SunSirs: Glycine Market Temporarily Stabilized on August 30
August 31 2022 09:36:35 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, on the 30th, the domestic glycine market was consolidated and the average market price of industrial-grade glycine fell to 13,166 RMB/ton, down 28.83% from the beginning of the month.
Analysis review
It is understood that there were few quotations in the glycine market, the factories were not operating enough, and the volume and price of glycine fell. The mainstream price of downstream glyphosate raw materials was around 62,000 RMB/ton, and the overall demand was not as good as expected. The export market remained relatively stable, the inventory of enterprises was high, and the willingness to purchase glycine was not strong.
Market outlook
At present, the price of glycine has fallen to a low level, and there is limited room for continued decline. It is expected that the glycine market will be consolidating in the near future.
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