According to data, as of September 14th, the average ex-factory price of domestic propylene glycol was 9,000 yuan/ton. Converted from September 7, the average price was increased by 834 yuan/ton, an increase of 10.20%. Compared with 9 and 1, the average price The increase is RMB 1,200/ton, an increase of 15.38%.
Rising raw materials and low inventories, propylene glycol has risen broadly since last week
Entering September, the propylene glycol market is on an upward trend. The raw material propylene oxide continues to rise to support the continuous increase in costs. Starting on the 4th, the propylene glycol factory offer prices have been raised successively, with the increase in the range of 400-800 yuan/ton, and the actual transaction price has risen by 200-300 yuan/ton, reference is 7900-8100 yuan /Ton nearby. Subsequently, the overall stable operation of the market was the main focus.
On the 10th, supported by the continuous rise of raw material propylene oxide, cost pressures increased again, as well as the shutdown of propylene glycol production facilities in some production areas, and the relative decrease in inventory, two major factors, the ex-factory price of propylene glycol plants was again substantially increased by 500-1000 In the vicinity of RMB/ton, according to the data monitoring of the business agency, the average ex-factory price of propylene glycol rose to 8733 RMB/ton on the 10th, which is 11.97% higher than that on the first day. The industry has resisted the high price, and the downstream maintains the main demand for procurement, and some replenishment is staged.
Last weekend two days, the raw material PO increased again, and the high-end quotation has exceeded 15,600 yuan/ton. As of this Monday, the propylene glycol ex-factory quotation of some factories has been raised again by 300-500 yuan/ton. The market prices in most parts of the country continue to rise. At present, as of the 14th, according to the data, the average ex-factory price of propylene glycol refers to 9,000 yuan/ton, which is an increase of 270 yuan/ton or 3.05% compared with the 10th, and the average price is increased by 1,200 yuan compared with the 1st day. Yuan/ton, an increase of 15.38%.
Market price of propylene glycol in some regions of China (unit: yuan/ton)
Upstream, propylene oxide showed an overall upward trend last week. The average market price increase during the week was around 600 yuan/ton. Some factories in Shandong have slightly lowered installations, on-site supply is tight, downstream just needs replenishment, the factory mentality is firm, and the offer continues to increase. As of September 11, epoxy The reference price of propane is 14,966.67 yuan/ton, which is 9.51% higher than on September 1 (13666.67 yuan/ton).
Downstream maintains Inelastic Demand purchases, Propylene glycol fluctuates mainly in a narrow range recently.
In general， the raw materials are high and the cost is upside down. Last week, the domestic propylene glycol market went up broadly, but the downstream demand did not increase significantly. It continued to be the main source of Inelastic Demand purchases, and the market for high prices was repelled. Therefore, it is expected that the propylene glycol market may fluctuate in a narrow range in the near future.
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