SunSirs: Demand Was Weak, and the Propylene Glycol Market Was Weak and Declining in Recent Times
March 20 2024 14:50:09 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of March 18th, 2024, the market price of domestically produced industrial grade propylene glycol was referenced at 7,866 RMB/ton. Compared with March 11th (reference price of propylene glycol was 7,950 RMB/ton), the price was reduced by 84 RMB/ton, a decrease of 1.05%.
Analysis review
From the monitoring data of SunSirs, it can be seen that in recent times, the overall domestic propylene glycol market had shown a weak and declining trend. The trading atmosphere in the domestic propylene glycol market was light, and new orders were cautious. The overall downstream demand for propylene glycol was weak, and it is difficult for the demand side to provide effective support to the propylene glycol market. The overall performance of the propylene glycol market was narrowly downward under pressure, and the focus of market negotiations was moving downwards. As of March 18th, the domestic propylene glycol market price was around 7,800-8,000 RMB/ton, with a decrease of 1.05% within seven days.
Market outlook
As of March 18th, there had been a strong wait-and-see sentiment in the propylene glycol market, with a quiet and cautious buying atmosphere downstream. Some businesses had certain concerns about the future market. According to the propylene glycol data analyst from SunSirs, in the short term, the domestic propylene glycol market will mainly adjust within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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- 2024-04-17 SunSirs: Demand Was Weak and the Propylene Glycol Market Slightly Declined
- 2024-04-10 SunSirs: Good News Was Hard to Find, and the Propylene Glycol Market Had Been Continuously Declining Since March
- 2024-03-28 SunSirs: Demand Was Poor, and the Propylene Glycol Market Declined in Late March
- 2024-03-15 SunSirs: Poor Demand Led to Weak Performance in the Propylene Glycol and Dimethyl Charcoalate Markets in Early March
