SunSirs: The Recent Propylene Glycol Market Was Upward Overall (August 1-8)
August 09 2023 09:35:24 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of August 8, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7,866 RMB/ton. Compared with August 2 (reference price of propylene glycol 7,700 RMB/ton), the price increased by 166 RMB/ton, an increase of 2.16%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that the domestic propylene glycol market showed an overall upward trend in the recent period (8.2-8.8). At the beginning of the month, the overall supply of propylene glycol in China was tight, with tight spot circulation on the market. With no pressure on supply, some propylene glycol factories and suppliers raised the price of propylene glycol by around 200-300 RMB/ton, and the overall market situation saw an upward trend. As of August 8th, the domestic propylene glycol market price was referenced around 7,800-8,100 RMB/ton.
Market outlook
As of August 8th, the trading atmosphere in the propylene glycol market was mild. It is expected that in the short term, the domestic propylene glycol market was mainly stable and stronger overall, and the specific trend still needs to pay more attention to changes in supply and demand news.
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