|After a short period of relatively low prices at the end of March, #MPG in April showed an upward trend again.
After the Ching Ming Festival, with the delivery of foreign trade orders, coupled with the domestic demand for purchases, the propylene glycol market with tight inventory has rapidly prolonged the order cycle.
|Prediction:
At present, most manufacturers have placed orders after 10 days, and sporadic manufacturers have begun to take orders in May. The spot is hard to find and the supply is tight. It is expected that the market will still have room for upside next week.
Following the Labor Day holiday, it is expected that a small amount of goods will be stocked before the holiday in some downstream manufacturer, and the market supply will continue to shrink. In summary, it is expected that the price of propylene glycol in April is unlikely to have a sharp decline.
Guangzhou Chemicals Import& Export Co., Ltd
Address: 15th Floor, # 691, RenMin Road North, Guangzhou city, China. Zip code: 510170
Tel: +86 20 8108 1156 Fax: +86 20 8108 4009
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