According to the monitoring data of the business agency, as of July 16, the reference ex factory price of domestic industrial grade propylene glycol was 17566 yuan / ton, which was increased by 1500 yuan / ton, or 9.34%, compared with July 1 (reference price of propylene glycol was 16066 yuan / ton).
Since the first ten days of July, the domestic propylene glycol market has risen as a whole. The main reasons for the sharp rise in the market price of propylene glycol are as follows:
On the supply side, at the beginning of July, the factories in Shaanxi and Shandong were shut down for maintenance. The spot supply of propylene glycol in the yard was reduced, and the transaction atmosphere of propylene glycol was rapidly warming under the low inventory. Therefore, the market price of propylene glycol ushered in a sharp rise.
On the demand side, after the reduction of market supply, the fear of rising sentiment in the downstream increased, the downstream took goods actively, and the demand for propylene glycol increased. Supported by both supply and demand, the domestic market price of propylene glycol continued to rise. By the 16th, the average price of propylene glycol had risen to 17566 yuan / ton. Compared with the beginning of July, the average price had risen by 1500 yuan / ton, with an overall increase of 9.34% in early July.
In terms of upstream propylene oxide, in July, propylene oxide continued its rising trend in late June and rose slowly. Since the 5th, propylene oxide manufacturers have no pressure, downstream polyether orders have increased steadily, and prices have risen. The middle and lower reaches just need to follow up steadily, and the market has no pressure to push up. At present, the market supply is tight, the downstream follow-up performance is positive, and the market continues to rise. As of July 16, the reference price of propylene oxide was 17700 yuan / ton, up 18.79% compared with 14900 yuan / ton on July 1.
Future market analysis of propylene glycol
At present, the overhaul of propylene glycol plants has been completed one after another, and the supply side has gradually returned to normal. Under the high price, the downstream demand will continue, and the trading atmosphere may weaken. However, in terms of cost, the price of propylene oxide has risen sharply recently, which gives strong support to the cost of propylene glycol, Domestic propylene glycol market will be high consolidation operation.
| POLYVINYL ALCOHOL |