The product packaging monosodium glutamate price rose 200 yuan/ton!
Affected by the raw materials rise in price and market demand, the price of the goods big packaging monosodium glutamate raised 200 yuan/ton. The main crystal is in short supply, and the main supply is directed to customers.
Supply: industry capacity utilization is low, from a week; The inventory of upstream enterprises continues to be low, and the shortage of individual crystal forms has not been effectively alleviated.
On the demand side:
Domestic: downstream market consumption increased month on month, affected by the price continued to rise, positive signing.
Overseas: the single frequency of inquiries has increased, the price trend is linked with the domestic market, and the demand is stable and increasing.
In terms of macro catering consumption, catering consumption grew rapidly. Recently, a number of listed food and condiments companies have disclosed the half-year report card. From the overall performance, while the revenue growth, the profitability also significantly improved, reflecting the growth of catering consumption demand in the first half of the year, the market continues to expand the exuberant vitality.
Supply and demand of performance:
Supply side: upstream enterprises continue to have low inventory, control the rhythm of signing orders, and deliver product orders in an orderly manner.
Demand side: downstream consumption is increasing steadily; Affected by the price continues to rise, customers sign orders actively optimistic about the future market performance; Along with the season of consumption, market demand trend of steady growth.
Upstream raw materials:
Corn: corn prices overall maintain the upward trend this week. Mainstream northeast corn prices rose 10-20 yuan/ton, surplus grain for trade link bottom, supplies, the trader's price is rised, prices. The supply of old grain in North China decreased, and deep processing enterprises rose first and then fell, some high-quality old corn rose 10-20 yuan/ton, and spring corn prices in Henan were stable. South by south China port inventories low, coastal and port along the river rose 20-40 yuan/ton, but the actual volume increase is not obvious. Corn prices are expected to be stable next week, some still have a small rise.
Steam coal, thermal coal, domestic market as a whole is relatively strong. In terms of producing area, the production and sales of some coal mines were suspended at the end of the month after the completion of monthly tasks, and the market supply was slightly tightened. The inventory of coal mines was low, and most downstream users continued to purchase on demand. The producing area market was strong.
Soda: domestic soda market high operation, market trading atmosphere is moderate. The start-up load of soda plants in southern alkali industry decreased, enterprises in Inner Mongolia stopped for maintenance, and the overall start-up of soda industry remained at a low level. Soda factory inventory remains at a low level, and some manufacturers control orders.
Industry Mindset:
Domestic market: upstream inventory continues to be low, enterprises control the pace of signing orders, raw materials prices rise to support the cost of monosodium glutamate. Downstream industrial customers preparing quarterly order, trade customers just need replenishment, upstream and downstream bullish mentality.
Foreign market: affected by the linkage of the domestic market, the price rise trend tends to be consistent with the domestic market.
Future forecast: upstream inventory is low, individual crystal continued shortage. Raw materials prices to monosodium glutamate prices to form support, into September, the domestic gradually ushered in the traditional consumption season, supply and demand performance tight balance, monosodium glutamate prices are expected to continue to rise.