US Glycine prices continued to strengthen during the first half of June as higher export quotations from Asian suppliers increased import costs for US buyers. Rising ammonia feedstock costs in exporting countries lifted production expenses, prompting suppliers to maintain firmer offers. Stable demand from pharmaceutical, agrochemical, feed, and industrial sectors supported market activity, while buyers continued procurement to meet ongoing production requirements. The market’s upward momentum followed a strong performance in May, when higher feedstock costs, elevated freight expenses, and tighter logistics pushed landed costs higher. Agrochemical manufacturers increased purchases ahead of seasonal production, pharmaceutical companies maintained steady procurement, and distributors replenished inventories after earlier stock drawdowns. Although production remained stable with no major outages, higher manufacturing and transportation costs continued to support the market. Looking ahead, analysts expect Glycine prices to remain on a gradual upward trajectory through the second half of June. Continued downstream demand, firm feedstock costs, and stable logistics are expected to sustain positive market sentiment in the near term.
