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Can glycerin take advantage of the rising trend?
发表于:2020-08-05 20:07 分享至:
The price trend of domestic glycerine market

after a sharp drop in May and June, the domestic glycerin market began to be cleaned up for one month. At the beginning of July, there was a two-day international oil and chemical industry conference in Xiamen. Before the meeting, all the manufacturers were watching the meeting. During the meeting, there were rumors of price increase. After the meeting, the atmosphere of pulling up was displayed in the venue, but the adjustment of the focus of the actual market negotiation was limited. In August, the price of crude glycerin rose slightly, and the intention of price adjustment was still strong. Up to now, the transaction reference of 95% glycerin clear water in East China is 3700-3900 yuan / ton, and that in South China is 3800-4000 yuan / ton.

The price trend of 80% crude glycerin price in 2020

in the material aspect, the price of crude glycerin showed a slight rise, and the price of Fucai fast third prize rose from usd235.85/t CIF China main port to 250 USD / T, mainly affected by the shortening of supply and response, but at the same time, its domestic demand is still weak and the increase is limited. The first is that the price of palm oil is rising strongly, which makes the production cost of biodiesel rise; the second is that the price of crude oil is still relatively low. The above two reasons weaken the competitiveness of biodiesel, and the international output response of biodiesel is less. The output and supply of crude glycerol, a byproduct of biodiesel, have been shortened. Moreover, the suppliers of crude glycerine in the national table show signs of being reluctant to sell, which makes the focus of crude glycerin Market negotiation move up slightly. The price of crude glycerin rose slightly, and the approval from the cost side was slightly stronger, and the price adjustment intention in the glycerol market was strengthened accordingly.

In the aspect of

demand, the start-up of cyclic chlorine and polyether in the lower reaches of last month was still relatively low, with 50.95% and 53.6% respectively, and the trend was differentiated. The market needs to follow up slowly, and the price of glycerol was limited. In the middle of last month, the domestic market of propylene oxide was not affected by the fluctuation of the domestic market. However, the end market people chasing high bid solemnly, hope empty sentiment does not decrease, traders maintain just need. However, with the expansion of production capacity and the improvement of epidemic situation, the glycerin market needs to be supplemented gradually.

To sum up, in fact, only a large-scale upward movement is the most favorable cornerstone for the establishment of an upward channel. If the trading volume can be effectively followed up, the rising trend can be continuously tamped, and the price rebound of glycerol can be guaranteed. Looking forward to the first ten days of August, the quality materials are slightly in favor. The actual downstream needs or follow up slowly. Under the deadlock between supply and demand, the price of glycerin may be able to sit on the rising trend, but the upward range may be relatively small, and \