This week, the domestic glycerol market prices remained weak and stable. According to the data monitoring system of Business Society, as of May 24th, the benchmark price of glycerol in Business Society was 4275.00 yuan/ton, a decrease of -1.16% compared to the beginning of this month (4325.00 yuan/ton).
Influencing factors: In terms of palm oil, due to the fact that Malay palm oil is in the production cycle and the external market is not good, the overall palm oil market has slightly fluctuated and risen. According to data from Business Society, as of May 24th, the benchmark price of palm oil in Business Society was 7894.00 yuan/ton, a decrease of -0.83% compared to the beginning of this month (7960.00 yuan/ton).
On the external side, the price of glycerol is stable, with a small quantity and not many offers. The domestic downstream market demand for epichlorohydrin is weak, and the purchasing atmosphere is not strong. At present, the market trading volume is insufficient and orders are limited, with a focus on wait-and-see.
Post forecast: According to the glycerol data analyst from Business Society, the market price of raw palm oil has risen, downstream demand is cold, and procurement is not active. In the near future, domestic glycerol has been operating weakly and steadily. For more information, please pay attention to the dynamics of external quotation and market guidance.
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