Glycerine market in China
June 11th, 2024
Outside of Asia, there is a sentiment that China has been unusual inactive in the glycerine market. Oleoline’s report can help you understand what is really going on and prepare for the next phase of the market. The price of crude glycerine in China is currently stable to slightly bearish, down by about USD 5 per metric ton compared to two weeks ago. This is despite the recent heavy rains and floods in southern Brazil that have significantly disrupted supply chains and exacerbated port congestion at the origin. Additionally, Epichlorhydrin - ECH - prices have softened to around RMB 7000 per metric ton delivered. This price drop has led to reduced operating rates within the ECH sector, thus dampening the demand for additional glycerine. There has been a surge in imports of glycerine into China. Both crude and refined glycerine imports, increased by 15% in Q1 2024 compared to Q1 2023. HBI and Oleoline Group is here to support you with our dedicated brokerage team and with comprehensive market reports. 🤝📊 Let's navigate these market challenges together!
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