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SunSirs: Glycine prices fell sharply in March
April 01 2022 09:07:39()

Price trend

According to the bulk list data of SunSirs, the price of domestic glycine fell step by step in March. The average price of industrial grade glycine was stable at 34666RMB/ton at the beginning of the month and 26833RMB/ton at the end of the month, down 22.6%.

Analysis and comment

According to the price chart of business agency, the domestic glycine market took a sharp turn in March, mainly due to the lower price of raw materials and the tightening of downstream construction due to domestic health events. Under the influence of multiple bad news, the glycine price was under pressure. In terms of production, due to the impact of the epidemic, the opening work in Shandong has been greatly reduced, and about 50% of the work has been started in other regions. The market is in a situation of weak production and marketing.

Demand: the downstream glyphosate market continues to fall slightly, and the price of glyphosate technical drug will reach around 65000RMB/ton. The overall market is weak and stable, the downstream export market has not been fully opened, the mentality of the industry is OK, and the market outlook is mostly bullish.

3、 Future forecast

Glycine analysts of SunSirs believe that, on the whole, the glycine market is mainly restricted by the downstream glyphosate market. The glyphosate price is still high. Under the condition of continuous demand follow-up, it is expected that the glycine price will rebound in the near future.

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