According to the monitoring data of the business community, as of May 21, the reference price of domestic industrial grade propylene glycol was 17200 yuan / ton, compared with the reference price of 18066 yuan / ton on May 14, the average price decreased by 866 yuan / ton, down 4.61% on the seventh day; Compared with May 1 (reference price 18100 yuan / ton), the average price decreased by 900 yuan / ton, or 4.79%.
High end price of domestic propylene glycol market dropped sharply by 4.61% in seven days
This week, the overall domestic propylene glycol market showed a downward trend. At the beginning of the week, the market transaction atmosphere was general, the price of raw material cyclopropane declined in terms of cost, and the support for propylene glycol weakened. On the 18th, the offer price of propylene glycol factory was slightly reduced by about 200 yuan / ton, and then the overall market performance was poor, the demand of downstream industry was poor, the domestic atmosphere was general, and the impact of shipping schedule and downward trend on export was also weakened. On the 20th, some high-end offer factories and some dealers of propylene glycol in Shandong lowered the ex factory price of propylene glycol by 600-1000 yuan / ton. Towards the weekend, the propylene glycol market maintained a narrow and stable operation. So far, the reference price of propylene glycol in Shandong is around 16700-17500 yuan / ton, and that in Jiangsu is around 17000-17400 yuan / ton. The average ex factory price of domestic industrial grade propylene glycol is 17200 yuan / ton, which is 866 yuan / ton lower than that on May 14 (18066 yuan / ton), a decrease of 4.61% on the seventh day.
Upstream, this week, the upstream raw material propylene oxide market overall weak downward, the market wait-and-see mood is heavy, the current overall operating rate is still high, downstream new orders generally, follow-up on demand. As of May 21, the reference price of propylene oxide was 18133 yuan / ton, down 4.06% compared with 18900 yuan / ton on May 1
Fundamentals are weak, propylene glycol may continue to decline in the future
At present, on the whole, the fundamental operation of propylene glycol market is weak, the downstream demand is poor, and the overall domestic trading atmosphere is general. Therefore, business community propylene glycol analysts believe that in the short term, the domestic propylene glycol market is weak, and the market price may have the risk of going down again.
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