SunSirs: Glycine Market Continued to Decline on August 16
August 17 2022 09:06:38 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, on the 16th, the domestic glycine price continued to fall, and the average market price of industrial-grade glycine fell to 13,333 RMB/ton, a decrease of 3.61% from the 15th. It is understood that the low-end price of glycine market was around 11,500-12,000 RMB/ton.
Analysis review
Due to the constraints of domestic environmental protection policies, less than 50% of the industry started. At the same time, the demand continued to be weak, and the quantity and price of glycine fell.
The mainstream price of downstream glyphosate raw materials was around 62,000 tons/yuan, which was also limited by environmental protection factors. The export market remained relatively stable, the inventory of enterprises was high, and the willingness to purchase glycine was not strong.
Market outlook
The price of glycine has fallen sharply recently. Under the market atmosphere of buying up and not buying down, it is expected that the price of glycine may continue to decline in a narrow range in the near future.
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