SunSirs: After the Festival, Propylene Glycol Market Rose (January 1-5)
January 06 2023 09:31:57 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 5, 2023, the market price reference of domestic industrial propylene glycol was 7,566 RMB/ton, which was 166 RMB/ton higher than that of January 1 (7,400 RMB/ton), an increase of 2.25%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that after the New Year's Day in 2023, the domestic propylene glycol market was generally stable and rose slightly. After the festival, the domestic propylene glycol market currently had a small supply. Some propylene glycol enterprises in Shandong mainly supplied core and stable old customers. They were reluctant to sell. The tight supply supported the upward movement of the propylene glycol market. The downstream demand side showed a moderate performance, mainly focusing on stable pre holiday goods preparation. As of January 5, 2023, the domestic propylene glycol market price was around 7,600-7,800 RMB/ton, and some high-end prices were around 8,000 RMB/ton.
Market outlook
As the Spring Festival is approaching, domestic logistics has been shut down, and propylene glycol downstream has also entered the final stage of goods preparation. At present, the market trading atmosphere is still good. The propylene glycol data engineer of SunSirs believes that in the short term, the domestic propylene glycol market is mainly stable with a strong operation, and more attention should be paid to the information changes on the supply and demand side.
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