Price trend

According to the monitoring data of SunSirs, as of May 6, 2023, the market price reference of domestic industrial propylene glycol was 8,666 RMB/ton, which was 67 RMB/ton lower than that on May 1 (the reference price of propylene glycol was 8,733 RMB/ton), a decrease of 0.76%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the first week of May (5.1-5.6), the overall domestic propylene glycol market was stable, with a weaker consolidation operation. After returning from the May Day Labor Day holiday, the propylene glycol market in most regions of China remained stable, with little change in market conditions compared to before the holiday. Individual factories lowered the price of propylene glycol narrowly, driving the overall market to operate in a stable and weaker manner. As of May 6, the domestic propylene glycol market price was around 8,500-8,800 RMB/ton.

Market outlook

As of May 6th, the trading atmosphere of propylene glycol on the market was average, and downstream demand was relatively light. New orders were mostly in demand, with negotiations mainly. The propylene glycol data analyst from SunSirs believes that in the short term, the domestic propylene glycol market will mainly continue to consolidate, and the specific trend still needs to pay more attention to changes in supply and demand news.

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