SunSirs: Glycine Market Continued to Fall on August 12
August 15 2022 09:09:37 SunSirs (John)
Price trend
According to the data of SunSirs' bulk list, on the 12th, the domestic glycine price continued to fall, and the mainstream market quotation was around 11,500-12,000 RMB/ton.
Analysis review
It is understood that the glycine market maintained a sluggish trend, and companies’ shipment was not smooth, and their enthusiasm for production was not high. There were few new orders in the downstream, mainly to complete the orders of old customers.
The downstream glyphosate market had also not improved. Fortunately, the price had not been significantly lowered. The mainstream price of domestic glyphosate raw materials was around 62,000 tons/yuan. The export market remained stable, the inventory of glyphosate enterprises increased, and the start of construction was tightened.
Market outlook
Demand support is weak, and it is expected that the price of glycine will continue to consolidate at a low level in the near future.
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