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SunSirs: Limited transactions, propylene glycol fell 11.85% in March
March 29 2022 15:30:45()

According to the monitoring data of the SunSirs, as of March 29, 2022, the average ex-factory price of domestic industrial-grade propylene glycol is 14,133 yuan.

It can be seen from the data monitoring chart of the business agency that in March, the overall domestic propylene glycol market fell by a large margin. In the first ten days of March, at the beginning of the month, affected by the slow recovery of downstream terminal demand, the demand for propylene glycol showed a general performance. On the 3rd and 4th, the domestic propylene glycol market fell significantly. Down 3.5%. The downstream purchase of propylene glycol was insufficient. On the 7th, some propylene glycol factories slightly lowered the ex-factory price of propylene glycol by 100-200 yuan/ton. After that, the propylene glycol market continued to be weak, and the downstream demand was not significantly boosted, and new orders were weak. , Since the 14th, the propylene glycol market has continued to move towards the low end, and the transaction on the market is limited. As of the 20th, the domestic ex-factory price of propylene glycol has fallen to around 15,000 RMB / ton.

At the end of the month, affected by factors such as logistics and transportation, the demand for propylene glycol was limited, and the effective support for the propylene glycol market was still insufficient. The transaction is average. As of the 29th, the domestic ex-factory price of propylene glycol is around 14000-14300RMB/ ton. At present, the propylene glycol market is still running weakly, the downstream demand is deadlocked, and the transaction is mainly negotiated, waiting for recovery.

In terms of upstream propylene oxide, recently, the domestic propylene oxide (3.21-3.28) market has been running smoothly after rising. Last week, the price of raw material propylene stopped falling and rising, the cost support was gradually strengthened, many installations were in negative state, manufacturers' inventories were controllable, the downstream purchasing enthusiasm was not high, prices rose, the demand side was deserted to suppress the increase, and prices were running smoothly. On the 28th, the epoxy resin in Shandong The mainstream quotation in the propane market is around 11800-12000 RMB/ ton, and the market trading atmosphere is general.

Market outlook analysis

At present, the domestic propylene glycol market is still weak, and the trading atmosphere in the market is general. After the market has dropped to a low point, it is unlikely that it will continue to decline sharply. The propylene glycol data engineer of the business agency believes that in the short term, the domestic propylene glycol market will stabilize. Consolidation and operation, we need to pay more attention to the news changes on the supply and demand side.

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

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