Price trend
According to the monitoring data of SunSirs, as of November 3, 2022, the average ex factory price reference of domestic industrial propylene glycol was 8,216 RMB/ton. Compared with October 30 (the reference price of propylene glycol was 8,100 RMB/ton), the price increased by 116 RMB/ton, or 1.44%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that the domestic propylene glycol market rose slightly this week (10.31-11.3). At the beginning of the week, the propylene glycol market was mainly reorganized and operated, with little change in market news. Near the weekend, the propylene glycol market was stable with slight changes, and the propylene glycol market price in Shandong increased slightly by 100-200 RMB/ton. As of November 3, the domestic propylene glycol market price was around 8,000-8,300 RMB/ton, and the price was increased by 300-600 RMB/ton within the week. The specific analysis of propylene glycol market supply and demand this week is as follows:
In terms of supply, propylene glycol had less spot circulation, and the overall supply was tight on the site. Due to logistics constraints and other factors, some propylene glycol plants were slow to ship or temporarily did not ship. Therefore, when the supply pressure of propylene glycol was low, the supply side gave some support to the propylene glycol market.
In terms of demand, propylene glycol downstream demand mainly purchased on demand. It is said that in the fourth quarter, propylene glycol would have some new units to be put into production in succession. Therefore, some downstream operators had a strong wait-and-see attitude, and the demand side gave average support to propylene glycol.
Market outlook
At present, the trading atmosphere of propylene glycol in the market is general, and the preparation of goods is cautious. The propylene glycol data engineer of SunSirs believes that in the short term, the propylene glycol market may adjust and operate in a narrow range, and more attention should be paid to the changes in the information on the supply and demand side.
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