Price trend

According to the monitoring system of SunSirs, on March 22, the benchmark price of glycerol in SunSirs was 4,425.00 RMB/ton, unchanged from the beginning of this week.

Analysis review

Raw material side: Palm oil futures market rebounded. The price continued to rise, and the spot market followed suit. According to the monitoring system of SunSirs, the benchmark price of palm oil in SunSirs was 8,464.00 RMB/ton, an increase of 10.87% compared to the beginning of this month (7,634.00 RMB/ton).

The downstream market for ECH was operating weakly and steadily. According to the monitoring system of SunSirs, as of March 22, the benchmark price of ECH in SunSirs was 8,075.00 RMB/ton, a decrease of 0.92% compared to the beginning of this month (8,150.00 RMB/ton). The market demand was light, and the purchasing sentiment was not positive.

Market outlook

According to glycerol data analysts from SunSirs, the domestic glycerol market had weak demand, and downstream purchases were mostly on demand. It is expected that the market price of industrial grade 99.5% glycerol will operate steadily, with a reference price of about 4,200-4,600 RMB/ton. For more information, please pay attention to external news and market guidance.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.