On April 18th, the domestic glycerol market prices remained stable. According to the data monitoring system of Business Society, as of April 18th, the benchmark price of glycerol in Business Society was 4500.00 yuan/ton, an increase of 1.41% compared to the beginning of this month (4437.50 yuan/ton).
On the raw material side, multiple bearish factors suppressed the oscillation and decline of the palm oil market. The production of Malay palm oil in the external market is in a recovery period, and the futures price has fallen. The demand for many domestic catering products is sluggish, and the market for substitute soybean oil continues to decline. The bearish sentiment is suppressed, and the palm oil market is constantly falling, falling to 8000 yuan/ton. According to the monitoring of Business Society, on April 18th, the benchmark price of palm oil in Business Society was 8038.00 yuan/ton, a decrease of -2.45% compared to the beginning of this month (8240.00 yuan/ton).
The downstream market for epichlorohydrin is weak, with weak demand.
Post forecast: According to the glycerol data analyst from Business Society, the raw material soybean oil and palm oil market is oscillating and falling, and enterprises are mostly wait-and-see. In addition, the downstream chlorine market is weak and demand is sluggish. In the near future, domestic glycerol prices may remain stable, and more information needs to be paid attention to market guidance.
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