Propylene glycol prices are high, and will continue to rise

In September, PROPYLENE glycol and main downstream unsaturated resin and polyether split operation: Propylene Glycol supply slightly reduced trading rhythm remains stable, export rush delivery early orders, continue to go up about 1500 CNY/ton without pressure, and unsaturated resin has entered the off-season, the terminal demand is light, the purchase of propylene glycol enthusiasm is not high. Polyether competitive landscape is increasing, propylene glycol demand response is equally flat. At present about Tongling Jintai and Shandong Wells parking time is the key point of market changes.

Raw propylene oxide propane support Propylene Glycol prices increased

The price of propylene glycol did not change significantly in the second and third quarters: the price of propylene glycol ran in the range of 12,900-19,500 CNY/ton, with a relatively large price range, but the low price maintained for a short time.  Only a few days in May, the price rose again and remained stable at 17500 CNY/ton. As downstream demand was light, the price fell, and the favorable stimulation of export and the opening and closing of supply caused frequent price fluctuations.

After entering the third quarter, the obvious characteristic of the market is: propylene glycol for the whole market control drive to further strengthen, the supply side continued to support the market;  Export and shipping schedule continue to "icing on the cake".

Epoxy-propane also fluctuates frequently and with a large range: it runs in the range of 4000-18000 YUAN/ton. In July, there are many supplies and unexpected holding market of 14000 CNY/ton jump, quickly rising to 17800-17900 CNY/ton, and then it quickly falls to around 16000 CNY/ton to complete a wave of adjustment.  After August, dagu aging plant stopped production, needed maintenance plan and phased export succeeded in supporting the bottom of the market, which fell to 15500 CNY/ton in August and then successfully rebounded.  

Propylene glycol once again strong rebound also attracted the attention of the industry: briefly fell to 16000 CNY/ton near, but the multiple device fluctuations and export orders driven, manufacturers then control the plate rose, this week fully returned to 18000 CNY/ton above, cyclopropyl ester exchange method propylene glycol/dimethyl carbonate co-production gross profit remains more than 6000 CNY/ton.  Recently, there are Shida Dongying, Shun Xin parking and Yunhua Lvneng short stop, Tongling and Depu unstable, high price operation, profit rose to near ten thousand yuan again.