1、 Price trend

According to the bulk list data of business cooperatives, glycine in China rebounded at the bottom this week. The price of industrial glycine at the beginning of the week was 12666 yuan/ton, and that at the weekend was 13333 yuan/ton, with a weekly increase of 5.26%.

2、 Analysis and review

According to the monitoring of the business community, the price of glycine rose sharply this week. As of the press release, the mainstream quotation of industrial glycine market was 13500-14000 yuan/ton, the price rebounded at the bottom, and the market inquiry was active. The market atmosphere began to improve. It is reported that this price increase is mainly affected by two aspects: first, the overall market is not high, inventory is low, supply continues to tighten, price is low, and corporate profitability is poor; Second, downstream demand has improved, and glycine has risen along the trend stimulated by the demand for goods preparation before the festival.

3、 Future market forecast

Glycine analysts from the business community believe that due to the low price in the early stage, the production and sales of glycine market are weak. In the case of low supply, it is expected that the glycine price in the market will be firm and upward in the short term.