Propylene Glycol Demand Support Welcomes A Good Start After The Festival

As of February 9, 2022, the average ex-factory price of domestic industrial-grade propylene glycol is 17,000 CNY/ton. Compared with the price on February 6, 2022 (the ex-factory reference price of propylene glycol is 15,633 CNY/ton), the average price has increased by 1,367 CNY/ton. , an increase of 8.74%.

During the Spring Festival holiday, the domestic propylene glycol market was stable and running, downstream demand was basically suspended, and the trading on the market was calm. After returning from the Spring Festival, domestic propylene glycol plants resumed operation one after another. The overall operating rate on the site was low, and the supply pressure was low. The downstream construction started to increase after the festival, and the demand side performed well. The atmosphere of post-holiday replenishment was good. The latter trend is also relatively strong. Under the dual support of raw materials and demand, on the 9th, the domestic propylene glycol market rose sharply for the first time after the holiday, with the largest single-day increase of 1600 CNY/ton. Near 17,700 CNY/ton, some factories did not report the closure, and the center of gravity of propylene glycol was strong and upward.

In terms of upstream propylene oxide, after the Spring Festival holiday, the overall domestic propylene oxide market has been on an upward trend. After the holiday, the downstream demand side has resumed work and production, and the downstream has maintained just need to replenish, and the trading atmosphere in the market is still acceptable. According to the data of the business society Monitoring shows that on February 9, the reference price of propylene oxide was 11,366.67 CNY/ton, an increase of 0.59% compared with February 1 (11,300 CNY/ton).

Market analysis

Market outlook forecast: At present, after the Spring Festival, the propylene glycol factory has a tight schedule and the market is getting better. The propylene glycol data engineer of the business agency believes that the propylene glycol market will run at a high level in the short term. Start of construction and follow-up of new factory orders.