SunSirs: The Supply Was Tight, and the Propylene Glycol Market Kept Stable After Rising This Week (January 8-12)

Price trend

According to the monitoring data of SunSirs, as of January 12, 2023, the market reference price of domestic industrial propylene glycol was 7,800 RMB/ton. Compared with the price on January 8 (the reference price of propylene glycol was 7,566 RMB/ton), the price increased by 234 RMB/ton, an increase of 3.08%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (1.08-1.12), the domestic propylene glycol market as a whole remained stable after rising. This week, some propylene glycol factories in Shandong Province were shut down for maintenance, and the spot supply of propylene glycol in the market was reduced. The tight supply supported the upward trend of the propylene glycol market. At the beginning of the week, some propylene glycol factories in Anhui and Shandong raised the price of propylene glycol by about 100-300 RMB/ton. Subsequently, the domestic propylene glycol market as a whole was stable and strong. As of January 12, the domestic market price of propylene glycol was around 7,700-,8000 RMB/ton, and some high-end prices were around 8,200-8,400 RMB/ton.

Market outlook

The current trading atmosphere in the propylene glycol market is mild. As the Spring Festival approaches, domestic logistics will be shut down in succession, and the delivery of propylene glycol factories and the downstream stock will also be finished. The propylene glycol statistician of SunSirs believes that it is expected that before the holiday, the propylene glycol market will have a limited possibility of large fluctuations, and the market will mainly adjust and operate in a small range, and more attention should be paid to the changes in the information on the supply and demand side.

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