According to the bulk list data of SunSirs, the price of domestic glycine fell this week. The price of industrial grade glycine at the beginning of the week was 23666 RMB/ton and that at the weekend was 22333 RMB/ton, down 5.63%.
2、 Analysis and comment
According to the monitoring of the SunSirs, the price of glycine continued to decline this week, and the mainstream quotation in the market was around 20000-23000 RMB/ton. Affected by the epidemic, the operation of glycine was insufficient, and the overall operation of the market was less than 50%. Part of the downstream self-sufficiency model, affected by the reduced demand for downstream products, the glycine market continued to slump.
Downstream products: the mainstream price of downstream glyphosate technical drug is around 65000 RMB/ton. It is understood that the current market price is high, the rising power is insufficient, the supply of foreign manufacturers returns to normal, the tight supply of glyphosate has been effectively alleviated, and the future rising space of glyphosate is limited.
3、 Future forecast
Glycine analysts of SunSirs believe that the current glycine market is lack of positive factors to boost, and the price is expected to be adjusted and operated in a narrow range.
