Price trend

According to the monitoring data of SunSirs, the price of domestic glycine fell this week. The price of industrial-grade glycine at the beginning of the week was 23,666 RMB/ton, and the weekend price was 22,333 RMB/ton, a decrease of 5.63%.

Analysis review

According to the monitoring of SunSirs, the price of glycine continued to decline this week, and the mainstream market quotation was around 20,000-23,000 RMB/ton. Affected by the epidemic, the operation of glycine was insufficient, and the overall operation of the market was less than 50%, and part of the downstream was a self-sufficient model. Affected by the lower demand for downstream products, the glycine market continued to slump.

Downstream products: The mainstream price of downstream glyphosate technical was around 65,000 RMB/ton. It is understood that the current market price is high, and the upward momentum is insufficient. The supply of foreign manufacturers has returned to normal, the tight supply of glyphosate has been effectively alleviated, and the market outlook for glyphosate has limited room for growth.

Market outlook

Glycine analysts of SunSirs believe that the current glycine market lacks positive factors to boost, and it is expected that the price will consolidate in a narrow range.

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