Monosodium glutamate prices rise all the way in recent days

August 12, 2021

In the past few days, the price of MSG has soared, causing several companies in the A-share market to continue to soar.

With the rising of raw materials, limited production and insured prices, and outdated production capacity manufacturers have been eliminated, the prices of Monosodium Glutamate manufacturers in China have been increasing frequently, and the average price of domestic MSG has been rising. Data show that at the beginning of July, the national average price of MSG was 7,350 yuan/ton, and it rose to 8,400 yuan/ton by the end of the month, an increase of 1,050 yuan/ton, and the average price rose by 20.8% from the previous month.

Affected by this, the stocks of several seasoning companies in the A-share market are continuously sought after by the market. Plum Group rose sharply after the opening bell yesterday, approaching the end of daily trading and closing at 5.05 yuan. Another gourmet MSG company, Lotus Miso, also fluctuated at high levels throughout the day, soaring 5.28% in the late afternoon.

Most market analysis believes that Meihua Group’s recent consecutive rise has risen more than 20% in the last 5 trading days, while Lianhua MSG has also risen 17% in the last 5 trading days, and another company has passed 100% stake in its subsidiaries. The torch company's stock price in the company's condiment business has also recently pulled 7 Yang Xian. Therefore, investors should avoid the risk of callbacks in the short term.

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