SunSirs: This Week, the Propylene Glycol Market as a Whole Was in a Weak and Declining Trend (September 10-14)
September 15 2023 14:27:23 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of September 14, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8,716 RMB/ton. Compared with September 10 (propylene glycol reference price 8,800 RMB/ton), the price was reduced by 84 RMB/ton, a decrease of 0.95%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (9.10-9.14), the overall domestic propylene glycol market showed a weak and declining trend. At the beginning of the week, the trading atmosphere on the propylene glycol market was average, with weak downstream demand. The overall supply of propylene glycol was under pressure, and the supply and demand transmission was relatively slow. At the beginning of the week, some propylene glycol factories narrowly lowered the shipping prices of propylene glycol by around 100-200 RMB/ton. As the weekend approached, the trading atmosphere on the propylene glycol exchange had warmed up, and the market situation had slightly rebounded. As of September 14th, the domestic propylene glycol market price was referenced around 8,700-8,800 RMB/ton.
Market outlook
As of September 14th, the trading atmosphere of propylene glycol on the market was mild, the new orders were mainly discussed on the exchange, and the transmission of both supply and demand sides was fair. The propylene glycol data analyst of SunSirs predicts that in the near future, the domestic propylene glycol market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the changes in news on the supply and demand side.
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