According to the monitoring data of the business agency, as of December 22, the ex factory price of domestic industrial grade propylene glycol was 11166 yuan / ton. Compared with December 20 (reference price of 10633 yuan / ton), the average price was increased by 533 yuan / ton, an increase of 5.02%; compared with December 1 (reference price of 12633 yuan / ton), the average price decreased by 1467 yuan / ton, or 11.61%.

Raw material trend callback drives propylene glycol market to rise finally

Since the beginning of this month, the domestic industrial propylene glycol market has been fluctuating and falling due to the dual impact of the upstream raw material propylene oxide Market and the insufficient downstream demand. Since last week, the quotation of some factories has been increased occasionally, but due to the influence of insufficient demand, the inventory has gradually accumulated and has to yield profits for shipment. Until this week, the price of propylene oxide as raw material has been adjusted back, which has led to a sharp rise in the market price of propylene glycol. At present, on the supply side, it is reported that dep propylene glycol may have a parking and maintenance plan recently, and it is expected that the short-term market inventory may be reduced, but the inventory in the factory is still relatively abundant; in terms of demand, the downstream purchase of propylene glycol is not strong, In terms of raw material cost, according to the trend of raw material propylene oxide in recent two days, the cost support of propylene glycol is obviously increased compared with the previous period, and the support is more powerful.

According to the monitoring data of the business agency, as of December 22, the ex factory price of domestic industrial grade propylene glycol was 11166 yuan / ton. Compared with December 20 (reference price of 10633 yuan / ton), the average price was increased by 533 yuan / ton, an increase of 5.02%; compared with December 1 (reference price of 12633 yuan / ton), the average price decreased by 1467 yuan / ton, or 11.61%.

Upstream, since the end of last week, the domestic propylene oxide market has begun to rise steadily, enterprises overhaul, factory inventory is not much, supply is tight. In this week, propylene oxide supply did not improve significantly, downstream demand was better, orders increased, and propylene oxide market continued to rise. At present, as of December 22, the overall trend of domestic propylene oxide market continued to be strong, with the reference price of propylene oxide of 17800.00 yuan / ton, up 3.6% compared with December 1 (17166.67 yuan / ton).

Cost support and demand can not be combined with propylene glycol short-term finishing operation

At present, the trend of raw material propylene glycol is better, which gives strong support to propylene glycol cost, but the demand for propylene glycol is still not negligible. Therefore, the data analyst of business community propylene glycol believes that in the short term, the domestic propylene glycol market will be narrow, and the adjustment range is limited.