According to the monitoring data of the business society, as of September 16, the average ex factory price of domestic industrial grade propylene glycol was 18300 yuan / ton. Compared with September 10 (propylene glycol reference price 18233 yuan / ton), the average price increased by 67 yuan / ton, or 0.37%. Compared with September 1 (propylene glycol reference price 17066 yuan / ton), the average price increased by 1234 yuan / ton, or 7.23%.
Last week, the supply of propylene glycol in the domestic market was tight, the downstream was afraid to rise, the atmosphere for taking goods was good, and the market price of propylene glycol rose sharply.
Entering this week, the domestic propylene glycol market fluctuated and sorted out. On the 13th of the week, the domestic propylene glycol market was explored in a narrow range, and the overall increase was small. In terms of supply, at the beginning of the week, although the propylene glycol shutdown plants were started one after another, the overall operating rate was still not high, the pressure at the supply end in the yard was still small, and the high-level operation of raw propylene oxide still supported the market. In terms of demand, the downstream demand for propylene glycol is cold, and the inquiry mood is not high. In the middle of the week, the market trend of propylene glycol was shaken and consolidated. Some propylene glycol factories in Shandong and Anhui slightly reduced the price of propylene glycol by about 100 yuan / ton. Near the weekend, on the 16th, the market price of propylene glycol continued to fluctuate and operate. The on-site supply was not high, and the downstream was still weak. At present, as of September 16th, the ex factory price of domestic propylene glycol was around 18000-18600 yuan / ton, and the average price was 18300 yuan / ton. Compared with the last weekend, the overall price rose slightly, up 0.37%.
In terms of upstream propylene oxide, the overall propylene oxide Market in Shandong rose steadily this week. According to the monitoring data of business agency, as of September 16, the average production price of propylene oxide in Shandong was 16660 yuan / ton. Compared with the 10th of last weekend, the average price increased by 134 yuan / ton, an increase of 0.81% during the week. Compared with the beginning of this month, the average price increased by 567 yuan / ton, an increase of 3.53%.
Future trend analysis
At present, the domestic propylene glycol market is stable and small, and the fundamentals of the market are still relatively stable in a narrow range. From the current performance of supply and demand, propylene glycol analysts of business society believe that in the short term, the domestic propylene glycol market will mainly focus on consolidation.