The quotation for large packaging of Yipin monosodium glutamate has increased by 200 yuan/ton!

The quotation for large packaging of Yipin monosodium glutamate has increased by 200 yuan/ton!

Due to the rise in prices of raw materials and the tight supply, the price of Yipin monosodium glutamate in large packaging will be raised by 200 yuan/ton starting today. There is a shortage of crystal types, mainly supplying designated customers.

On the supply side: upstream enterprises have maintained stable supply compared to the previous period, with inventory remaining low. Some crystal types are in short supply.

On the demand side:

Domestic: Market consumption has increased compared to the previous period, and the demand for monosodium glutamate from customers continues to stabilize and trend upward. Previous orders have been received one after another, relieving downstream inventory pressure.

Overseas: influenced by the continuous price increase, customers have increased their inquiries for quotations, and demand is showing a stabilizing and upward trend.

In terms of macro dining consumption, the domestic consumer market maintains a growth trend, and services like tourism have rebounded. They play a significant role in expanding consumption. With the approach of the Mid-Autumn Festival and the National Day holiday, the catering demand will still see a wave of consumption peaks.

Supply and demand performance:

Supply side: the rising prices of raw materials support the cost of monosodium glutamate. Upstream enterprise inventory remains low, and contract prices have risen.

Demand side: downstream consumption is steadily increasing. Influenced by the continued price increase, customers sign contracts according to a certain pace. With the arrival of the peak consumption season, market demand shows a steady growth trend.

According to data monitoring from Zhuochuang Information, the weekly average price of corn has increased compared to the previous period.

Upstream raw materials:

Corn: The current old grain has reached its lowest point, and the supply is tight, leading to firm prices. The cost of delivery in sales areas is unlikely to weaken.

Coal: The market has a relatively tight supply of high-calorific value, low-sulfur coal. Market prices have temporarily stabilized, and the prices of pulverized coal continue to be strong. Market purchasing sentiment is following suit.

Soda ash: Some facilities are still undergoing maintenance this week, and the overall operating load of the industry remains at around 80%. Manufacturers are still waiting for orders, and the supply is relatively tight. Some manufacturers continue to control order acceptance. The previous increase in soda ash prices has significantly increased downstream costs.

Industry sentiment:

Domestic market: Supported by the rise in bulk raw material prices, the bullish sentiment in the upstream and downstream markets has not yet eased.

Foreign market: Influenced by the domestic market, the price increase trend is consistent with that of the domestic market.

Future forecast: With low upstream inventory and a continued shortage of crystal types, the current prices of raw materials still provide strong support. It is expected that the price of monosodium glutamate will continue to rise.