Price trend
According to the monitoring data of SunSirs, as of November 15, 2022, the market price reference of domestic industrial propylene glycol was 8,100 RMB/ton, which was 150 RMB/ton lower than that of November 1 (8,250 RMB/ton), a 1.82% drop. On November 15, the domestic propylene glycol market price was around 7,900-8,200 RMB/ton.
Analysis review
It can be seen from the data monitoring chart of SunSirs that recently (11.7-11.15), the domestic propylene glycol market as a whole showed a weak decline. As of the 15th, the effectively support of propylene glycol market was general, which can be seen from the following two aspects:
- On the supply side, due to the limited turnover of new orders recently, propylene glycol gradually accumulated in the market, the pressure on the supply side increased, the supply and demand transmission was slow, and the support of supply side provided for propylene glycol market weakened.
- In terms of demand, as of the 15th, the downstream demand for propylene glycol was mainly just needed to follow up. Replenishment and stock up were relatively cautious. The overall transaction of propylene glycol market was flat. In the absence of demand boost, some factories had slightly lowered the price of propylene glycol recently by 100-200 RMB/ton.
Market outlook
At present, the overall supply and demand performance of propylene glycol market is weak. It is said that in the fourth quarter, the number of propylene glycol field devices may increase. With the increase of supply, the downstream wait-and-see mood may continue to be difficult to dispel, and the purchase will continue to be cautious. According to the propylene glycol data engineer of SunSirs, in the short term, the domestic propylene glycol market will mainly adjusted weaker, and the operation. In particular, more attention should be paid to the information changes on the supply and demand side.
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