SunSirs: In the First Week of September, the Propylene Glycol Market as a Whole Rose (September 3-7)
September 08 2023 10:31:59 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of September 7, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8,800 RMB/ton. Compared with September 3 (reference price of propylene glycol 8,600 RMB/ton), the price increased by 200 RMB/ton, an increase of 2.33%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that in the first week of September (9.3-9.7), the domestic propylene glycol market as a whole showed an upward trend. This week, the trading atmosphere on the propylene glycol market was good, with new downstream orders relatively stable. The overall focus of the propylene glycol market remained stable and continued to operate slightly stronger. Some propylene glycol factories raised the price of propylene glycol by around 200 RMB/ton. As of September 7th, the domestic propylene glycol market price was referenced around 8,700-9,000 RMB/ton.
Market outlook
As of September 7th, the mentality of propylene glycol field operators was good, and downstream just in needed and mainly for stable orders. It was heard that some factories had recently planned parking and maintenance, and it is expected that the overall pressure on the supply side will be relatively small in the short term. Therefore, the propylene glycol data analyst of SunSirs predicts that in the near future, the domestic propylene glycol market will mostly operate in a stable and stronger manner, and the specific trend still needs to pay more attention to changes in supply and demand news.
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