Price trend

This week, the domestic glycerol market prices remained weak and stable. According to the data monitoring system of SunSirs, as of May 24th, the benchmark price of glycerol in SunSirs was 4,275.00 RMB/ton, a decrease of 1.16% compared to the beginning of this month (4,325.00 RMB/ton).

Analysis review

Influencing factors: In terms of palm oil, due to the fact that Malay palm oil was in the production cycle and the external market was not good, the overall palm oil market had slightly fluctuated and risen. According to data from SunSirs, as of May 24th, the benchmark price of palm oil in SunSirs was 7,894.00 RMB/ton, a decrease of 0.83% compared to the beginning of this month (7,960.00 RMB/ton).

In terms of external trading, the price of glycerol was stable, the quantity was not large, and there were not many offers. The domestic downstream market demand for epichlorohydrin was weak, and the purchasing atmosphere was not strong. As of May 24th, the market trading volume was insufficient and orders were limited, with a focus on wait-and-see.

Market outlook

According to glycerol data analysts from SunSirs, the market price of raw palm oil had risen, downstream demand was cold, and procurement was not active. Recently, domestic glycerol had been operating weakly and steadily. For more information, please pay attention to the dynamics of external quotation and market guidance.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.