Monosodium glutamate market in the first quarter of 2022, future trend in April
The price of monosodium glutamate at the beginning of 2022 is higher than that in previous years. As of March 22, the mainstream transaction price of 40 mesh monosodium glutamate in large packaging in China was 10000-10150 yuan / ton, grew 11.2% and 12.3% compared with that before the Spring Festival. Judging from the subjective mentality and actual supply of upstream at this stage, the average price of monosodium glutamate in March was 9813.7 Yuan / ton, up 9.5% year-on-year and 7.3%.
Output statistics of monosodium glutamate industry in the first quarter of 2020-2022
2020 2021 2022(estimated)
66.1 61.2 60.4
Price comparison of main raw materials of monosodium glutamate
Multiple factors helped the high-level operation of monosodium glutamate market in early April.
The tight balance between supply and demand from March to April will maintain the high operation of monosodium glutamate, and the monosodium glutamate market will also be supported by certain costs.
From March to April, the monthly output of monosodium glutamate industry is estimated to remain at 190000-195000 tons, the overall supply is lower than that in the same period of previous years, and the surplus inventory of monosodium glutamate industry continues to digest.
In terms of demand, the demand of downstream industrial users is weak. Some small sub packaging enterprises are limited by the high procurement cost and also reduce the commencement and procurement frequency. The demand is expected to decrease slightly from March to April, but there is still rigid demand support. On the whole, the supply and demand of the industry showed a tight balance from March to April.
In terms of chemical accessories, spring ploughing of phosphate fertilizer was promoted in March, and the cost side support was hard and stable. It is expected that the price trend of sulfuric acid will continue to rise from March to April.
It is comprehensively estimated that the price fluctuation of the above raw materials will increase the cost of monosodium glutamate by 215 yuan / ton.
Under such a premise, the intention of monosodium glutamate production enterprises to transfer costs to the downstream is relatively clear, or continue to receive orders in limited quantities to maintain prices. Considering the cost, supply and demand and enterprise mentality, the monosodium glutamate market is likely to operate at a high rate in mid and early April.