According to the monitoring data of the business agency, as of December 02, the factory price of domestic industrial grade propylene glycol was 11266.67 yuan / ton. Compared with November 30, the average price of domestic industrial grade propylene glycol decreased by 1400 yuan / ton, or 10.82%; compared with November 1, the average price was increased by 1930 yuan / ton, or 20.71%.
At the beginning of December, the raw materials of “cold current” fell sharply, the cost support of propylene glycol weakened, and the market fell rapidly
At the beginning of this month, the domestic industrial grade propylene glycol market declined rapidly, and the raw material propylene oxide decreased sharply in recent days, and the cost support for propylene glycol was continuously weakened. Propylene glycol manufacturers began to reduce the price of shipment, the market price continued to fall on the first two days of the month, and the factory offers were lowered by 1000-2000 yuan / ton. In terms of demand, the early high price quotation and the current rapid downward trend, at least the downstream wait-and-see sentiment is strong, continue to bear a larger, cautious supply and demand replenishment. The Data Engineer of the business agency learned yesterday from the relevant people in the industry that the current market supply of propylene glycol is sufficient, and the downstream volume is not large. At present, as of December 02, the ex factory price of domestic industrial grade propylene glycol has been referred to 11266.67 yuan / ton. Compared with November 30, the average price of domestic industrial propylene glycol has decreased by 1400 yuan / ton, or 10.82%; compared with that on November 1, the average price has increased by 1930 yuan / ton, or 20.71%.
On the upstream side, near the end of November, the domestic propylene oxide market began to decline weakly. In a week, the market price dropped from around 19000 yuan / ton to about 17000 yuan / ton. After entering December, the market continued to decline. As of December 02, the average price quoted by propylene oxide enterprises was 17166 yuan / ton, down 11.05% compared with a week ago (November 25).
Inventory has accumulated, downstream cautious wait for the future market or will continue to decline
At present, domestic industrial grade propylene glycol downstream demand is general, downstream take goods carefully, mainly wait and see, inventory has accumulated. At present, market costs and demand are weak, so the business community propylene glycol data division believes that in the short term, the propylene glycol market will continue to decline slightly.