According to the monitoring data of the business agency, as of July 22, 2022, the average ex factory price of domestic industrial propylene glycol was 8933 yuan / ton, which was 2933 yuan / ton lower than the price on July 1, 2022 (the ex factory reference price of propylene glycol was 11866 yuan / ton), a decrease of 24.72%.

It can be seen from the data monitoring chart of the business agency that since July (7.1-7.22), the domestic propylene glycol market price has been running downward, and the market situation can be described as “falling repeatedly”. Since the beginning of July, the downstream demand of propylene glycol has been weak, new orders in the market are limited, and the supply and demand transmission is slow. The propylene glycol factory makes profits to ship, and constantly adjusts the ex factory price of propylene glycol downward. As of July 15, the low-end price of propylene glycol in the market has fallen below 10000 yuan, with a reference of around 9600 yuan / ton. However, the market price fell continuously, the downstream demand boost performance was still average, and the wait-and-see mood was heavy. In the late July stage, the market focus of propylene glycol continued to fall deeply. As of July 22, the domestic propylene glycol ex factory price was around 8500-9300 yuan / ton, with a decline of more than 24% in the month. At present, the atmosphere in the venue is poor, and the wait-and-see mood still exists.

The upstream propylene oxide market fell this week (7.18-7.21). Recently, the raw material propylene market has been reorganized and operated, and the cost support is limited. At the beginning of the week, the supply side devices are stable, the downstream procurement enthusiasm is not high, and the market wait-and-see is weak. With the price falling, the factory shipment has improved slightly, but it is still general, some devices have decreased, the downstream procurement mentality is still cautious, and the market game is weak. On the 21st, the mainstream quotation of propylene oxide Market in Shandong fell to about 8400-8500 yuan / ton. According to the monitoring data of business agency, as of July 21, the average price of propylene oxide enterprises was 9733.33 yuan / ton, down 4.26% from Monday’s price.

Future trend analysis

At present, the overall trading atmosphere in the propylene glycol market is still weak, and the support given by the demand side is general. The propylene glycol datagrapher of business society believes that in the short term, the domestic propylene glycol market is mainly adjusted and operated in a narrow range, and the specific trend also needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.