SunSirs: On July 29, the Glycine Market Is Running at a Low Level
July 29 2022 15:18:39 SunSirs (John)Price trend
According to the monitoring data of SunSirs, on the 29th, the domestic price of glycine was stable at 18,666 RMB/ton, and the mainstream market quotation was around 18,000 RMB/ton.
Analysis review
It is reported that the glycine market is deserted, few transactions are made, and mainly completed the orders of old customers. Mainstream downstream glyphosate enterprises are not active in purchasing, which has led to the bottom of the price of glycine, and the actual transaction price in the market is mainly negotiated.
Market outlook
As the glyphosate boom is not as expected, the production start has been reduced, and the purchase of glycine has dropped sharply. It is expected that the glycine market will not improve in the near future, and it is necessary to pay close attention to the changes in market supply and demand.
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