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SunSirs: Glycine Market Declined from Lows (July 18-22)
July 25 2022 11:27:59SunSirs(John)

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 18,666 RMB/ton, and the weekend price was 18,500 RMB/ton, a weekly decrease of 0.89%.

Analysis review

According to the monitoring of the business agency, the price of glycine continued to fall this week. The mainstream quotation in the market was around 18,000-18,500 yuan / ton. The glycine market was uncertain, and most companies stopped quoting, and the market attention increased. The downstream was dominated by just-needed customers, there was a lack of new orders, the company's inventory was limited, production was stable, and the glycine market continued to be weak.

Downstream products: The price of technical glyphosate dropped to around 63,000 RMB/ton this week. It is understood that the current market supply is relatively loose, and the sales of enterprises are relatively stable. Due to the high price, the profit of enterprises is high, and the price is appropriately lowered to stimulate the sale of goods.

Market outlook

The glycine analyst of SunSirs believes that the current market for glycine demand is limited, and some glyphosate enterprises are equipped with glycine devices and do not need to purchase externally. Due to environmental protection and demand constraints, industrial-grade glycine products are facing transformation. It is expected that the price will be consolidating at the bottom in the near future.

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