October 19, 2025
Dongying dimethyl carbonate production plant completed
Paraformaldehyde is primarily used in the manufacturing of herbicides, pesticides, and fungicides. As a result, its global market is closely tied to the growth cycles of plants, especially grasses. In China, most manufacturers operate during the winter months, while sales typically increase in spring and autumn. Once October arrives, the demand for herbicides and pesticides rises, triggering the production season for these products. However, due to ongoing financial instability, the paraformaldehyde market has not seen significant growth.
In China, approximately 90% of paraformaldehyde is used in pesticide production, including key compounds such as glyphosate, acetochlor, and butachlor. Glyphosate stands out as the largest consumer of paraformaldehyde, making its market conditions a critical factor influencing paraformaldehyde prices and demand.
Over the past two months, the price of glyphosate has been on a downward trend. Some companies have reported prices falling below 30,000 yuan per ton. This market, once a favorite among investors in 2008, has now experienced a sharp decline, with the bubble bursting and revealing its true state.
This downturn in the glyphosate market has severely impacted the paraformaldehyde industry. With weak demand from glyphosate producers, news of factory shutdowns has become more frequent, leading to slow sales and rising inventory levels. Faced with this situation, many companies have tried to limit production and stabilize prices, but these efforts have had limited success. As a result, the paraformaldehyde market has struggled, with prices dropping to between 4,500 and 5,000 yuan per ton.
Manufacturers in Shandong report that buyers, who were once eager to purchase at this time of year, are now actively seeking out buyers instead. This shift in buyer behavior is not isolated to Shandong but is being observed across the industry, signaling a broader slowdown in demand and a challenging period for paraformaldehyde producers.
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