Price trend

According to monitoring data from SunSirs, as of July 24, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7,433 RMB/ton. Compared with July 17 (propylene glycol reference price 7,066), the price increased by 367 RMB/ton, an increase of 5.19%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (7.17-7.24), the overall domestic propylene glycol market showed a steady upward trend. During the week, the overall supply side of the propylene glycol market was tight, with increased support from the supply side for propylene glycol. The slight fluctuation and increase in the raw material epoxy propane market also provided some cost support for propylene glycol. The propylene glycol market as a whole welcomed an upward trend. As of July 24th, the domestic propylene glycol market price was around 7,400-7,700 RMB/ton, with an increase of around 300-500 RMB/ton during the week. As of July 24, the trading atmosphere of propylene glycol on the market was still good, and the wait-and-see sentiment in the market was becoming stronger after the market rises.

Market outlook

As of July 24th, the overall supply side of the propylene glycol market remained relatively tight, and downstream new orders were slightly cautious. According to the propylene glycol data analyst from SunSirs, in the short term, the domestic propylene glycol market is mainly subject to narrow adjustment, and 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.