According to data, as of April 19, the ex-factory price of domestic industrial-grade propylene glycol was 18,000 yuan/ton. Compared with April 6 (reference price 15,400 yuan/ton), the average price increased by 2,600 yuan/ton, an increase of 16.88%. Compared with April 1 (reference price 15,900 yuan/ton), the average price is raised by 2,100 yuan/ton, an increase of 13.21%.
Two weeks after the Ching Ming Festival, the domestic market price of propylene glycol has risen sharply by 16.88%. Two days after the holiday, the pre-holiday stocking was affected, and the downstream was mostly digesting inventory. The trading atmosphere in the domestic propylene glycol market was relatively deserted, and the market price also fluctuated slightly. Beginning on the 9th, the domestic market price of propylene glycol has risen sharply, with the highest single-day increase of nearly 1,500 yuan/ton, and then the market has entered a stage of stable consolidation and operation. The market trading atmosphere improved.
The spot market for propylene glycol is in short supply. Starting on the 12th, the propylene glycol factory offer prices have risen all the way, and the single-day increase is around 500-1000 yuan/ton. As of the 19th, the domestic ex-factory price of propylene glycol has risen to around 17,800-18200 yuan/ton, both The price refers to 18,000 yuan/ton. Compared with the Qingming Festival, the average ex-factory price of propylene glycol has risen by 2,600 yuan/ton in two weeks, and the total increase after the festival has been nearly 17%.
In terms of raw materials, the recent raw material propylene oxide has continued to operate at a high level, and the cost of propylene glycol has been strong, and the price of propylene glycol plants has continued to increase.
In terms of exports, global equipment maintenance has led to tight internal and external supply, and the export market continues to improve. Most manufacturers mainly deliver foreign trade orders. The domestic market spot volume is relatively small. Overall, the fundamentals of propylene glycol are tight, and the price of propylene glycol has been rising. .
In terms of domestic trade, due to the sudden increase in export orders, the propylene glycol spot inventory is low, the domestic propylene glycol market is tight, the domestic trade resources are relatively insufficient, and the downstream demand is normal, which supports the strong operation of the propylene glycol market.
Propylene glycol remains strong in the short term
At present, the domestic propylene glycol market has a good trading atmosphere, the industry has a positive attitude, and the overall market is mostly bullish. Therefore, the propylene glycol analyst of the business agency believes that the propylene glycol market will remain stable in the short term, and the market outlook needs to pay more attention to changes in raw materials and exports.