1、 Price trend

According to the data in the bulk list of the SunSirs, the domestic glycine price continued to decline this week. The average price of industrial glycine at the beginning of the week was 22000 RMB/ton, and the average price at the end of the week was 21166 RMB/ton, down 3.79%.

2、 Analysis and comment

According to the monitoring of the SunSirs, the price of glycine fell last week. The mainstream market quotation was around 19000-22000 RMB/ton, and the glycine market was uncertain. The enterprise continued to stop reporting, the market attention increased, the downstream rigid demand dominated, the normal production was maintained, and the demand was relatively weak.

Downstream products: this week, the mainstream price of glyphosate technical is 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. Recently, prices have rebounded slightly, but the rise is weak and lacks the support of actual positive factors.

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.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.