According to the monitoring system of Shengyishe, on March 14th, the benchmark price of glycerol in Shengyishe was 4387.50 yuan/ton, an increase of 4.46% compared to the beginning of this month (4200.00 yuan/ton). At present, the reference price for industrial grade 99.5% glycerol in the domestic market is around 4300-4590/ton.

Raw material side: According to the monitoring system of Business Society, palm oil rose in the morning on March 14th. The opening price of Y2405 contract for palm oil is 7942 yuan/ton, with the latest quotation of 7976 yuan/ton, an increase of 122 yuan/ton, a maximum of 7982 yuan/ton, and a minimum of 7918 yuan/ton. Compared to the beginning of this month, it has increased by 5.08%.

The downstream epichlorohydrin market saw a decline in prices this week. According to the monitoring system of Shengyishe, as of March 14th, the benchmark price of epichlorohydrin in Shengyishe was 8075.00 yuan/ton, a decrease of -0.92% compared to the beginning of this week (8150.00 yuan/ton). The market demand is light, and the purchasing sentiment is not positive.

Late stage forecast: According to the glycerol data analyst of Business Society, the domestic glycerol market demand is weak, and downstream rigid demand procurement is needed. It is expected that the market price of industrial grade 99.5% glycerol will operate steadily, with a reference price of about 4300-4590/ton. For more information, please pay attention to external news and market guidance.