According to the data of the trade agency’s bulk list, on the 16th, the domestic glycine price continued to fall, and the average market price of industrial grade glycine fell to 13333 yuan / ton, down 3.61% from the 15th. It is understood that the low-end price of glycine market is around 11500-12000 yuan / ton. Due to the restriction of domestic environmental protection policies, the industry started less than 50%. At the same time, the demand continued to be weak, and both the quantity and price of glycine fell. The mainstream price of glyphosate raw materials in the downstream is around 62000 tons / yuan. Similarly, due to environmental protection factors, the commencement of glyphosate is limited, the export market is relatively stable, the enterprise inventory is high, and the willingness to purchase glycine is not strong. Recently, the price of glycine has dropped significantly. Under the market atmosphere of buying up but not buying down, it is expected that the price of glycine will continue to fall in a narrow range in the near future.
| PVA |