SunSirs: Propylene Glycol Continued to Decline This Week (December 11-16)
December 20 2022 09:45:09 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 16, 2022, the market price reference of domestic industrial propylene glycol was 7,366 RMB/ton, which was down 300 RMB/ton, or 3.91%, compared with December 11 (the reference price of propylene glycol was 7,666 RMB/ton).
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (12.11-12.16), the domestic propylene glycol market continued to be weak and fell. During the week, the downstream demand of propylene glycol was weak, the wait-and-see mood was heavy, the trading atmosphere was light, and the focus of propylene glycol market was mainly downward. As of December 16, the domestic propylene glycol market price was near 7,300-7,500 RMB/ton, and the price fell by about 200-400 RMB/ton during the week. As of the 16th, the supply side of propylene glycol in the market had sufficient supply, the downstream demand was commonly followed up, the supply and demand transmission was slow, and the market transaction was mainly negotiated.
Market outlook
Near the end of the year, the downstream demand of propylene glycol is relatively calm. The factory is mainly selling at the margin, and there is little opportunity for the future market to continue to make large margin concessions. According to the propylene glycol data engineer of SunSirs, in the short term, the domestic propylene glycol market tends to adjust and operate mainly in narrow range, and more attention should be paid to the changes in the information on the supply and demand side.
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