According to the monitoring data of the business agency, as of March 11, the reference ex factory price of domestic industrial grade propylene glycol was 16166 yuan / ton. Compared with March 1 (reference price was 15433 yuan / ton), the average price increased by 743 yuan / ton, or 4.75%.
After the high adjustment of propylene glycol at the beginning of March, this week’s market “rises again”
After the Spring Festival in February, the domestic propylene glycol market rose sharply, up nearly 18% in half a month. In March, with the commencement of Chongqing Dongneng new energy propylene glycol and the operation of a large propylene glycol plant in Dongying, Shandong Province, the supply of propylene glycol increased and the price entered a high level adjustment. The price of propylene glycol in some areas fell by 200-500 yuan / ton. On the 5th, the reference transaction price of propylene glycol in Shandong Province was around 14800-15500 yuan / ton. Supported by the rising cost of raw material propylene oxide, propylene glycol market fell limited, and the overall market was stable.
On the 8th of this week, we heard that the shutdown of Po plant affected the operation of propylene glycol plant. The supply sources in the plant were reduced. The low-end price of propylene glycol market was increased by 200-400 yuan / ton. The market delivered more foreign trade orders. The inventory of Shandong and other propylene glycol plants basically remained low, and the sales pressure was small. On the 9th, the overall market of propylene glycol continued to rise in a narrow range At present, as of the 11th, the price of domestic industrial grade propylene glycol has risen to 15800-16500 yuan / ton, with an average price reference of 16166 yuan / ton. Compared with the price on the 5th, the price has been adjusted back to 833 yuan / ton. Compared with the price on the 1st, the overall price has increased by 733 yuan / ton, or 4.75%.
Raw materials, in March, the market of propylene oxide in Shandong continued to rise steadily, giving propylene glycol cost support still awesome. According to the business block chart data, the average price of propylene oxide enterprises quoted by March 11th was 19633 yuan / ton, compared with March 1st (18833 yuan / ton), the average price rose 800 yuan / ton, or 4.25%. At present, the feedback from the hearing and negotiation of propylene oxide, which has been refreshed to a high point, is still smooth and free of pressure. The start-up of the plant in the field is basically stable, and there is no obvious change for the time being.
More attention should be paid to the trend of raw materials and the change of supply and demand after the short-term high range fluctuation of propylene glycol
| POLYVINYL ALCOHOL |
Entering this week, propylene oxide, the raw material, has once again boosted the rise, giving more support to the cost of propylene glycol. The current market fundamentals of propylene glycol remain stable. Although the user’s just need inquiry continues and the cautious attitude remains unchanged, under the increasing cost pressure, it is expected that the price of propylene glycol will fluctuate in the high range in the short term, and the possibility of a sharp decline is small. The specific trend still needs to pay close attention to the raw material cyclopropane And changes in supply and demand.