In the first half of 2023, the agrochemical industry, including phenthoate, faced significant challenges. In Q1, low demand from downstream industries led to price cuts and plunging prices for agrochemicals. In Q2, unseasonal weather and high inventories further hindered the market, resulting in dull and muted phenthoate prices throughout the period.
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Definition
Phenthoate is an agrochemical belonging to the class of organophosphate insecticides. It is used in agriculture to control a wide range of pests, including insects and mites. Phenthoate works by inhibiting cholinesterase enzymes in the nervous system of pests, leading to their paralysis and eventual death. It is commonly applied on various crops to protect them from insect infestations and improve overall crop yield and quality.
Key Details About the Phenthoate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Phenthoate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Phenthoate Price chart, including India Phenthoate price, USA Phenthoate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Phenthoate Price Trend:
Phenthoate is primarily utilized as an agrochemical in the agricultural industry to combat pests and insects that pose a threat to crops. It belongs to the class of organophosphate insecticides and is effective in controlling a wide range of pests, including insects and mites. By inhibiting cholinesterase enzymes in the nervous system of pests, Phenthoate paralyzes and eliminates them, thereby safeguarding crops and enhancing agricultural productivity.
Key Players:
- Yantai Keda Chemical
- Syngenta
- Jiangsu Baoling Chemical Co., Ltd.
- Acme Organics Pvt. Ltd
- Bharat Group
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