SunSirs: Glycine Market Rose Steadily This Week (June 15-18)

　　Price trend

　　According to data from SunSirs’bulk list, domestic glycine prices continued to rise this week. The price was 21,000 RMB/ton at the beginning of the week and 21,666 RMB/ton at the weekend, an increase of 3.17%.

　　Analysis review

　　According to the monitoring data of SunSirs, the price of glycine continued to rise this week, and the trading atmosphere on the market was acceptable. The price of glycine rose to a high level. The mainstream quotation of industrial grade glycine was 22,000 RMB/ton, a new high during the year. Companies mainly supplied orders from old customers, and new orders were limited.

　　In terms of demand: the downstream glyphosate market maintainsed a high level of consolidation, and the mainstream price of glyphosate technical medicine was approaching the 50,000/ton mark. It is reported that foreign demand is good, and the orders for glyphosate technical manufacturers have been scheduled until October, and the demand continues to improve, supporting the increase in the price of glycine.

　　Market outlook

　　The glycine analyst of SunSirs believes that: the current glycine price is at a high level, and there are signs of weakness when it continues to rise. It is expected that the glycine market will be adjusted and run at a high level in the near future.