SunSirs: Glycine Market Consolidated at a High Level This Week (August 2-6)

　　Price trend

　　According to data from SunSirs’bulk list, domestic glycine prices remained stable at a high level this week, and the average price of industrial grade glycine remained stable at 25,000 RMB/ton, with no rise or fall.

　　Analysis review

　　According to the monitoring data of SunSirs, the domestic glycine market was operating at a high level, and the mainstream price of industrial grade glycine was 25,000 RMB/ton. The downstream demand was still acceptable. The current price was high and the wait-and-see atmosphere was relatively strong. The factory started operations stably, mainly fulfilling the orders of old customers, and the new orders were limited.

　　In terms of demand: downstream glyphosate prices were high. It was understood that the price of domestic original drug glyphosate had exceeded the 50,000 RMB/ton mark. Most glyphosate manufacturers stopped quoting externally and mainly supplied orders from old customers. Orders of some companies had been scheduled to October, and the industry’s prosperity was unabated.

　　Market outlook

　　Glycine analysts of SunSirs believe that the current supply of glycine is relatively sufficient. Under the support of demand, the price of glycine is firm. It is expected that the glycine market will continue to operate at a high level in the near future.