In April, the domestic glycerol market prices slightly decreased. According to the data monitoring system of Business Society, as of April 29th, the benchmark price of glycerol in Business Society was 4325.00 yuan/ton, a decrease of -2.54% compared to the beginning of this month (4437.50 yuan/ton).

In early April, there was a significant increase in palm oil market prices, but towards the end of the month, there was a slight decline. The main Malaysian palm oil inventory is low, prices are strong, and the quoted prices have also been rising. So the cost of imported glycerol in China has increased, driving up futures prices. With the arrival of the Malaysian palm oil production season, the supply has gradually increased, and the raw palm oil market has declined. In addition, the limited number of foreign markets, weak domestic demand, and weak downstream procurement atmosphere have led to a slight decline in glycerol market prices under dual pressure. At present, the market trading volume is insufficient and orders are limited, with a focus on wait-and-see.

According to the monitoring of Business Society, on April 29th, the benchmark price of palm oil in Business Society was 8042.00 yuan/ton, a decrease of -2.40% compared to the beginning of this month (8240.00 yuan/ton).

In terms of import and export: According to data released by the General Administration of Customs of China, the total import volume of glycerol in March 2024 was 72655.815 tons, an increase of 35.76% compared to the previous month; The total export volume of glycerol (glycerol) was 381.421 tons, an increase of 62.46% compared to the previous period.

Post forecast: According to the glycerol data analyst from Business Society, the raw palm oil market is showing a downward trend, with an increasing trend in inventory. Downstream demand is cold, and procurement is not active. As the May Day holiday approaches, it may continue to operate weakly. For more information, please pay attention to the dynamics of external quotation and market guidance.