Price trend

According to the monitoring data of the business society, as of June 7, 2023, the reference market price of domestic industrial propylene glycol was 7,800 yuan/ton, which was 233 yuan/ton lower than that of June 1 (8,033 yuan/ton), a 2.90% drop.

Analysis review

From the data monitoring chart of the Business Society, it can be seen that entering June (6.1-6.7), the overall domestic propylene glycol market showed a weak and declining trend. Entering June, the downstream demand for propylene glycol in China had not improved significantly, and the overall performance of the demand side was weak. On the cost side of raw materials, the decline in the market for epoxy propane also provided insufficient cost support for propylene glycol. Under the dual pressure of cost demand, the overall propylene glycol market continued to operate in a weak state. As of June 7, the domestic propylene glycol market price was around 7,500-7,800 yuan/ton. The higher price referred to 8,200 yuan/ton.

Market outlook

As of June 7th, the overall trading atmosphere in the domestic propylene glycol market was light, new orders on the market was average and supply and demand transmission was slow and stagnant. It is expected that new production capacity will be put into operation on the market, and the overall supply side is relatively sufficient. According to the propylene glycol data analyst of Business Society, in the short term, the domestic propylene glycol market will mainly sort out in a range, and the specific trend needs to pay more attention to changes in news on the supply and demand side.

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