SunSirs: Propylene Glycol Market is in a Downward Trend
March 23 2023 14:39:28     On March 20, the benchmark price of propylene glycol in Sunsirs was 9333.33 RMB/ton, which was -1.06% lower than that at the beginning of this month (9433.33 RMB/ton).
Last week, the propylene glycol market started to fall from a high level. In terms of demand: Facing the persistently high propylene glycol market, the wait-and-see sentiment in the propylene glycol market has intensified, the downstream demand for propylene glycol has gradually loosened, new orders are cautious, and the propylene glycol market is weak and waiting for demand to increase.
In terms of cost: the raw material propylene oxide market has fallen from a high level, and the support given to propylene glycol by the cost side has weakened.
On the supply side: As the wait-and-see sentiment in the propylene glycol market gradually became stronger, and the demand conversion was not timely, the supply side of propylene glycol also accumulated a certain supply pressure. The overall supply and demand transmission was slow, and the supply side gave propylene glycol support.
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