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SunSirs: The Price of Glycine Was in a Downward Trend Last Week
June 28 2022 10:01:17()

1、 Price trend

According to the data of the bulk list of SunSirs, the price of domestic glycine fell last week. The price of industrial glycine at the beginning of the week was 19000 RMB/ton, and the price at the end of last week was 18666 RMB/ton, a decrease of 15.15% compared with 30 days ago.

2、 Analysis and comment

According to the monitoring of the SunSirs, the price of glycine continued to fall last week. The mainstream market quotation was around 18000-19000 RMB/ton. The glycine market was uncertain. Most enterprises stopped reporting and the market attention increased. The downstream is dominated by rigid demand, new orders are in short supply, enterprise inventory is limited, production is stable, and glycine prices are weak and downward.

Downstream products: last week, the mainstream price of glyphosate technical drug was stable at around 65000 RMB/ton. It is understood that the current market supply is relatively loose, the enterprise sales situation is relatively stable, and the market inventory has increased. Due to the stable operation of overseas glyphosate plants and the relatively slow increase of domestic orders, the price rise of glyphosate is powerless.

3、 Aftermarket forecast

According to the glycine analysts of the SunSirs, the glycine market is expected to be weak in the near future due to the lack of significant changes in the recent market of glyphosate and the constraints of upstream and downstream.

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