Propylene Glycol Prices Rise as Export Sentiment Improves

As of May 18, 2022, the average ex-factory price of domestic industrial-grade propylene glycol is 12,200 CNY/ton. Compared with the price on May 14, 2022 (the ex-factory reference price of propylene glycol is 11,433 CNY/ton), the average price has increased by 767 CNY/ton. , an increase of 6.71%.

In the middle of May, the domestic propylene glycol market has begun to recover slowly. Entering this week, the propylene glycol market continued to move steadily upward. Recently, the export of propylene glycol has performed well. With the increase in export orders, the pressure on the inventory of propylene glycol factories has eased, and the mentality of the industry has increased. This week At the beginning, the quotations of propylene glycol factories gradually began to rise steadily. The cumulative increase in the week was around 400-800 CNY/ton. As of May 18, the domestic ex-factory price of propylene glycol was around 12,000-12,500 CNY/ton, an increase of 6.7% within the week. At present, the trading atmosphere of propylene glycol in the market is acceptable, the confidence of the industry is relatively good, and the market is mainly based, and the domestic demand is more and the purchase is mainly necessary.

On the upstream side of propylene oxide, the domestic propylene oxide market in Shandong is mainly stable. According to the data monitoring of the business community, on May 17, the reference price of propylene oxide was 11,733.33 CNY/ton, which was the same as that on May 1 (11,400 yuan). CNY/ton), up 2.92%.

Market analysis

At present, the export sentiment of propylene glycol has improved to support market confidence. After destocking, the supply pressure of propylene glycol has eased, and the mentality of the industry is strong. The propylene glycol data analyst believes that in the short term, the domestic propylene glycol market is mostly stable and strong, and the specific trend still needs to be Pay more attention to the basic changes in supply and demand and the follow-up of new orders.