Price trend

According to the monitoring data of SunSirs, as of May 12, 2023, the reference market price of domestic industrial propylene glycol was 8,600 RMB/ton, which was 66 RMB/ton lower than that on May 7 (8,666 RMB/ton), a drop of 0.77%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (5.7-5.11), the overall domestic propylene glycol market showed a weak and slight decline. Entering this week, the overall performance of the domestic propylene glycol market still showed a weaker trend. At the beginning of the week, although there was some support from the upward trend of the raw material market, the overall focus of the propylene glycol market was mainly downward due to the average performance of the demand side and the impact of weak demand. As of May 12, the domestic propylene glycol market price was around 8,500-8,700 RMB/ton.

Market outlook

As of the 12th, the trading atmosphere of propylene glycol on the market was light, and downstream stocking was cautious. Procurement was mainly based on quantity. The propylene glycol data analyst from SunSirs believes that in the short term, the domestic propylene glycol market is mainly subject to narrow adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.

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