Recent Market Dynamics of Glycerin (CAS#56-81-5) and Veg Glycerin
Market Overview:
The market for glycerin (CAS#56-81-5) and vegetable glycerin has recently experienced significant price fluctuations. This report offers a snapshot of the current market trends and price shifts for these essential chemicals, which are widely used across sectors such as pharmaceuticals, cosmetics, food, and renewable energy.
Price Volatility:
Recent manufacturer quotes show considerable price variability, with prices quoted at 3,500 CNY/ton on December 3rd, followed by a higher price of 4,600 CNY/ton on December 1st.
As of October 15, 2024, the domestic market price for 95% glycerin has risen to 5,500 CNY/ton, reflecting a 42.86% increase from the beginning of the year.
Currently, prices for 95% and 99.5% glycerin are stable at 5,550 CNY/ton and 5,850 CNY/ton, respectively, with no changes from the previous day.
Market Analysis:
The 2024 glycerin market trend is generally upward, although with occasional fluctuations and uncertainties. Prices are influenced by several factors, including supply and demand imbalances, fluctuations in raw material prices, and global market conditions.
Factors Affecting Prices:
The strength in international markets and a rise in market transactions have contributed to
