According to the monitoring data of the business agency, as of August 10, 2022, the average ex factory price of domestic industrial grade propylene glycol is referenced at 7700 yuan / ton. Compared with the price on August 5, 2022 (the reference ex factory price of propylene glycol is 7433 yuan / ton), the price is increased by 267 yuan / ton, or 3.59%.

It can be seen from the data monitoring chart of business agency that the domestic propylene glycol market has rebounded recently (8.5-8.9). On August 5, the price of propylene glycol in the market was mixed, and the overall situation is still falling. Boosted by the increase of export orders, the prices of individual suppliers in the propylene glycol market were increased, but some suppliers still made profit from the actual orders. Up to August 9, supported by the continuous low level of propylene glycol inventory in the field and the reduction of the supply pressure of the operators, the propylene glycol market has rebounded. The propylene glycol factory in Shandong increased the ex factory price of propylene glycol by 200-400 yuan / ton, and the ex factory price of propylene glycol was around 7600-7800 yuan / ton, with a daily increase of more than 3%. At present, the trading atmosphere on the floor is fair, and the attitude of the traders is improving.

On the upstream propylene oxide side, at the beginning of August (8.1-8.10), the overall market situation of propylene oxide in Shandong was declining. According to the data monitoring of business agency, the reference price of propylene oxide was 8933.33 yuan / ton on August 10, a decrease of 0.37% compared with that on August 1 (8966.67 yuan / ton).

Future trend analysis

At present, the low inventory level supports the mentality of propylene glycol operators, and the atmosphere in the market has improved. The propylene glycol data analyst of the business society believes that in the short term, the domestic propylene glycol market is mostly stable and strong, and the specific trend needs to pay more attention to the basic changes in supply and demand and the progress of new orders.