Price trend

According to monitoring data from SunSirs, as of January 10, 2024, the reference market price of domestically produced industrial grade propylene glycol was 8,166 RMB/ton. Compared with January 5 (reference price of propylene glycol was 8,233 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 0.81%; Compared to January 1st (reference price of propylene glycol at 8,300 RMB/ton), the price has been reduced by 134 RMB/ton, a decrease of 1.61%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that as entered this week, the overall domestic propylene glycol market continued to show a slight downward trend. Part of the equipment in the propylene glycol field had started operation, and the overall supply of propylene glycol had increased. The pressure on the supply side of propylene glycol in the field had increased, and downstream demand for propylene glycol was weak, with average new orders. The supply and demand transmission of propylene glycol was slow. Therefore, this week, some propylene glycol factories continued to narrow down the shipment price of propylene glycol by 100 RMB/ton. As of January 10th, the domestic propylene glycol market price was around 8,100-8,200 RMB/ton.

Market outlook

As of January 10th, the trading atmosphere in the propylene glycol market had been relatively light, with downstream users mainly purchasing according to demand. There was a certain wait-and-see sentiment in the market. The propylene glycol data analyst from SunSirs believes that in the short term, the domestic propylene glycol market will be mainly adjusted within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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