Glycine market rose sporadically this week (7.12 ~ 7.16)

1、 Price trend

Gamma Polyglutamic Acid

According to the data of business news agency’s block list, the domestic glycine price continued to rise this week, with the price of 24000 yuan / ton at the beginning of the week and 24333 yuan / ton at the end of the week, up 1.39%.

2、 Analysis and comment

According to the price chart of the business association, the low-end price of glycine rose this week, and the current mainstream price of industrial glycine is around 25000 yuan / ton. The tight supply situation has been eased, and the manufacturer can receive new orders. Due to the high price, the new orders are limited, and the factory mainly completes the orders of old customers. In terms of devices: the start-up enterprises are basically fully open, and the parking enterprises have plans to start up in the near future.

In terms of demand: the price of glyphosate in the downstream fluctuated in a narrow range around 50000 yuan / ton, just needed to be supported, the price was firm, and the demand for glycine was relatively stable.

3、 Future forecast

Business community glycine analysts believe that the current supply of glycine is more sufficient, downstream demand procurement, rising power is insufficient, glycine prices are expected to consolidate in the future.

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