Price trend
According to the monitoring data, as of September 5, 2022, the average ex-factory price of domestic industrial-grade propylene glycol was 9,800 RMB/ton, compared with the price on September 1, 2022 (the ex-factory reference price of propylene glycol was 9,250 RMB/ton), the price was raised by 650 RMB/ton, or 5.95%.
Analysis review
It can be seen from the data monitoring chart that the traditional golden September is ushered in. At the beginning of the month, the domestic propylene glycol market is on the rise as a whole. Since September 1, under the dual support of high cost and low supply, the focus of the propylene glycol market has continued to move upward. The price of propylene glycol factories is firm, mainly rising. In two days, the cumulative increase of propylene glycol was around 400-700 RMB/ton, with an increase of more than 4% in two days, and the high-end price of propylene glycol exceeded the 10,000 RMB/ton mark. Subsequently, the propylene glycol market was on the strong side. On September 5, the overall propylene glycol market continued to increase slightly, with an increase of around 100-300 RMB/ton. The domestic ex-factory price of propylene glycol referred to around 9600-10,000 RMB/ton. The trading atmosphere of propylene glycol was acceptable, and the transaction was just needed mainly.
On the upstream side of propylene oxide, recently (9.1-9.5), the propylene oxide market was running up. According to the data monitoring of SunSirs, on September 5, the reference price of propylene oxide was 9,700 RMB/ton, an increase of 3.56% compared with September 1 (9,366.67 RMB/ton).
Market outlook
At present, the overall market of propylene glycol is relatively strong. After the price has risen to a high level, the downstream wait-and-see mood is strong, but the Mid-Autumn Festival is approaching, and the downstream demand may increase. The propylene glycol data engineer of SunSirs believes that in the short term, the domestic propylene glycol market will mostly be strong and consolidate, and the specific trend needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.
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