental protection verification, which makes the supply more tense. The pyridine upstream of paraquat also further supported the market price due to the anti-dumping of the Ministry of Commerce against India and Japan.

In a word, under the influence of various factors such as strong demand, the price of several pesticide varieties has been moving well this year, which not only benefited the relevant listed companies in the first quarter, but also made the market look forward to the results of the midterm report. Some market participants said that at present, the stable growth of the mid-report performance continued, and even exceeded expectations. Excluding food and medicine, the traditional industries are mainly pesticides, thermal power, automobiles, rubber products, etc.

At present, of the 11 companies in the pesticide industry that have issued the interim performance forecast, 2 are expected to turn around losses, 7 are expected to increase, and only 2 are expected to decrease. The medium-term performance of the industry is really worth looking forward to. In terms of the current popular pesticide varieties, Shi Mingxuan said that glyphosate mainly includes Xin'an Shares, Jiangshan Shares and Yangnong Chemical; The main companies of paraquat are Red Sun and Sanonda A. (Green coagulation)