As of December 11, the ex-factory price of domestic industrial grade propylene glycol referred to 10666 RMB/ton, compared with the price on December 6, the average price was reduced by 600 RMB/ton, a weekly decline of 5.33%. Compared with December 1, the average price was reduced by 2,000 RMB/ton, down 15.57% in 10 days.
Start at the beginning of December, 2, domestic industrial propylene glycol latest offer prices downward, the cause of the sharp decline mainly came from raw materials to give the cost of support, in late November start raw materials epoxy propane losses, cost support waning, propylene glycol factory downgrades of propylene glycol ex-factory price, near by 1000-2000 RMB/ton.
Go into the second week of December, raw materials of epoxy propane partial stability, market movements for propylene glycol support than previous improved, but the demand side, the downstream wait-and-see mood is heavier, floor trading atmosphere is cold and cheerless, taking goods replenishment operation caution to propylene glycol market price go up drop now, overall drop more, until the weekend on December 11, domestic industrial propylene glycol reference ex-factory price 10666 RMB/ton, compared with the price on December 6, the average price cut 600 RMB/ton, weekly decline 5.33%; Compared with December 1, the average price was reduced by 2,000 RMB/ton, down 15.57% in 10 days.
On the upstream side, on the first day of the month, the domestic propylene oxide market stabilized after a sharp decline, and now the market is running steadily. As of December 10, the reference price of propylene oxide was 17,300.00 RMB/ton, up 0.7 percent from December 1 (17,166.67 RMB/ton).
Since December, the domestic industrial grade propylene glycol downstream demand has been flat, fewer new orders, current inventory are expected to rise. Therefore, business propylene glycol data analysts believe that in the short term, propylene glycol market conditions may continue to dip slightly.
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MPG IN 23MT/FLEX BAG:
2020-12-15 exp1@gzchem.com