The price of crude glycerin is rising, and the supply of low-priced goods is decreasing. In the 80% crude glycerin market, the number of transactions was higher, and the number of inquiries in China increased. South American sources are reported to have reduced supply, Brazil and Argentina offer more than 320-340 US dollars / ton CIF China. Sales in Southeast Asia are also decreasing. The intention to sell foreign goods to China is reduced. The crude glycerin offer is mostly at 350-370 US dollars/ton CIF China. High-end offers have been heard at $400/ton CIF China, but the market generally believes that this price is high. The recent supply of crude glycerin has decreased, leading to higher prices, but market participants are more concerned about the supply of crude glycerin in the later period. Some market participants believe that the supply of crude glycerin is likely to increase as crude oil prices go up, and special refinery procurement is still cautious.
The refined glycerin factory is reluctant to sell at a low price, and the market turnover is rising. Due to the upward price of crude glycerin, the supply of refined glycerin factories has decreased. The refined glycerin factory had a small amount of crude glycerin in the early stage, but the price of CIF less than US$300/ton is attractive to China, but the supply of US$300/ton CIF China is less. A small amount of crude glycerin in the raw material of the refinery was weakly affected by the demand in the early stage, and the operating rate of the refinery was low and the stocking volume was low. Now the price of crude glycerin is on the rise, and the market transaction talks follow the upside. In East China, the supply of 95% glycerol loose water is less than 5,300 yuan / ton, and the turnover is around 5,400-5,600 yuan / ton.
Most of the downstream downstream supply is small, and the enthusiasm for follow-up is improved. In 2018, the refined glycerin is declining from the high level throughout the year, and the downstream is mostly procured according to the mode of use. The inventory has been in a low state and has avoided the procurement risk. The price of crude glycerin is rising, pushing the price of refined glycerin to rise, which also promotes the enthusiasm of the downstream. Most of the downstream purchases began, and the market traded in volume, but most of the downstream purchases were bought and sold, and the goods were sold in the late price. The substantial demand was not significantly increased. The glycerin-based epichlorohydrin plant is also in the process of replenishing positions. On the one hand, it is worried that prices will continue to rise. On the other hand, it is also profitable to produce epichlorohydrin based on this price.
Based on the low raw material inventory of raw materials in the market and the upward price of raw materials, the price of refined glycerin in the short-term will continue to rise. Later, whether the supply of crude glycerin abroad can support the current crude glycerin price.
