Price trend

According to monitoring data from SunSirs, as of March 25, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7,766 RMB/ton. Compared with March 15 (reference price of propylene glycol was 7,860 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.27%.

Analysis review

From the monitoring data of SunSirs, it can be seen that in late March, the overall domestic propylene glycol market showed a weak and declining trend. The inquiry atmosphere inside the propylene glycol market was average, and the overall purchasing atmosphere of downstream users was weak. The new orders for propylene glycol were relatively cautious in terms of transaction volume. Therefore, under the drag of insufficient demand, the overall focus of the propylene glycol market was moving downwards. As of March 25th, the domestic propylene glycol market price was around 7,700-7,800 RMB/ton.

Market outlook

As of March 25th, the overall trading atmosphere of propylene glycol on the exchange was quiet, and the overall wait-and-see sentiment was strong. The proportion of concerns remained high. However, the current cost side market had slightly increased, and some propylene glycol operators had slightly improved their mentality. They had some confidence in the future market situation of propylene glycol and believe that in the short term, the domestic propylene glycol market will mainly adjust its range. 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.