SunSirs--China Commodity Data Group

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SunSirs: In the First Week after the Spring Festival, the Domestic Propylene Glycol Market Was Steadily Moving up (January 29-February 5)

February 08 2023 10:35:00     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of February 3, 2023, the reference market price of domestic industrial propylene glycol was 8,066 RMB/ton. Compared with January 29 (the reference price of propylene glycol was 7,900 RMB/ton), the price increased by 166 RMB/ton, or 2.11%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in the first week (1.29-2.03) after the return of the Spring Festival holiday in 2023, the domestic propylene glycol market as a whole remained stable after a rise. At the beginning of the week, the downstream demand of propylene glycol market was moderate, and the on-site supply of propylene glycol was tight. After the festival, the market price ushered in a small and steady rise, with an increase of around 100-200 RMB/ton. Subsequently, the propylene glycol market stabilized and consolidated. As of February 5, the domestic market price of propylene glycol was around 7,900-8,200 RMB/ton.

Market outlook

At present, there is a certain wait-and-see mood in the downstream of the propylene glycol market, and the market is waiting for the downstream demand to continue to release. The propylene glycol statistician of SunSirs believes that it is expected that the domestic propylene glycol market will mainly run with a small rise in February, and more attention should be paid to the change of information on the supply and demand side.

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