According to the monitoring data of the business community, as of June 9, the factory price of domestic industrial grade propylene glycol reference 15333 yuan / ton, compared with the price on June 8, the average price increased by 300 yuan / ton, or 2%, compared with the price on June 1, the average price decreased by 670 yuan / ton, or 4.17%.

In May, the domestic industrial grade propylene glycol market was depressed by both raw materials and demand, and the market price went down all the way, with a monthly decline of 11.06%.

Supply decreases and demand increases, propylene glycol market rebounds

In June, a few days ago, due to the continuous weak market of propylene oxide, the cost support for propylene glycol was insufficient. Facing the continuous decline of raw materials in the downstream, the wait-and-see sentiment increased, and the demand was cautious. On July and August, the market of propylene glycol fluctuated and adjusted. Individual manufacturers in Shandong continued to lower the order price, and the low-end transaction price was around 14400-14600 yuan / ton. On June 9, the wind direction of propylene glycol market suddenly turned and the market rebounded. The main reasons for the rebound were the shutdown of propylene glycol plants in Anhui Province, the decrease of propylene glycol spot supply, and the news that Zhejiang plants also had a parking plan in the latter ten days. As a result, the enthusiasm for downstream goods preparation increased and the demand increased, the market price of propylene glycol increased by 300-500 yuan per ton, The factory price of propylene glycol in Shandong is about 15000-15600 yuan / ton (loose water).

Upstream epoxy propane, epoxy propane market fell in May, into June market continued to decline. In recent years, the overall operating rate of propylene oxide is high, the supply side is abundant, but the demand side is insufficient to follow up. In the process of price decline, the downstream risk aversion is heavy, the market is more wait-and-see, the trading rhythm slows down, and the focus of market negotiation is gradually lower. At present, the mainstream price of propylene oxide Market in Shandong is around 13500-13700 yuan / ton, and the mainstream price of propylene oxide Market in East China is around 13700-13900 yuan / ton.

Lack of sustained support for demand, it is expected that propylene glycol will mainly maintain stability in the short term

At present, the overall operating rate of the propylene glycol plant is low, the short-term supply pressure on the site is small, the spot supply is tight, and orders are arranged frequently and orders are received on time. On the downstream side, after the short-term replenishment, it is difficult for the downstream to have a large-scale hoarding phenomenon in the next holiday period, and it is expected that most of them will continue to purchase just in need. Therefore, the propylene glycol analysts of the business community believe that the supply of propylene glycol will continue, Propylene glycol market continued to rise slightly weak momentum, stable consolidation operation in the short term.