According to the monitoring data of business society, as of October 9, the average ex factory price of domestic industrial grade propylene glycol was 22600 yuan / ton. Compared with October 1 (the reference price of propylene glycol was 21100 yuan / ton), the average price was increased by 1500 yuan / ton, an increase of 7.11%; Compared with September 1 (propylene glycol reference price 17066 yuan / ton), the average price increased by 5533 yuan / ton, an increase of 32.42%.

In September, the domestic propylene glycol market rose sharply. In October, during the National Day holiday, the propylene glycol market performed at a high level and operated stably. On the first day after the holiday, the domestic propylene glycol market opened and rose sharply on the 8th, resulting in tight on-site supply and basically no pressure on inventory. At present, the price of propylene glycol has reached a new high in recent years. Downstream users are more cautious in taking goods and have a strong wait-and-see mood for high prices. However, due to varying degrees of shutdown plans for propylene glycol units in Shandong and Anhui from early October to mid November, the market supply will continue to be tight in the short term. Therefore, although there is no large-scale demand after the festival, the factory has a strong willingness to support prices, Market prices rose broadly. On the 9th, the ex factory price of propylene glycol in Shandong rose to around 22300-23000 yuan / ton, up 1000-1500 yuan / ton compared with the price before the festival. At present, the average price of propylene glycol in China is 22600 yuan / ton, an increase of 7.11% after the national day.

In terms of upstream propylene oxide, during the National Day holiday, the domestic propylene oxide market fell broadly. On the first day after the festival, the propylene oxide market continued to fall. On the 9th, the market price stopped falling and rebounded slightly. At present, the downstream terminals have followed better, and the atmosphere in the venue has warmed up. As of October 9, The average price of propylene oxide production in Shandong is 16666 yuan / ton. Compared with October 1 (17333 yuan / ton), the average price is reduced by 667 yuan / ton, a decrease of 3.85%.

Future trend analysis

Affected by the shutdown and overhaul of propylene glycol unit in October, the supply in propylene glycol plant will continue to be at a low level. Under the condition of small sales pressure, propylene glycol analysts of business society believe that the supply side can still support the domestic propylene glycol market in the short term.