According to the monitoring data of the Business Society, as of March 11, the ex-factory price of domestic industrial grade propylene glycol was 16,166 yuan/ton. , compared with March 1 (reference price 15,433 yuan/ton), the average price increased by 743 yuan/ton, an increase of 4.75%.
After the high adjustment of propylene glycol in early March, the market “rised again” this week
2 After the Spring Festival in September, the domestic propylene glycol market rose sharply, with an increase of nearly 18% in half a month. Entering March, as Chongqing Dongneng New Energy Propylene Glycol started construction and a large propylene glycol factory in Dongying, Shandong Province started operating, the supply of propylene glycol in the field increased, and the price entered a high level adjustment. In some areas, the price of propylene glycol fell by 200-500 yuan/ tons, on the 5th, the transaction price of propylene glycol in Shandong was around 14,800-15,500 yuan/ton. Supported by the continued rise in costs of raw material propylene oxide, the propylene glycol market fell limited, and the overall market price was stable within a range.
Entering this week, on the 8th, I heard that the shutdown of the raw material PO unit of a major factory has affected the operation of the propylene glycol unit, which has reduced the supply of goods on site and increased the low-end price of propylene glycol market. The increase range is 200-400 yuan/ton. The market has mostly delivered foreign trade orders. Inventories of major propylene glycol manufacturers such as Shandong have basically remained low, and sales pressure is small. On the 9th, the overall market price of propylene glycol continued to rise in a narrow range, with an increase range of 400-600 yuan/ton. At present, as of the 11th, the price of domestic industrial-grade propylene glycol has risen to about 15,800-16,500 yuan/ton, and the average price reference is 16,166 yuan/ton. Compared with the price on the 5th, the price has retreated by 833 yuan/ton, which is 833 yuan/ton higher than the price on the 1st. In comparison, the overall price increased by 733 yuan/ton, an increase of 4.75%.
In terms of raw materials,In March, the domestic propylene oxide market in Shandong The market continues to rise steadily, providing strong support for the cost of propylene glycol. According to the bulk list data of the Business Society, as of March 11, the average price quoted by propylene oxide companies was 19,633 yuan/ton, which was the same as that on March 1 (18,833 yuan/ton) Compared with that, the average price increased by 800 yuan/ton, or 4.25%. Propylene oxide, which has reached a new high at present, is still smooth and stress-free, and the on-site equipment operation is basically stable, with no obvious changes yet.
Propylene glycol will fluctuate in a short-term high range, and more attention needs to be paid to the trend of raw materials and changes in supply and demand
Entering this week, the raw material propylene oxide has once again increased its rally, giving more support to the cost of propylene glycol. The current market fundamentals of propylene glycol remain stable. Although users have continued to make inquiries and are cautious, but with increased cost pressure, it is expected that propylene glycol will be sold in the short term. Prices fluctuate in a high range, and the possibility of a sharp decline is small. The specific trend requires close attention to the changes in raw material cyclopropane and supply and demand.
