The Propylene Glycol Market Continues to Run Down Recently

As of July 12, 2022, the average ex-factory price of domestic industrial grade propylene glycol is 10,600 CNY/ton. Compared with the price on July 6, 2022 (the ex-factory reference price of propylene glycol is 11,200 CNY/ton), the price is reduced by 600 CNY/ton. Compared with the price on July 1, 2022 (the ex-factory reference price of propylene glycol is 11,866 CNY/ton), the price is reduced by 1,266 CNY/ton, a decrease of 10.67%.

Recently, the domestic propylene glycol market continued to run downward. In the case of limited on-site transactions of propylene glycol, general demand, and continuous shortage of effective support on propylene glycol on-site, on the 11th, the quotations of domestic propylene glycol factories continued to adjust downwards in a wide range, and the adjustment range was around 300-700 CNY/ton. At present, as of July 11, the domestic ex-factory price of propylene glycol is around 10,000-10,800 CNY/ton, and it has fallen by more than 10% since July. At present, the trading atmosphere of the propylene glycol market is still weak, the new orders are generally traded, and the wait-and-see mood is heavier.

On the upstream side of propylene oxide, the propylene oxide market fell. Recently, the raw material propylene market has been operating at a low level. The cost side is generally supported. The supply side is mainly stable. The factory shipped well at the beginning of the week and the market is not under pressure. The mainstream quotation of propylene oxide in Shandong area is around 9300-9400 CNY/ton. The downstream purchasing attitude is cautious, and the market trading atmosphere is light.

Market analysis

At present, the trading atmosphere of the propylene glycol market is weak, the transactions are mainly negotiated, the factory shipments are active, and the demand side is generally supported. The propylene glycol data engineer of the business agency believes that in the short term, the domestic propylene glycol market is mostly weak and consolidating. The specific trend It is also necessary to pay more attention to the basic changes in supply and demand and the follow-up of new orders.