1、 Price trend

According to the data of business news agency’s block list, the domestic glycine price continued to rise this week, with 2333 yuan / ton at the beginning of the week and 24000 yuan / ton at the end of the week, up 2.86%.

2、 Analysis and comment

According to the price chart of business association, glycine price continued to rise this week, reaching the highest level in nearly a decade. Mainstream factories continue to stop reporting and complete orders from regular customers. It is understood that the latest transaction price in the current market is 25000 yuan / ton, the overall supply of goods in the market is limited, the price is high, and the market attention has increased.

Demand side: due to the reduction of glyphosate production abroad and the peak demand season, the price of glyphosate in the downstream reaches has reached a ten-year high, and the current price is close to 50000 yuan / ton, with strong demand support.

3、 Future forecast

Glycine analysts of business news agency think that the demand side is good, but the current glycine price is on the high side. Considering the acceptability of downstream, it is expected that the glycine market will fluctuate in the short term.