1、 Price trend
| Sodium selenite |
According to the data of business news agency’s block list, the domestic glycine price rose this week, with the price of 20000 yuan / ton at the beginning of the week and 21000 yuan / ton at the end of the week, up 5%.
2、 Analysis and comment
According to the price chart of the business club, glycine prices continued to rise this week, and the trading atmosphere was good. Manufacturers mainly completed orders from regular customers, and there was basically no inventory. Individual manufacturers stopped for maintenance, and there was no plan to drive for the time being. The overall trading atmosphere of glycine in China was good. Supported by the demand, the price of glycine went up and exceeded 20000 yuan / ton. The downstream glyphosate market is strong. It is reported that the domestic price of technical drug is about 47000 yuan / ton, which is stable this week. Most of domestic industrial glycine is used in glyphosate production. Glycine market is closely related to glyphosate. Supported by glyphosate production demand, glycine market is driven higher.
3、 Future forecast
Glycine analysts of business society chemical branch think: Overall, glycine supply and demand are stable, there is not much stock in the market, and the downstream demand supports it. It is expected that glycine will continue to explore slightly in the near future.
| Stannous Sulphate |