Price trend

According to the monitoring data of SunSirs, as of December 9, 2022, the market reference price of domestic industrial propylene glycol was 7,666 RMB/ton, which was down by 100 RMB/ton, or 1.29%, compared with that of December 5 (7,766 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (12.05-12.09), the overall domestic propylene glycol market was weak and fell. In this week, the trading atmosphere of propylene glycol in the market was relatively light as a whole, and the market price decline in the week was about 100-200 RMB/ton. On December 9, the domestic propylene glycol market price was around 7,400-7,800 RMB/ton. The main factors of market trend were as follows:

Supply: In December, new propylene glycol units were put into production, the overall supply of the market was increased, the wait-and-see mentality was increased, and the buying atmosphere was light.

On the demand side, the overall operating rate of UPR plants downstream of propylene glycol was average, and the demand side was limited. Therefore, the demand side support given to propylene glycol was weak.

Market outlook

As of September 9, the transaction of new propylene glycol orders was general. Most downstream companies purchase just in needed. Although the demand was insufficient, the propylene glycol market price had been relatively low, and the risk of a sharp decline in the market was small. In addition, the macro benefits are gradually released, and the downstream may have a stock plan by the end of this year. Therefore, the propylene glycol data engineer of SunSirs believes that in the short term, the domestic propylene glycol market will be mainly stabilized, and more attention should be paid to the changes in the information on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com