Price trend

According to the monitoring data of SunSirs, as of January 18, 2023, the reference market price of domestic industrial propylene glycol was 7,866 RMB/ton. Compared with January 1 (the reference price of propylene glycol was 7,400 RMB/ton), the price increased by 466 RMB/ton, or 6.31%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that from January to now (1.01-1.18), the domestic propylene glycol market as a whole had been steadily rising. After the New Year's Day holiday, the domestic propylene glycol market had a tight supply side, and the operators were increasingly reluctant to sell. The tight supply provided the propylene glycol center of gravity support. As the Spring Festival approaching, the downstream demand for propylene glycol was getting better, the trading atmosphere was active, the market transaction performance was good, and the demand side also gave the propylene glycol market a boost. With the support of both supply and demand, the market price of propylene glycol kept getting upward. As of January 18, the domestic market price of propylene glycol was around 7,800-8,000 RMB/ton, and the price of the higher end was around 8,100-8,400 RMB/ton.

Market outlook

The current trading atmosphere in the propylene glycol market is mild. As the Spring Festival approaches, domestic logistics will be shut down in succession, and the delivery of propylene glycol factories and downstream stock will also be finished. The propylene glycol statistician of SunSirs believes that the possibility of large fluctuations in the propylene glycol market is expected to be limited before the holiday. The market will mostly be adjusted and operated in a small range, and more attention should be paid to the changes in the supply and demand information.

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